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Director Fee Agreement
"I need a Director Fee Agreement for a newly appointed non-executive director of our fintech startup, with quarterly payments of £50,000 per year and specific provisions for attending board meetings remotely, starting from March 2025."
1. Parties: Details of the company and the director
2. Background: Context of the appointment and agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Duration and nature of directorship
5. Fees and Payment Terms: Compensation structure and payment schedule
6. Duties and Responsibilities: Director's obligations and commitments
7. Termination: Conditions for ending the agreement
8. Governing Law: Jurisdiction and applicable law
1. Benefits: Additional benefits beyond basic fees - include when offering additional compensation beyond basic fees
2. Expenses: Terms for expense reimbursement - include when director will incur business expenses
3. Confidentiality: Protection of company information - include when handling sensitive information
4. Non-Competition: Restrictions on competing activities - include when protecting company interests from competition
1. Fee Schedule: Detailed breakdown of compensation structure
2. Duties Schedule: Detailed list of director responsibilities
3. Benefits Schedule: Details of additional benefits if applicable
4. Board Resolution: Copy of resolution appointing the director
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