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Director Employment Agreement Template for Switzerland

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Key Requirements PROMPT example:

Director Employment Agreement

"I need a Director Employment Agreement under Swiss law for our new Chief Technology Officer, who will be based in Zurich but managing teams across Europe, with a planned start date of March 1, 2025; the agreement should include provisions for remote work and international travel."

Document background
The Director Employment Agreement is a crucial document used when appointing executive directors or board members in Swiss companies. It serves as the primary contractual framework defining the employment relationship between the company and its directors, incorporating requirements from Swiss employment law, corporate law, and relevant regulatory frameworks. This agreement is essential for establishing clear terms of employment, including compensation, duties, responsibilities, and protection of company interests. The document must comply with the Swiss Code of Obligations and other relevant Swiss legislation, while also addressing specific industry requirements and corporate governance standards. It's particularly important for ensuring clarity in high-level appointments and protecting both the company's and director's interests in matters such as confidentiality, intellectual property, and post-employment obligations.
Suggested Sections

1. Parties: Identification of the company and the director, including full legal names and addresses

2. Background: Context of the appointment, including any relevant corporate resolutions

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Details of the director position, effective date, and duration of appointment

5. Duties and Responsibilities: Comprehensive outline of director's duties, including both executive and board responsibilities

6. Time Commitment and Exclusivity: Working hours, location, and any restrictions on other activities

7. Compensation and Benefits: Base salary, bonuses, and standard benefits package

8. Social Security and Insurance: Mandatory Swiss social security contributions and insurance arrangements

9. Expenses: Policy on reimbursement of business expenses

10. Vacation and Leave: Annual leave entitlement and public holidays

11. Confidentiality: Protection of company confidential information

12. Intellectual Property: Ownership and protection of IP created during directorship

13. Data Protection: Handling of personal data in compliance with Swiss law

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

15. Post-Termination Obligations: Non-compete, non-solicitation, and return of company property

16. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction

Optional Sections

1. International Travel: Required for directors with international responsibilities

2. Equity Participation: For arrangements including share options or equity incentives

3. Change of Control: Provisions applicable in case of company ownership changes

4. Garden Leave: If specific garden leave provisions are desired

5. Additional Board Positions: For directors permitted to hold other board positions

6. Relocation: If the role requires relocation to Switzerland

7. Compliance with Industry Regulations: For regulated industries like financial services

8. Language Requirements: If specific language skills are required for the role

Suggested Schedules

1. Schedule 1 - Detailed Compensation Structure: Detailed breakdown of all compensation elements

2. Schedule 2 - Benefits Package: Comprehensive list of benefits and associated terms

3. Schedule 3 - Position Description: Detailed role profile and responsibilities

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

5. Schedule 5 - Approved Outside Activities: List of pre-approved external commitments if any

6. Appendix A - Share Option Terms: Details of any share option or equity participation scheme

7. Appendix B - Performance Metrics: KPIs and performance evaluation criteria

8. Appendix C - Expense Policy: Detailed expense claim procedures and limits

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

Manufacturing

Technology

Healthcare

Professional Services

Retail

Energy

Telecommunications

Real Estate

Construction

Life Sciences

Insurance

Consumer Goods

Transportation

Media and Entertainment

Relevant Teams

Legal

Human Resources

Corporate Governance

Executive Office

Board Secretariat

Compliance

Finance

Operations

Relevant Roles

Executive Director

Managing Director

Board Member

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Chief Technology Officer

Chief Marketing Officer

Regional Director

Country Manager

Division Director

Department Director

Executive Vice President

Senior Vice President

General Manager

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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