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The Executive Employment Agreement serves as a crucial legal document for companies operating in Malaysia to formalize employment relationships with senior management and executives. It is specifically designed to comply with Malaysian employment law while protecting both employer and executive interests. This agreement is typically used when hiring or promoting individuals into senior management positions, including C-suite roles, directors, and other executive positions. The document incorporates mandatory provisions under Malaysian law, including those from the Employment Act 1955, while also addressing executive-specific matters such as performance-based compensation, equity participation, and post-employment restrictions. It's particularly important for establishing clear terms regarding authority levels, reporting structures, and executive responsibilities within the Malaysian corporate governance framework.

1. Parties: Identification of the employer company and the executive, including their respective addresses and registration/identification numbers

2. Background: Brief context of the appointment and any relevant corporate structure information

3. Definitions: Key terms used throughout the agreement including Company, Group, Board, Confidential Information, etc.

4. Appointment and Term: Position title, effective date, and duration (if fixed-term) or ongoing nature of employment

5. Duties and Responsibilities: Detailed description of role, reporting relationships, and key performance areas

6. Place of Work: Primary work location and travel requirements

7. Hours of Work: Expected working hours while acknowledging executive nature of role

8. Remuneration: Base salary, review periods, and payment details

9. Benefits and Allowances: Standard benefits package including medical, insurance, car allowance, etc.

10. Leave Entitlements: Annual leave, medical leave, and other authorized absences

11. Performance and Review: KPIs, evaluation process, and review periods

12. Confidentiality: Protection of company confidential information and trade secrets

13. Intellectual Property: Ownership of work product and innovations

14. Non-Competition and Non-Solicitation: Post-employment restrictions on competitive activities

15. Termination: Grounds for termination, notice periods, and processes

16. Company Policies: Compliance with company policies and procedures

17. Governing Law: Malaysian law as governing law and jurisdiction

18. General Provisions: Standard boilerplate clauses including entire agreement, amendments, notices