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The Management Contract serves as a crucial document for formalizing the relationship between a company and its senior management in Austria. It is primarily used when appointing managing directors (Geschäftsführer), board members (Vorstandsmitglieder), or other senior executives, establishing their rights, duties, and responsibilities within the organization. The document must comply with Austrian corporate and employment laws, including specific requirements under the ABGB, AngG, and relevant corporate legislation (GmbHG for limited liability companies or AktG for stock corporations). The contract typically addresses key aspects such as scope of authority, remuneration structure, reporting obligations, and corporate governance requirements, while also incorporating necessary protections for both the company and the executive.

1. Parties: Identification of the company and the manager, including full legal names, addresses, and registration details

2. Background: Context of the appointment, including company structure and purpose of the management position

3. Definitions: Key terms used throughout the agreement, including specific Austrian legal terminology

4. Appointment and Term: Specific position, appointment date, term duration (fixed/indefinite), and any probationary period

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

6. Powers and Limitations: Specific powers granted to the manager and any restrictions or requirements for board/shareholder approval

7. Remuneration: Base salary, bonuses, profit sharing, and other financial benefits

8. Benefits and Expenses: Additional benefits, expense policies, and reimbursement procedures

9. Working Time and Leave: Working arrangements, vacation entitlement, and public holidays

10. Confidentiality: Obligations regarding company secrets and confidential information

11. Non-Competition and Non-Solicitation: Restrictions during and after employment

12. Intellectual Property: Assignment of IP rights and related obligations

13. Data Protection: GDPR compliance and data processing agreements

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

15. Post-Termination Obligations: Continuing duties and handover requirements

16. Governing Law and Jurisdiction: Confirmation of Austrian law application and competent courts