Ƶ

Director Agreement Template for United States

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your document

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Director Agreement

"I need a director agreement outlining responsibilities and compensation for a board member with 5 years of governance experience, including quarterly performance reviews, annual bonus eligibility, and a 2-year term with a 3-month termination notice."

What is a Director Agreement?

A Director Agreement spells out the rights, duties, and expectations between a company and its board member in Saudi Arabia. It covers key items like compensation, confidentiality requirements, and the director's role in corporate governance according to the Kingdom's Companies Law.

This legally binding contract protects both sides by clearly stating meeting attendance requirements, share ownership rules, and conflict of interest policies. Saudi companies commonly use these agreements to ensure their directors comply with Capital Market Authority regulations and Sharia principles while helping guide important business decisions.

When should you use a Director Agreement?

Use a Director Agreement when appointing new board members to your Saudi company, especially during key transitions like IPOs, mergers, or significant corporate restructuring. This agreement becomes essential when bringing on directors with specialized expertise or when expanding operations into regulated sectors under CMA oversight.

The timing matters most during formation of joint stock companies, family business professionalization, or when adding independent directors to meet governance requirements. Having this agreement in place before directors begin their duties helps prevent misunderstandings about roles, responsibilities, and compensation while ensuring compliance with Saudi corporate law.

What are the different types of Director Agreement?

Who should typically use a Director Agreement?

  • Board Members: The primary signatories who agree to serve as directors, accepting specific duties and responsibilities under Saudi corporate law
  • Company Shareholders: Vote to approve director appointments and review agreement terms to ensure alignment with company interests
  • Legal Counsel: Draft and review Director Agreements to ensure compliance with CMA regulations and Sharia principles
  • Corporate Secretary: Maintains official records and ensures proper execution of agreements
  • Ministry of Commerce: Reviews agreements for compliance with Saudi Companies Law during company registration or updates
  • External Auditors: Verify director compensation and related party transactions outlined in agreements

How do you write a Director Agreement?

  • Director Details: Gather full legal name, ID/Iqama number, and professional qualifications of the appointed director
  • Company Information: Compile commercial registration details, board resolutions approving appointment, and shareholder approvals
  • Role Specifics: Define exact duties, meeting attendance requirements, and any committee responsibilities
  • Compensation Terms: Document agreed salary, bonuses, allowances, and any share-based incentives
  • Compliance Check: Review CMA regulations and Companies Law requirements for director qualifications
  • Term Duration: Specify appointment period, renewal conditions, and termination procedures
  • Document Generation: Use our platform to create a customized, legally-sound agreement that meets Saudi legal requirements

What should be included in a Director Agreement?

  • Party Details: Full legal names, commercial registration numbers, and authorized signatories of both company and director
  • Appointment Terms: Board position, duration, and specific roles aligned with Saudi Companies Law requirements
  • Duties Section: Detailed responsibilities, meeting attendance, and compliance with Sharia principles
  • Compensation Structure: Remuneration, benefits, and expense policies following CMA guidelines
  • Confidentiality Provisions: Protection of company secrets and intellectual property
  • Conflict Resolution: Saudi arbitration procedures and applicable jurisdiction clauses
  • Termination Terms: Notice periods, grounds for termination, and post-directorship obligations
  • Regulatory Compliance: References to relevant Saudi corporate governance codes and regulations

What's the difference between a Director Agreement and a Director Services Agreement?

A Director Agreement differs significantly from a Director Services Agreement in Saudi Arabia. While both documents govern board relationships, their scope and application vary considerably in practice.

  • Scope of Authority: Director Agreements establish broad governance rights and duties within the board structure, while Director Services Agreements focus specifically on operational services and deliverables
  • Compensation Structure: Director Agreements typically include board fees and shareholding rights, whereas Director Services Agreements detail service-based compensation and performance metrics
  • Term Duration: Director Agreements align with board appointment periods under Saudi Companies Law, while Director Services Agreements often follow project or service-specific timeframes
  • Regulatory Compliance: Director Agreements must satisfy CMA governance requirements and Sharia principles, while Director Services Agreements focus more on operational and commercial compliance

Get our -compliant Director Agreement:

Access for Free Now
*No sign-up required
4.6 / 5
4.8 / 5

Find the exact document you need

Director Indemnity Agreement

A Saudi Arabian law-governed agreement providing indemnification protection for company directors against liabilities and expenses incurred in their official capacity.

find out more

Medical Director Contract Agreement

A Saudi Arabian law-governed agreement establishing terms and conditions for a Medical Director's employment, including clinical and administrative responsibilities.

find out more

Spa Medical Director Agreement

A Saudi Arabian law-governed agreement establishing terms for medical director oversight of spa facilities, including clinical governance and regulatory compliance requirements.

find out more

Executive Director Agreement

A Saudi Arabian law-governed agreement establishing terms and conditions for executive director appointments, including duties, compensation, and regulatory compliance requirements.

find out more

Director Indemnification Agreement

A Saudi Arabian law-governed agreement establishing the terms for company indemnification of directors against claims and losses arising from their board service.

find out more

Director Appointment Agreement

A Saudi Arabian law-governed agreement establishing the terms and conditions for appointing a director to a company's board, ensuring compliance with local corporate and regulatory requirements.

find out more

Director Profit Sharing Agreement

A Saudi Arabian law-governed agreement establishing profit sharing arrangements between a company and its director, compliant with local regulations and Shariah principles.

find out more

Independent Director Agreement

A Saudi Arabian law-governed agreement establishing terms and conditions for appointing an independent director, ensuring compliance with local corporate governance requirements.

find out more

Directors Loan Agreement

A Sharia-compliant agreement under Saudi Arabian law governing loan arrangements between a company and its director, including terms, conditions, and compliance requirements.

find out more

Managing Director Contract Of Employment

A Saudi Arabian law-governed employment contract for appointing a Managing Director, outlining key terms and conditions while ensuring compliance with local regulations.

find out more

Company Director Agreement

A Saudi law-governed agreement establishing the terms and conditions for a director's appointment to a company's board, including duties, responsibilities, and remuneration.

find out more

Non Executive Director Agreement

A Saudi Arabian law-governed agreement establishing terms and conditions for Non-Executive Director appointments, including duties, remuneration, and regulatory compliance requirements.

find out more

Directors Service Agreement

A Saudi law-governed agreement establishing terms and conditions for director appointments, including duties, remuneration, and compliance requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.