Directors Agreement Template for Nigeria

1. Executive Duties: Additional section for executive directors detailing operational responsibilities

2. Share Options: Include when the director is to receive share options or other equity-based compensation

3. Non-Competition: Restrictions on competing activities during and after directorship

4. Intellectual Property: Rights and obligations regarding IP created during directorship

5. Insurance: Details of D&O insurance coverage if provided

6. Performance Metrics: Specific KPIs and performance evaluation criteria for executive directors

7. Additional Board Committees: Responsibilities related to specific board committee memberships

8. International Travel: Provisions for international travel if company has overseas operations

1. Schedule 1 - Duties and Responsibilities: Detailed list of specific duties and responsibilities

2. Schedule 2 - Remuneration Package: Detailed breakdown of compensation including salary, benefits, and allowances

3. Schedule 3 - Company Policies: List of relevant company policies the director must comply with

4. Schedule 4 - Board Committee Duties: Specific responsibilities related to board committee memberships

5. Schedule 5 - Performance Metrics: Detailed KPIs and performance evaluation criteria

6. Appendix A - Statutory Declaration: Declaration of compliance with CAMA 2020 requirements

7. Appendix B - Conflict of Interest Form: Standard form for declaring conflicts of interest