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Executive Employment Contract

Executive Employment Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Executive Employment Contract

"I need an Executive Employment Contract for hiring a new CTO for our Dubai-based technology company, including provisions for stock options and international travel, with the position starting March 1, 2025."

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Document background
The Executive Employment Contract is essential for formalizing employment relationships with senior executives in UAE-based organizations. This document is specifically designed to comply with UAE Labor Law (Federal Decree-Law No. 33 of 2021) while addressing the complex requirements of executive-level employment. It is typically used when hiring C-suite executives, managing directors, and other senior leaders, incorporating provisions for executive compensation, corporate governance responsibilities, and protection of company interests. The contract includes comprehensive terms covering remuneration, benefits, stock options, performance metrics, and post-employment restrictions, all structured within the UAE legal framework. It's particularly relevant for both UAE-based companies and multinational corporations operating in the UAE, including free zones, and can be customized for various industry sectors while maintaining legal compliance.
Suggested Sections

1. Parties: Identification of the employer company and the executive employee, including full legal names and addresses

2. Background: Context of the appointment and brief description of the company and executive role

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Term: Details of the executive position, commencement date, and term of employment (fixed or unlimited)

5. Duties and Responsibilities: Detailed description of executive duties, reporting lines, and scope of authority

6. Place of Work: Primary work location and any travel requirements

7. Remuneration: Base salary, payment frequency, and currency

8. Benefits and Allowances: Executive benefits including housing, transport, medical insurance, and other allowances

9. Annual Leave and Public Holidays: Leave entitlements and public holiday provisions

10. Confidentiality: Obligations regarding confidential information and trade secrets

11. Intellectual Property: Assignment of IP rights created during employment

12. Non-Competition and Non-Solicitation: Post-employment restrictions in line with UAE law

13. Termination: Grounds for termination, notice periods, and consequences

14. Governing Law and Jurisdiction: Specification of UAE law and relevant courts

Optional Sections

1. Performance Bonus: Details of performance-based compensation, used when bonus schemes are part of the package

2. Stock Options/Equity: Terms of any share options or equity participation, used for executives eligible for company ownership

3. International Travel and Assignments: Specific provisions for roles requiring international travel or temporary reassignment

4. Corporate Governance: Additional responsibilities related to board positions or corporate governance, used for C-suite executives

5. Garden Leave: Provisions for putting the executive on paid leave during notice period, used in sensitive positions

6. Change of Control: Provisions dealing with company ownership changes, used in listed or acquisition-target companies

7. Relocation: Terms for international relocation, used for expatriate executives

8. Signing Bonus: One-time payment terms for joining the company, used in competitive hiring situations

Suggested Schedules

1. Schedule 1 - Remuneration Package: Detailed breakdown of salary components, allowances, and benefits

2. Schedule 2 - Job Description: Detailed description of role, responsibilities, and key performance indicators

3. Schedule 3 - Bonus Scheme: Detailed terms of any performance bonus or incentive schemes

4. Schedule 4 - Company Policies: Key company policies applicable to the executive

5. Schedule 5 - Stock Option Plan: Details of any share option or equity participation scheme

6. Appendix A - Data Protection Policy: Specific obligations regarding personal data handling and protection

7. Appendix B - Code of Conduct: Executive-level code of conduct and ethics requirements

8. Appendix C - Expense Policy: Guidelines for business expense claims and corporate card usage

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

Technology

Real Estate and Construction

Healthcare

Retail and Consumer Goods

Manufacturing

Energy and Utilities

Professional Services

Telecommunications

Hospitality and Tourism

Education

Media and Entertainment

Transportation and Logistics

Relevant Teams

Human Resources

Legal

Board of Directors

Executive Leadership

Corporate Governance

Compensation and Benefits

Talent Acquisition

Corporate Affairs

Company Secretariat

Relevant Roles

Chief Executive Officer (CEO)

Chief Financial Officer (CFO)

Chief Operating Officer (COO)

Chief Technology Officer (CTO)

Managing Director

Executive Director

General Manager

Country Head

Regional Director

Vice President

Senior Vice President

Group CEO

Division President

Executive Vice President

Chief Investment Officer

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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