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Indemnity Employment Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Indemnity Employment Contract

"I need an Indemnity Employment Contract for a senior Financial Controller position in our Dubai-based technology company, with specific focus on protecting both parties regarding financial decision-making authority and handling of company assets, to be effective from March 1, 2025."

Document background
The Indemnity Employment Contract is designed for use in the United Arab Emirates when establishing employment relationships that require specific indemnification provisions. This document is particularly relevant for senior positions, roles involving significant financial responsibility, or positions where the employee might be exposed to particular risks or liabilities. The contract combines standard employment terms required under UAE Labor Law with specialized indemnification clauses that protect both the employer and employee. It's commonly used in situations where the role involves decision-making authority, handling of sensitive information, or representation of the company in significant transactions. The document must comply with Federal Decree-Law No. 33 of 2021 and related employment regulations while providing clear terms for compensation, benefits, and the specific circumstances under which indemnification applies.
Suggested Sections

1. Parties: Identification of the employer and employee with full legal names and addresses

2. Background: Brief context of the employment relationship and purpose of the indemnity contract

3. Definitions: Key terms used throughout the contract including 'Indemnity', 'Gross Misconduct', 'Force Majeure', etc.

4. Employment Terms: Position, duties, reporting lines, and basic employment conditions

5. Compensation and Benefits: Salary, allowances, and other financial benefits

6. Indemnification Obligations: Detailed terms of the indemnity including scope, limitations, and triggering events

7. Duration and Notice Period: Contract term and notice requirements for termination

8. Confidentiality and Non-Disclosure: Obligations regarding company information and trade secrets

9. Intellectual Property Rights: Ownership and rights to work product and innovations

10. End of Service Benefits: Calculation and payment of gratuity and other termination benefits

11. Governing Law and Jurisdiction: Specification of UAE law application and dispute resolution mechanism

Optional Sections

1. Non-Compete Clause: Restrictions on post-employment competition, used for senior positions or roles with access to sensitive information

2. Relocation Terms: Specific provisions for expatriate employees regarding visa, housing, and repatriation

3. Performance Metrics: Detailed performance expectations and evaluation criteria for bonus-eligible positions

4. Insurance Coverage: Additional insurance provisions beyond statutory requirements

5. Training and Development: Provisions for professional development and associated commitments

6. Flexible Working Arrangements: Terms for remote work or flexible hours if applicable

7. Company Property: Specific provisions regarding company assets and their use

Suggested Schedules

1. Schedule 1 - Job Description: Detailed description of role, responsibilities, and key performance indicators

2. Schedule 2 - Compensation Details: Breakdown of salary components, allowances, and benefits

3. Schedule 3 - Company Policies: Reference to applicable company policies and procedures

4. Schedule 4 - Indemnity Calculation Formula: Detailed methodology for calculating indemnity payments

5. Appendix A - Required Documents: List of documents required for employment such as qualifications, certificates

6. Appendix B - Health and Safety Requirements: Specific health and safety obligations relevant to the role

Authors

Alex Denne

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

Relevant legal definitions






























Clauses






























Relevant Industries

Financial Services

Technology

Healthcare

Construction

Oil & Gas

Manufacturing

Professional Services

Real Estate

Retail

Education

Telecommunications

Transportation & Logistics

Hospitality

Relevant Teams

Legal

Human Resources

Finance

Operations

Risk Management

Compliance

Executive Leadership

Project Management

Sales

Business Development

Information Technology

Research & Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Department Head

Senior Manager

Project Manager

Financial Controller

Legal Counsel

Operations Director

Risk Manager

Investment Manager

Senior Engineer

Technical Director

Sales Director

Human Resources Director

Compliance Officer

Board Member

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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