The Interim Management Agreement is designed for situations where organizations require temporary executive leadership, whether for crisis management, transition periods, or specific project implementation. This document, governed by Austrian law, establishes a clear framework for engaging interim managers while ensuring compliance with local corporate, employment, and social security regulations. The agreement carefully balances the need for executive authority with the temporary nature of the relationship, incorporating specific provisions required under Austrian law. It addresses key aspects such as scope of authority, reporting structures, compensation, and termination rights, while maintaining the independent contractor status typical of interim management arrangements. This document is particularly relevant for companies undergoing restructuring, requiring temporary leadership during recruitment processes, or seeking specialized expertise for specific strategic initiatives.
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1. Parties: Identification of the contracting company and the interim manager/management company
2. Background: Context of the appointment and brief description of the company's needs
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment, duration, and renewal provisions
5. Role and Responsibilities: Detailed description of the interim manager's position and duties
6. Time Commitment: Expected working hours and availability requirements
7. Fees and Expenses: Compensation structure, payment terms, and reimburseable expenses
8. Performance Standards: Expected quality of service and performance metrics
9. Reporting Requirements: Reporting structure and frequency of updates
10. Confidentiality: Protection of company information and trade secrets
11. Intellectual Property: Ownership of work products and innovations
12. Independence and Status: Clarification of independent contractor status
13. Liability and Indemnification: Scope of liability and mutual indemnification provisions
14. Insurance: Required insurance coverage
15. Termination: Grounds for termination and notice requirements
16. Post-Termination Obligations: Continuing obligations after agreement end
17. General Provisions: Standard legal clauses including governing law, notices, etc.
1. Corporate Authority: Required when interim manager will have significant corporate powers or signing authority
2. International Travel: Include when role requires significant international travel
3. Team and Resources: Include when interim manager will manage specific teams or require particular resources
4. Non-Competition: Add when protecting against competition is crucial, subject to Austrian law limitations
5. Succession Planning: Include when part of the role involves preparing for permanent replacement
6. Crisis Management: Add for appointments specifically related to crisis or turnaround management
7. Regulatory Compliance: Include for regulated industries or when specific certifications are required
8. Data Protection: Detailed GDPR compliance section when handling sensitive data
9. Share Options/Incentives: Include if performance-based equity incentives are part of compensation
1. Schedule 1: Services Description: Detailed scope of services and deliverables
2. Schedule 2: Fee Structure: Detailed breakdown of fees, rates, and payment terms
3. Schedule 3: Key Performance Indicators: Specific performance metrics and evaluation criteria
4. Schedule 4: Company Policies: Relevant internal policies and procedures
5. Schedule 5: Authorized Representatives: List of key contacts and their authority levels
6. Schedule 6: Required Insurance: Specific insurance requirements and coverage levels
7. Appendix A: Reporting Templates: Standard formats for required reports
8. Appendix B: Handover Protocol: Procedures for knowledge transfer and exit
9. Appendix C: Confidential Information: Specific definition of confidential information
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