The Directors Contract Of Employment is a specialized agreement used when appointing directors who will have both corporate officer duties and an employment relationship with the company under Belgian law. This document is essential for establishing clear terms of engagement, responsibilities, and benefits while ensuring compliance with both Belgian corporate law and employment legislation. It should be used when a company wishes to formalize a director's position with executive responsibilities, typically including detailed provisions for remuneration, benefits, duties, and termination conditions. The contract addresses specific Belgian legal requirements, including social security implications, corporate governance standards, and employment protections. It's particularly important for ensuring proper documentation of the dual status of the director and protecting both the company's and director's interests in accordance with Belgian legal framework.
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Key Requirements PROMPT example:
Directors Contract Of Employment
"Need a Directors Contract Of Employment under Belgian law for our new Finance Director who will be joining our Brussels-based fintech startup on March 1, 2025, including stock option provisions and specific clauses for international travel as they'll be overseeing our European expansion."
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1. Parties: Identification of the company and the director, including full legal names, addresses, and registration details
2. Background: Context of the appointment, including board resolution reference and any relevant corporate approvals
3. Definitions: Key terms used throughout the agreement, including specific Belgian legal terminology
4. Appointment and Term: Details of the director position, term of appointment, and any renewal provisions
5. Duties and Responsibilities: Comprehensive outline of director's duties, both as a corporate officer and executive duties if applicable
6. Time Commitment: Expected working hours, availability, and time allocation requirements
7. Place of Work: Primary workplace location and any mobility requirements
8. Remuneration: Base salary, bonuses, and other financial benefits, including payment terms and review mechanisms
9. Benefits: Standard benefits package including healthcare, pension, and insurance provisions
10. Expenses: Policy on reimbursement of business expenses
11. Vacation and Leave: Annual leave entitlement and other leave provisions as per Belgian law
12. Confidentiality: Obligations regarding company confidential information and trade secrets
13. Intellectual Property: Assignment of IP rights and related obligations
14. Data Protection: GDPR compliance and personal data processing provisions
15. Termination: Grounds and procedures for contract termination, notice periods, and consequences
16. Post-Termination Obligations: Continuing duties and restrictions after contract end
17. Governing Law: Confirmation of Belgian law governance and jurisdiction
18. Entire Agreement: Integration clause and relationship to other agreements
1. Non-Competition: Post-employment competition restrictions, used when protecting business interests is crucial
2. Non-Solicitation: Restrictions on soliciting employees or clients, used when protecting business relationships is important
3. Corporate Governance: Additional corporate governance requirements, particularly relevant for listed companies
4. Stock Options: Share option schemes or equity participation arrangements, used when offering equity-based compensation
5. International Travel: Specific provisions for international duties and travel, used for multinational companies
6. Language: Language requirements and official translation provisions, used in multilingual contexts
7. Secondment: Terms for potential secondment to other group companies, used in corporate groups
8. Sign-On Bonus: One-time payment provisions for joining, used in competitive recruitment situations
9. Training and Development: Specific provisions for professional development, used when emphasizing growth and training
10. Company Car: Vehicle provision and related terms, used when offering company car benefits
1. Schedule 1 - Job Description: Detailed description of role, responsibilities, and reporting lines
2. Schedule 2 - Remuneration Package: Detailed breakdown of all compensation elements and calculation methods
3. Schedule 3 - Benefits Package: Comprehensive list and details of all benefits provided
4. Schedule 4 - Company Policies: Key company policies applicable to the director
5. Schedule 5 - Performance Metrics: Specific KPIs and performance evaluation criteria
6. Appendix A - Board Resolution: Copy of board resolution appointing the director
7. Appendix B - Company Car Policy: Detailed terms for company vehicle use if applicable
8. Appendix C - Expense Policy: Detailed guidelines for business expense claims and procedures
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Technology
Manufacturing
Professional Services
Healthcare
Retail
Energy
Telecommunications
Real Estate
Construction
Transportation
Media and Entertainment
Education
Pharmaceuticals
Consumer Goods
Automotive
Agriculture
Mining
Insurance
Hospitality
Relevant Teams
Legal
Human Resources
Corporate Governance
Board Secretariat
Executive Office
Compliance
Finance
Risk Management
Corporate Affairs
Company Secretariat
Relevant Roles
Executive Director
Managing Director
Finance Director
Operations Director
Commercial Director
Technical Director
Sales Director
Marketing Director
HR Director
IT Director
Regional Director
Country Director
Division Director
Strategy Director
Development Director
Legal Director
Research Director
Creative Director
Production Director
Innovation Director
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