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Directors Contract Of Employment

Directors Contract Of Employment Template for United Arab Emirates

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Key Requirements PROMPT example:

Directors Contract Of Employment

I need a Directors Contract of Employment for appointing a new Managing Director to our UAE-based technology company, starting March 1, 2025, with specific provisions for international travel and oversight of our MENA regional operations.

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Document background
The Directors Contract of Employment is a crucial document used when appointing executive directors to UAE companies, whether in mainland UAE or free zones. It serves as both an employment agreement and a governance document, ensuring compliance with UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and UAE Federal Decree Law No. 33 of 2021 (Labor Law). The contract is essential for establishing clear terms of engagement, defining responsibilities, setting remuneration packages, and protecting company interests through appropriate restrictive covenants. It includes specific provisions required by UAE law, such as probation periods, notice requirements, and end-of-service benefits, while also addressing corporate governance requirements, regulatory compliance, and director's fiduciary duties.
Suggested Sections

1. Parties: Identifies the company and the director, including their full legal names and addresses

2. Background: Context of the appointment, including company details and the basis for the director's appointment

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Details of the director's role, position, and duration of appointment

5. Duties and Responsibilities: Comprehensive outline of the director's duties, both statutory and operational

6. Time Commitment: Expected working hours and time dedication to the role

7. Remuneration and Benefits: Salary, bonuses, and other benefits including any share options

8. Place of Work: Primary location and travel requirements

9. Confidentiality: Obligations regarding company information and trade secrets

10. Intellectual Property: Ownership and rights over work created during directorship

11. Conflicts of Interest: Provisions for declaring and managing conflicts

12. Termination: Grounds and procedures for ending the appointment

13. Post-Termination Restrictions: Non-compete and non-solicitation clauses

14. Governing Law: Confirmation of UAE law application and jurisdiction

Optional Sections

1. Corporate Governance Compliance: Additional provisions for listed companies or regulated entities

2. International Travel: Specific provisions for roles requiring extensive international travel

3. Multiple Directorships: Rules regarding holding director positions in other companies

4. Performance Metrics: Specific KPIs and performance evaluation criteria

5. Shareholder Approval Requirements: Additional provisions for matters requiring shareholder approval

6. Insurance and Indemnification: Detailed provisions for D&O insurance and company indemnification

7. Regulatory Compliance: Industry-specific regulatory requirements and compliance obligations

8. Subsidiary Board Positions: Terms for serving on boards of subsidiary companies

Suggested Schedules

1. Schedule 1 - Duties and Responsibilities: Detailed list of specific duties and responsibilities

2. Schedule 2 - Remuneration Package: Detailed breakdown of salary, bonuses, and benefits

3. Schedule 3 - Share Options: Details of any share option schemes or equity participation

4. Schedule 4 - Company Policies: List of applicable company policies and procedures

5. Schedule 5 - Performance Criteria: Detailed performance evaluation metrics and targets

6. Schedule 6 - Restricted Activities: Detailed list of restricted activities during and post-employment

7. Appendix A - Board Resolution: Copy of board resolution approving the appointment

8. Appendix B - Company Benefits: Details of all company benefits and allowances

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions































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Relevant Industries

Banking and Financial Services

Real Estate and Construction

Technology and Telecommunications

Healthcare and Pharmaceuticals

Energy and Utilities

Retail and Consumer Goods

Manufacturing and Industrial

Professional Services

Media and Entertainment

Transport and Logistics

Education

Hospitality and Tourism

Relevant Teams

Legal

Human Resources

Corporate Governance

Company Secretariat

Board Affairs

Compliance

Risk Management

Executive Office

Corporate Affairs

Relevant Roles

Executive Director

Managing Director

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Regional Director

Country Director

Division Director

Board Member

Executive Vice President

Group Director

Subsidiary Director

Industries








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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