Directors Service Contract Template for New Zealand

1. Executive Director Provisions: Additional provisions for directors who also hold executive positions

2. Share Options and Incentives: Details of any share-based compensation or long-term incentive plans

3. International Travel: Specific provisions for directors required to travel internationally

4. Multiple Board Appointments: Provisions for directors serving on multiple boards within a group structure

5. Intellectual Property: IP provisions for directors involved in product development or innovation

6. Insurance and Indemnification: Specific arrangements for directors' and officers' insurance coverage

7. Garden Leave: Provisions allowing the company to place the director on garden leave

8. Non-Competition: Post-termination restrictions on competing activities

1. Schedule 1: Remuneration Details: Detailed breakdown of all compensation elements

2. Schedule 2: Position Description: Detailed description of the director's role and responsibilities

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

4. Schedule 4: Board Committee Memberships: Details of committee roles and additional responsibilities

5. Schedule 5: Performance Metrics: Specific KPIs or performance evaluation criteria

6. Appendix A: Statutory Duties: Summary of statutory duties under NZ Companies Act 1993

7. Appendix B: Conflict of Interest Procedures: Detailed procedures for declaring and managing conflicts

8. Appendix C: Approved Outside Directorships: List of pre-approved external board positions