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Managerial Agreement
"I need a Managerial Agreement for hiring a new Operations Director for our technology startup in Karachi, starting March 1, 2025, with specific provisions for stock options and remote work flexibility."
1. Parties: Identification of the employer company and the manager, including full legal names and addresses
2. Background: Context of the agreement, including the company's business 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: Official designation, position title, and duration of the appointment
5. Duties and Responsibilities: Detailed outline of the manager's role, authority, and reporting relationships
6. Place of Work: Primary work location and any requirements for travel or remote work
7. Compensation and Benefits: Salary, bonuses, and other financial benefits including review periods
8. Working Hours and Leave: Expected working hours, overtime policies, and leave entitlements
9. Confidentiality: Obligations regarding company confidential information and trade secrets
10. Intellectual Property: Ownership and rights related to work created during employment
11. Non-Competition and Non-Solicitation: Restrictions on competitive activities during and after employment
12. Termination: Grounds and procedures for ending the employment relationship
13. Governing Law: Specification of Pakistani law as governing law and relevant jurisdiction
14. Dispute Resolution: Process for resolving disagreements, including mediation or arbitration procedures
1. Probation Period: Terms of initial probationary period - include for new hires or promotions
2. Performance Metrics: Specific KPIs and evaluation criteria - include for performance-based positions
3. International Travel: Terms for international assignments - include if role requires overseas work
4. Stock Options: Terms of equity participation - include if offering company shares
5. Relocation: Relocation assistance and terms - include if position requires relocation
6. Training and Development: Professional development commitments - include if specific training is required
7. Multiple Work Locations: Terms for working across multiple sites - include if applicable
8. Acting Positions: Terms for temporary higher duties - include if manager may need to act in other roles
1. Schedule 1 - Job Description: Detailed breakdown of responsibilities, duties, and authority levels
2. Schedule 2 - Compensation Structure: Detailed breakdown of salary components, bonuses, and benefits
3. Schedule 3 - Performance Bonus Scheme: Details of performance-based incentives and calculation methods
4. Schedule 4 - Company Policies: Key company policies that form part of the agreement
5. Schedule 5 - Reporting Structure: Organizational chart showing reporting relationships
6. Appendix A - Benefits Summary: Complete list of benefits and eligibility criteria
7. Appendix B - Confidential Information: Specific types of confidential information covered by the agreement
8. Appendix C - Approved Outside Activities: List of pre-approved external commitments or board positions
Authors
Manufacturing
Technology
Financial Services
Healthcare
Retail
Construction
Education
Telecommunications
Energy
Professional Services
Logistics
Real Estate
Hospitality
Agriculture
Mining
Media and Entertainment
Executive Leadership
Operations
Finance
Human Resources
Sales
Marketing
Information Technology
Research and Development
Production
Quality Assurance
Legal
Administration
Customer Service
Supply Chain
Business Development
Chief Executive Officer
Managing Director
General Manager
Department Head
Regional Manager
Branch Manager
Operations Manager
Project Manager
Production Manager
Sales Manager
Marketing Manager
Finance Manager
HR Manager
Technical Manager
Division Head
Unit Manager
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