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.
Note that this document refers to separate policy documents (also available on this website).
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.