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Managing Director Agreement
"I need a Managing Director Agreement for appointing a new MD to our Irish technology startup, with emphasis on share options and performance-based compensation, starting March 1, 2025."
1. Parties: Identification of the company and the managing director
2. Background: Context of the appointment and general purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Position details, commencement date, and term (fixed or indefinite)
5. Duties and Responsibilities: Detailed description of the MD's roles, responsibilities, and performance expectations
6. Time Commitment: Working hours, availability, and dedication requirements
7. Location: Primary work location and travel requirements
8. Remuneration: Base salary, review mechanisms, and payment terms
9. Benefits and Expenses: Additional benefits, expense policies, and reimbursement procedures
10. Holidays and Leave: Annual leave entitlement and other types of leave
11. Confidentiality: Protection of company confidential information
12. Intellectual Property: Ownership and protection of IP created during employment
13. Restrictions and Non-Compete: Post-employment restrictions and non-compete obligations
14. Termination: Grounds for termination, notice periods, and procedures
15. Company Policies: Compliance with company policies and procedures
16. Data Protection: GDPR compliance and data processing provisions
17. Governing Law: Irish law as governing law and jurisdiction
18. Entire Agreement: Integration clause and relationship to other agreements
19. Notices: Method and addresses for formal notices
1. Board Position: Include when the MD is also appointed to the board of directors
2. Share Options: Include when offering equity participation or share options
3. Performance Bonus: Include when offering performance-based compensation
4. Garden Leave: Include when requiring specific garden leave provisions
5. International Travel: Include for roles requiring significant international travel
6. Regulatory Compliance: Include for regulated industries (e.g., financial services)
7. Group Role: Include when MD has responsibilities across group companies
8. Pension Scheme: Include when offering specific pension arrangements
9. Insurance Coverage: Include when providing specific insurance benefits
10. Relocation: Include when relocation assistance is provided
1. Schedule 1 - Duties and Responsibilities: Detailed list of specific duties and responsibilities
2. Schedule 2 - Benefits Package: Comprehensive description of all benefits and allowances
3. Schedule 3 - Bonus Scheme: Details of any performance-related bonus calculations
4. Schedule 4 - Share Option Scheme: Terms and conditions of any share option arrangements
5. Schedule 5 - Company Policies: List of applicable company policies
6. Schedule 6 - Restricted Activities: Detailed description of post-employment restrictions
7. Appendix A - Performance Metrics: Specific KPIs and performance measurement criteria
8. Appendix B - Expense Policy: Detailed expense guidelines and procedures
9. Appendix C - Company Car Policy: Terms of company car provision if applicable
10. Appendix D - Group Structure: Overview of group companies if role involves group responsibilities
Authors
Financial Services
Technology
Manufacturing
Retail
Professional Services
Healthcare
Construction
Energy
Telecommunications
Transport and Logistics
Real Estate
Media and Entertainment
Pharmaceutical
Agriculture
Education
Human Resources
Legal
Board of Directors
Executive Committee
Corporate Governance
Company Secretariat
Compensation and Benefits
Talent Management
Risk and Compliance
Corporate Affairs
Managing Director
Chief Executive Officer
Executive Director
General Manager
Country Manager
Regional Director
Division Head
Senior Executive Officer
Operations Director
Executive Vice President
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