Document background
The Managing Director Contract Of Employment is a crucial document used when appointing executive leadership in Austrian companies. It is specifically designed to address the unique dual position of managing directors under Austrian law, where they serve both as corporate officers and employees. This contract is essential for companies operating under Austrian jurisdiction when appointing new managing directors or updating terms for existing ones. The document encompasses comprehensive terms including appointment details, remuneration structures, benefits, duties and responsibilities, while ensuring compliance with Austrian corporate law (GmbHG), employment regulations, and tax requirements. It's particularly important as it needs to balance the managing director's significant corporate responsibilities with their employment rights, while also addressing specific Austrian legal requirements regarding executive management positions.
