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Managerial Agreement
"I need a Managerial Agreement for a new Operations Director in our manufacturing company, starting March 1, 2025, with strong non-compete clauses and specific provisions for overseas travel to our facilities in Singapore and Thailand."
1. Parties: Identification of the employer company and the manager, including complete legal names and addresses
2. Background: Brief context of the agreement and the purpose of hiring the manager
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Appointment and Term: Details of the position, effective date, and duration of employment (fixed-term or permanent)
5. Duties and Responsibilities: Comprehensive outline of the manager's role, authority levels, and key performance areas
6. Place of Work: Primary work location and any requirements for travel or remote work
7. Hours of Work: Expected working hours, flexibility requirements, and overtime provisions if applicable
8. Remuneration and Benefits: Base salary, bonuses, allowances, and other benefits including medical, insurance, and leave entitlements
9. Performance Review: Performance evaluation process, frequency, and impact on compensation
10. Confidentiality: Obligations regarding company confidential information and trade secrets
11. Intellectual Property: Ownership and rights to work products and innovations created during employment
12. Termination: Conditions and procedures for ending the employment relationship
13. Post-Termination Obligations: Non-compete, non-solicitation, and other post-employment restrictions
14. Governing Law: Specification of Malaysian law as governing law and jurisdiction
15. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions
1. Probation Period: Details of initial probationary period if applicable for new managers
2. Stock Options/Share Schemes: Include when offering equity-based compensation
3. International Travel: Required for positions involving frequent international travel or overseas assignments
4. Subsidiary Board Positions: Include when manager will serve on boards of subsidiary companies
5. Change of Control: Provisions for scenarios involving company ownership changes
6. Garden Leave: Include when there's a need to protect sensitive information during notice periods
7. Training and Development: Include when specific professional development requirements exist
8. Relocation Terms: Required when position involves relocation
9. Crisis Management: Include for senior positions with crisis management responsibilities
1. Schedule 1: Job Description: Detailed description of roles, responsibilities, and reporting relationships
2. Schedule 2: Compensation Structure: Detailed breakdown of salary components, bonus calculations, and benefits
3. Schedule 3: Company Policies: Key company policies applicable to managerial staff
4. Schedule 4: Performance Metrics: Specific KPIs and performance evaluation criteria
5. Schedule 5: Restricted Activities: Detailed list of prohibited activities during and after employment
6. Appendix A: Benefits Summary: Comprehensive list of benefits and eligibility criteria
7. Appendix B: Expense Policy: Guidelines for business expense claims and approvals
8. Appendix C: Reporting Structure: Organizational chart showing reporting relationships
Authors
Manufacturing
Financial Services
Technology
Retail
Healthcare
Education
Construction
Hospitality
Telecommunications
Professional Services
Energy
Real Estate
Transportation
Agriculture
Mining
Human Resources
Legal
Finance
Operations
Sales
Marketing
Information Technology
Research and Development
Production
Quality Assurance
Supply Chain
Customer Service
Business Development
Administration
Facilities Management
Chief Executive Officer
Managing Director
General Manager
Department Manager
Regional Manager
Operations Manager
Sales Manager
Finance Manager
Human Resources Manager
Project Manager
Branch Manager
Production Manager
Marketing Manager
Technical Manager
Business Development Manager
Quality Assurance Manager
Supply Chain Manager
IT Manager
Research and Development Manager
Facility Manager
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