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Nominee Director Agreement
"I need a Nominee Director Agreement for our Delaware-incorporated tech startup, where we're appointing a director to represent our majority investor starting March 2025, with specific provisions for quarterly board meetings and remote participation rights."
1. Parties: Identifies the appointing company and nominee director
2. Background: Explains context and purpose of nominee arrangement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Terms of appointment and duration
5. Duties and Obligations: Specific responsibilities of the nominee director
6. Compensation: Payment terms and benefits
7. Indemnification: Protection provisions for the nominee director
8. Termination: Conditions for ending the agreement
1. Insurance: Details of D&O insurance requirements and coverage
2. Confidentiality: Non-disclosure provisions and handling of sensitive information
3. Compliance Requirements: Specific regulatory obligations for regulated industries or public companies
1. Schedule A - Compensation Details: Detailed breakdown of fees, benefits, and payment terms
2. Schedule B - Company Information: Corporate details and structure
3. Schedule C - Board Policies: Relevant corporate governance policies and procedures
4. Appendix 1 - Indemnification Terms: Detailed indemnification provisions and protection mechanisms
Authors
Appointing Company
Board
Business Day
Commencement Date
Company
Confidential Information
Corporate Governance Guidelines
D&O Insurance
Effective Date
Fiduciary Duties
Governing Law
Indemnification
Intellectual Property
Nominee Director
Parent Company
Parties
Services
Term
Termination Date
Territory
Applicable Laws
Board Resolutions
Company Secretary
Director's Fees
Group
Material Interest
Relevant Stock Exchange
Shareholders
Subsidiary
Term and Duration
Duties and Responsibilities
Fiduciary Obligations
Compensation
Expenses
Indemnification
Insurance
Confidentiality
Non-Competition
Conflicts of Interest
Representations and Warranties
Corporate Governance
Compliance
Reporting Requirements
Board Meetings
Decision Making Authority
Termination
Resignation
Notice Requirements
Record Keeping
Liability
Assignment
Governing Law
Dispute Resolution
Force Majeure
Severability
Entire Agreement
Amendment
Waiver
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