Director Fee Agreement Template for India

1. Performance Metrics: Specific performance criteria for variable compensation, used when fee includes performance-linked components

2. Additional Benefits: Details of any additional benefits like insurance, club memberships etc., included when offering beyond basic fee structure

3. Stock Options: Terms of any stock option grants, required when equity compensation is part of the package

4. Committee Responsibilities: Additional fees and duties for committee positions, included when director serves on board committees

5. Non-Compete: Restrictions on competing activities, typically included for executive directors

6. Indemnification: Specific indemnification provisions beyond standard liability coverage

7. International Travel: Special provisions for international travel and related compensation, included for companies with global operations

1. Schedule A - Fee Structure: Detailed breakdown of all compensation components including basic fees, sitting fees, and commission calculations

2. Schedule B - Board and Committee Meetings: Details of expected board and committee meeting attendance requirements and related compensation

3. Schedule C - Expense Policy: Policy regarding reimbursement of expenses incurred in role performance

4. Schedule D - Code of Conduct: Company's code of conduct and ethics applicable to directors

5. Appendix 1 - Statutory Declarations: Required declarations under Companies Act 2013 regarding eligibility and independence

6. Appendix 2 - Compliance Forms: Standard forms for ongoing compliance reporting by directors