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Business Management Contract Template for Austria

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Key Requirements PROMPT example:

Business Management Contract

"I need a Business Management Contract for appointing a new CFO of our Austrian technology company starting March 1, 2025, including provisions for international travel, stock options, and representation rights for our subsidiaries in Germany and Switzerland."

Document background
The Business Management Contract serves as a crucial legal framework for appointing and managing executive personnel in Austria. It is essential for organizations requiring formalized management structures and is commonly used when appointing managing directors, board members, or senior executives. The document must comply with Austrian corporate law, particularly the Austrian Commercial Code (UGB) and relevant employment legislation. This contract type is specifically designed to address the unique aspects of management positions, including corporate representation rights, fiduciary duties, and compliance with Austrian corporate governance requirements. It includes comprehensive provisions for remuneration, performance expectations, and termination conditions while ensuring alignment with Austrian labor laws and social security regulations.
Suggested Sections

1. Parties: Identification of the company and the managing director/management team

2. Background: Context of the appointment and general purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Official appointment, position title, and duration of the management role

5. Duties and Responsibilities: Detailed description of management duties, authority limits, and reporting obligations

6. Working Time and Place of Work: Expected working arrangements and primary location of work

7. Remuneration and Benefits: Base salary, bonuses, and other financial benefits

8. Expenses: Policy on business expenses and reimbursement

9. Vacation and Leave: Holiday entitlements and leave policies

10. Confidentiality: Protection of company information and trade secrets

11. Intellectual Property: Ownership of work products and innovations

12. Non-Competition and Non-Solicitation: Restrictions during and after employment

13. Termination: Grounds for termination and notice periods

14. Return of Company Property: Obligations upon termination

15. Governing Law and Jurisdiction: Confirmation of Austrian law application and dispute resolution

16. General Provisions: Miscellaneous legal provisions including severability and entire agreement

Optional Sections

1. Corporate Representation: Powers to represent the company externally - used when manager has signatory rights

2. Stock Options/Equity Participation: Details of any share-based compensation - included when equity is part of compensation

3. International Travel: Specific provisions for international assignments - used for roles requiring significant travel

4. Multiple Board Positions: Regulations regarding holding positions in other companies - used for senior management

5. Data Protection Obligations: Specific GDPR compliance duties - used when role involves significant data processing

6. Company Car/Benefits in Kind: Details of non-cash benefits - included when such benefits are provided

7. Deputy Appointment: Provisions for appointing and acting as deputy - used for senior positions

8. Compliance with Corporate Governance: Additional governance obligations - used for listed companies

Suggested Schedules

1. Schedule 1 - Performance Targets: Detailed KPIs and performance evaluation criteria

2. Schedule 2 - Bonus Scheme: Detailed calculation and terms of performance-related pay

3. Schedule 3 - Benefits Package: Detailed list and terms of all benefits provided

4. Schedule 4 - Company Policies: Key company policies applicable to management

5. Schedule 5 - Authorized Activities: List of pre-approved external activities or board positions

6. Appendix A - Position Description: Detailed role profile and responsibilities

7. Appendix B - Reporting Structure: Organization chart and reporting relationships

8. Appendix C - Power of Attorney: Scope of representation rights if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions










































Clauses













































Relevant Industries

Manufacturing

Financial Services

Technology

Retail

Healthcare

Professional Services

Real Estate

Construction

Energy

Telecommunications

Transportation and Logistics

Consumer Goods

Industrial Services

Media and Entertainment

Hospitality

Education

Relevant Teams

Legal

Human Resources

Executive Management

Corporate Governance

Compliance

Board Secretariat

Finance

Operations

Administration

Relevant Roles

Managing Director

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Division Director

Country Manager

Regional Manager

Department Head

Executive Director

Board Member

General Manager

Branch Manager

Senior Vice President

Operations Director

Business Unit Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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