This director's service contract is to be used for executive directors - i.e. company directors who are also employees of the company. The template has a dual purpose: it sets out the basis for the director's employment by the company, and regulates his role as a director.
Given the importance of a director to a business, the contract is relatively detailed. It has been drafted in order to give as much protection to the company as possible.
Examples of common executive director posts, in respect of which this director service contract template may be suitable for use, include finance directors, operations directors and managing directors.
If this contract is to be used for the appointment of a new executive director, you might also like to consider our offer letter.
This contract for directors is 24 pages long (including the cover sheet, execution clause and schedule) and contains the following provisions:
2. Appointment and Duration
4. Place of Work
5. Hours of Work
10. Insured benefits
12. Car / Car allowance
14. Confidential Information
15. Intellectual Property
16. Conflict of Interests
17. Termination of Employment
18. Effect of Termination
19. Post Termination Restrictions
21. Discipline and Grievance
22. Data Protection
23. Collective Agreements
24. Entire Agreement
26. Governing Law
27. Law and Jurisdiction
Note that clauses 21 and 22 refer to separate policy documents.
This directors contract template should not be used in circumstances where the company is listed on a recognised exchange. Nor should it be used for non-executive directors or non-directors.
If you are looking for a contract to cover a senior employee who is not a director, you should consider our special contract of employment template for senior employees.
Click on the link below to view the first few pages of the document:
SAMPLE DIRECTOR'S SERVICE CONTRACT
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