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Directors Service Contract
I need a Directors Service Contract for appointing a new CEO to our UAE-based technology company, starting March 1, 2025, with specific provisions for share options and international travel responsibilities.
1. Parties: Identification of the company and the director, including full legal names and addresses
2. Background: Context of the appointment and brief description of the company's business
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Details of the director's appointment, position, and duration of service
5. Duties and Responsibilities: Comprehensive list of director's duties under UAE law and company requirements
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 or performance-related pay
8. Expenses: Policy on reimbursement of business expenses
9. Place of Work: Principal location and travel requirements
10. Holidays and Leave: Annual leave entitlement and holiday policies
11. Confidentiality: Obligations regarding company confidential information
12. Intellectual Property: Assignment of IP rights created during directorship
13. Conflicts of Interest: Provisions regarding disclosure and handling of conflicts
14. Restrictions During Employment: Limitations on outside activities and interests
15. Termination: Grounds and procedures for termination of the appointment
16. Post-Termination Obligations: Continuing duties after the end of appointment
17. Company Policies: Compliance with company policies and procedures
18. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction for disputes
1. Board Committee Membership: Required if the director will serve on specific board committees
2. Share Dealing Code: Necessary for listed companies or those planning to list
3. International Travel: Include for roles requiring significant international travel
4. Multiple Directorships: Required for group company appointments
5. Corporate Governance: Additional provisions for listed companies or regulated entities
6. Garden Leave: Include if the company wants the right to place director on garden leave
7. Change of Control: Provisions dealing with company ownership changes
8. Insurance and Indemnity: Detailed provisions on D&O insurance and company indemnification
1. Schedule 1 - Duties and Responsibilities: Detailed list of specific duties and responsibilities
2. Schedule 2 - Remuneration Package: Detailed breakdown of all compensation elements
3. Schedule 3 - Benefits: Comprehensive list of benefits and entitlements
4. Schedule 4 - Restrictive Covenants: Detailed post-termination restrictions
5. Schedule 5 - Company Policies: List of applicable company policies
6. Appendix A - Board Resolution: Copy of board resolution approving the appointment
7. Appendix B - Performance Metrics: KPIs and performance evaluation criteria
8. Appendix C - Share Option Scheme Rules: If applicable, details of share option arrangements
Authors
Banking and Financial Services
Real Estate and Construction
Technology and Digital
Healthcare
Retail and Consumer
Energy and Resources
Manufacturing
Transportation and Logistics
Hospitality and Tourism
Professional Services
Media and Entertainment
Education
Telecommunications
Legal
Human Resources
Company Secretariat
Board of Directors
Executive Committee
Compliance
Corporate Governance
Risk Management
Chief Executive Officer
Managing Director
Executive Director
Non-Executive Director
Independent Director
Board Member
Chairman
Vice Chairman
Regional Director
Division Director
Subsidiary Director
Group Director
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