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The Management Agreement Contract serves as a crucial legal instrument in Austrian business operations, establishing the framework for executive employment relationships. This document is essential when appointing senior managers, directors, or executives in organizations operating under Austrian jurisdiction. It comprehensively addresses all aspects of the management relationship, from appointment and compensation to duties and termination provisions, while ensuring compliance with Austrian corporate law, employment regulations, and governance requirements. The agreement is particularly important for maintaining clear organizational structures, protecting company interests, and establishing unambiguous management responsibilities. It incorporates specific provisions required under Austrian law, including GDPR compliance, works council considerations, and corporate governance standards, making it suitable for both domestic and international companies operating in Austria.

1. Parties: Identification of the company and the manager, including full legal names, addresses, and registration details

2. Background: Context of the appointment and brief description of the company's business

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Official appointment of the manager, position title, and duration of the agreement

5. Duties and Responsibilities: Detailed description of the manager's role, authority, and obligations

6. Time Commitment: Expected working hours and availability requirements

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

8. Benefits and Expenses: Additional benefits, expense reimbursement policies, and insurance coverage

9. Location and Travel: Primary work location and travel requirements

10. Reporting Structure: Management hierarchy and reporting relationships

11. Confidentiality: Obligations regarding company confidential information

12. Data Protection: GDPR compliance and personal data handling requirements

13. Intellectual Property: Ownership and rights to work product and innovations

14. Non-Competition: Restrictions on competitive activities during and after employment

15. Termination: Grounds for termination and notice requirements

16. Post-Termination Obligations: Continuing duties and restrictions after agreement ends

17. Governing Law and Jurisdiction: Application of Austrian law and dispute resolution

18. Miscellaneous: Standard boilerplate provisions including severability and entire agreement