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Board Of Advisors Agreement
"I need a Board of Advisors Agreement for our Belgian tech startup, incorporating equity compensation terms and covering advisory services for our planned European expansion starting March 2025, with particular focus on data protection and cross-border operations."
1. Parties: Identification of the company and the advisor, including full legal names, addresses, and registration details
2. Background: Context of the appointment, brief description of the company, and purpose of the advisory relationship
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the advisor, duration of the appointment, and renewal terms
5. Role and Responsibilities: Detailed description of the advisor's duties, expected contribution, and time commitment
6. Meeting Attendance and Availability: Requirements for attendance at meetings, availability for consultations, and communication expectations
7. Compensation: Details of fees, payment terms, and expense reimbursement policies
8. Confidentiality: Obligations regarding confidential information, trade secrets, and GDPR compliance
9. Intellectual Property: Ownership and rights to intellectual property created during the advisory relationship
10. Independence and Conflicts: Declaration of advisor's independent contractor status and handling of potential conflicts of interest
11. Termination: Conditions and procedures for ending the agreement
12. General Provisions: Standard legal clauses including governing law, notices, and entire agreement
1. Stock Options or Equity Compensation: Terms of any equity-based compensation, to be included if the advisor will receive company shares or options
2. Insurance and Indemnification: Coverage of advisor under company insurance policies and indemnification provisions, recommended for high-risk industries
3. Non-Competition: Restrictions on working with competitors, to be included based on industry sensitivity and advisor's other commitments
4. Performance Metrics: Specific KPIs or performance expectations, useful for results-based compensation structures
5. Committee Assignments: Specific committee roles and responsibilities, if the advisor will serve on particular committees
6. International Travel: Terms for international travel and associated compensation, if regular travel is expected
7. Data Protection Officer Role: Additional responsibilities if the advisor will serve as or interact with the Data Protection Officer
1. Schedule A - Compensation Details: Detailed breakdown of all forms of compensation, payment schedules, and calculation methods
2. Schedule B - Meeting Schedule: Annual calendar of scheduled meetings and expected time commitment
3. Schedule C - Confidential Information: Specific categories of confidential information and handling procedures
4. Schedule D - Approved Outside Activities: List of pre-approved activities and positions with other organizations
5. Appendix 1 - Code of Conduct: Company's code of conduct and ethical guidelines applicable to advisors
6. Appendix 2 - Expense Policy: Detailed policy on reimbursable expenses and submission procedures
7. Appendix 3 - Company Policies: Relevant company policies that apply to advisors
Authors
Technology
Financial Services
Healthcare
Manufacturing
Professional Services
Retail
Energy
Telecommunications
Life Sciences
Real Estate
Education
Non-Profit
Media and Entertainment
Consumer Goods
Transportation and Logistics
Legal
Corporate Governance
Executive Leadership
Corporate Strategy
Business Development
Board Administration
Compliance
Corporate Affairs
Risk Management
Human Resources
Chief Executive Officer
Board Chairman
Corporate Secretary
General Counsel
Chief Financial Officer
Chief Strategy Officer
Head of Corporate Development
Governance Officer
Company Director
Advisory Board Member
External Advisor
Industry Expert
Strategic Consultant
Board Liaison Officer
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