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Managing Director Contract Of Employment

Managing Director Contract Of Employment Template for United States

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Key Requirements PROMPT example:

Managing Director Contract Of Employment

"I need a Managing Director Contract Of Employment for our new tech division head starting March 1, 2025, with specific provisions for equity compensation and international travel responsibilities across our APAC offices."

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Document background
The Managing Director Contract Of Employment is essential when appointing senior executives in U.S. organizations. This document is typically used when hiring or promoting an individual to a Managing Director position, requiring a formal agreement that outlines comprehensive terms of employment, executive compensation packages, and strategic responsibilities. It addresses specific U.S. federal and state employment law requirements while protecting both the company's interests and the executive's rights. The contract typically includes provisions for equity participation, performance bonuses, and other executive benefits while establishing clear guidelines for corporate governance and regulatory compliance.
Suggested Sections

1. Parties: Identification of the company and the Managing Director

2. Background: Context of the appointment and basic premise of the agreement

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Position details, commencement date, and duration

5. Duties and Responsibilities: Scope of role and key responsibilities

6. Compensation: Base salary, bonuses, and other financial benefits

7. Benefits: Health insurance, retirement plans, and other non-cash benefits

8. Working Hours and Location: Expected work schedule and primary work location

9. Confidentiality: Protection of company information and trade secrets

10. Intellectual Property: Ownership of work product and innovations

11. Termination Provisions: Grounds and procedures for contract termination

12. Post-Termination Obligations: Ongoing obligations after employment ends

13. Governing Law: Applicable jurisdiction and dispute resolution

Optional Sections

1. Equity Participation: Stock options or share schemes, applicable when offering equity-based compensation

2. International Assignment: Terms for overseas work, applicable for roles involving international responsibilities

3. Change of Control: Provisions for company ownership changes, relevant for publicly traded companies

4. Garden Leave: Terms for paid leave during notice period, used when protecting business interests

5. Sign-on Bonus: One-time payment terms for joining the company, used for key executive recruitment

Suggested Schedules

1. Schedule 1: Job Description: Detailed outline of role and responsibilities

2. Schedule 2: Compensation Details: Detailed breakdown of all compensation elements including bonus structures

3. Schedule 3: Benefits Package: Comprehensive details of health, pension, and other benefits

4. Schedule 4: Company Policies: Key policies the Managing Director must adhere to

5. Appendix A: Non-Compete Agreement: Detailed restrictive covenants and non-competition terms

6. Appendix B: Equity Plan Terms: Details of any stock options or equity participation schemes

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Clauses
Appointment and Term
Duties and Responsibilities
Location and Hours
Remuneration and Benefits
Bonus and Incentives
Equity Participation
Expenses
Annual Leave
Sick Leave
Other Benefits
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Protection of Business Interests
Termination
Garden Leave
Notice Period
Summary Dismissal
Severance
Return of Company Property
Data Protection
Corporate Governance
Regulatory Compliance
Representations and Warranties
Delegation of Authority
Performance Review
Amendments
Governing Law
Dispute Resolution
Entire Agreement
Severability
Assignment
Notices
Force Majeure
Industries

Fair Labor Standards Act (FLSA): Federal law governing executive exemption status, minimum wage provisions, and overtime regulations even for executive positions

Employment Retirement Income Security Act (ERISA): Federal law regulating retirement benefits provisions and employee benefit plan requirements

Internal Revenue Code Section 409A: Tax regulations specifically dealing with deferred compensation and tax implications for executive compensation

Title VII of Civil Rights Act: Federal anti-discrimination law protecting against discrimination based on race, color, religion, sex, and national origin

Age Discrimination in Employment Act (ADEA): Federal law protecting individuals 40 years or older from employment discrimination

Americans with Disabilities Act (ADA): Federal law requiring reasonable accommodations for qualified individuals with disabilities

Family and Medical Leave Act (FMLA): Federal law governing leave entitlements and conditions for eligible employees

State Employment Laws: State-specific regulations on wages, hours, leave requirements, and non-compete enforceability

Sarbanes-Oxley Act: Federal law establishing corporate governance requirements, particularly relevant for publicly traded companies

Securities Exchange Act: Federal law governing stock options and equity compensation in employment agreements

Workers' Compensation Laws: State-specific laws governing workplace injury compensation and insurance requirements

Trade Secrets Protection: Federal and state laws protecting confidential business information and intellectual property

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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