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Executive Director Employment Contract Template for England and Wales

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Key Requirements PROMPT example:

Executive Director Employment Contract

"I need an Executive Director Employment Contract for our new CFO who will be joining our UK-based fintech company in March 2025, including provisions for share options and international travel as she'll be spending 30% of her time in our Singapore office."

Document background
The Executive Director Employment Contract is essential when appointing individuals to combined board and executive management positions in companies operating under English and Welsh law. This document integrates requirements from the Companies Act 2006, employment legislation, and corporate governance frameworks, providing a robust legal foundation for the appointment. It typically includes detailed provisions on duties, remuneration, equity participation, confidentiality, and post-termination restrictions, while ensuring compliance with regulatory requirements for listed companies where applicable.
Suggested Sections

1. Parties: Identification of the company and the executive director

2. Background: Context of the appointment and any relevant company information

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Position, duties, and duration of appointment

5. Duties and Responsibilities: Specific obligations as both executive and director including statutory duties under Companies Act 2006

6. Remuneration: Base salary, bonuses, and benefits

7. Working Hours and Location: Expected time commitment and place of work

8. Holidays and Leave: Annual leave entitlement and conditions

9. Termination: Circumstances and procedures for ending employment

10. Confidentiality: Protection of company information

Optional Sections

1. Share Options: Terms of any share option schemes - include when company offers equity incentives

2. International Travel: Terms for overseas work - include for roles requiring significant international travel

3. Garden Leave: Terms of garden leave provisions - include when protecting business interests during notice period

4. Post-termination Restrictions: Non-compete and non-solicitation clauses - include when protecting business interests post-employment

Suggested Schedules

1. Schedule 1 - Job Description: Detailed outline of role and responsibilities

2. Schedule 2 - Bonus Scheme Rules: Detailed terms of performance-related pay

3. Schedule 3 - Share Option Agreement: Detailed terms of any share options granted

4. Schedule 4 - Company Policies: Key policies referenced in main agreement

5. Schedule 5 - Benefits Package: Detailed description of all benefits provided

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


































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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Companies Act 2006: Primary legislation governing company directors' duties (Sections 171-177), disclosure requirements, and conflicts of interest management for company directors

Employment Rights Act 1996: Fundamental legislation covering basic employment rights, unfair dismissal provisions, and statutory notice periods for employees including executive directors

Equality Act 2010: Legislative framework ensuring protection against discrimination, requirements for reasonable accommodations, and equal treatment in the workplace

Working Time Regulations 1998: Regulations governing working hours limitations, holiday entitlements, and required rest breaks, though executives may opt out of certain provisions

UK Corporate Governance Code: Set of principles and guidelines for effective corporate governance, particularly relevant for executive directors of listed companies

FCA Listing Rules: Regulatory requirements for listed companies, including specific obligations for executive directors and disclosure requirements

Companies (Model Articles) Regulations 2008: Default articles of association for companies, providing framework for director appointments and responsibilities

Data Protection Act 2018: Legislation governing the processing and handling of personal data, including executive employment information and privacy rights

National Minimum Wage Act 1998: Law establishing minimum compensation requirements, though less directly relevant for executive-level compensation

Pensions Act 2008: Legislation governing pension schemes and requirements, including executive pension arrangements

Health and Safety at Work Act 1974: Framework for workplace safety requirements and executive management responsibilities for organizational health and safety

Articles of Association: Company's constitutional document defining director appointment processes, powers, and limitations

Board Resolutions: Corporate authorizations required for executive director appointments and terms of employment

Shareholder Agreements: Agreements between shareholders that may contain provisions affecting executive director appointments and rights

Market Practice Guidelines: Standard market practices for executive remuneration, corporate governance, and institutional investor expectations

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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