Employment Rights Act 1996: Fundamental legislation covering basic employment rights, notice periods, and requirement for written statement of employment particulars. Essential for structuring the main terms of the executive employment contract.
Equality Act 2010: Covers protection against discrimination, equal pay provisions, and reasonable accommodations requirements. Must be considered in drafting terms related to compensation and working conditions.
Working Time Regulations 1998: Regulates working hours, holiday entitlement, and rest breaks. Though executives often have flexible arrangements, these regulations provide the baseline requirements.
National Minimum Wage Act 1998: Ensures salary compliance and proper structuring of benefits and compensation packages, though typically less relevant for executive positions due to higher compensation levels.
Companies Act 2006: Critical for defining director duties if the executive role includes directorship, and ensuring compliance with corporate governance requirements.
Data Protection Act 2018 and UK GDPR: Governs personal data handling and privacy requirements, particularly relevant for executive contracts where sensitive personal and corporate information is involved.
Pensions Act 2008: Covers pension scheme arrangements and auto-enrollment requirements, important for structuring executive benefits packages.
Health and Safety at Work Act 1974: Defines workplace safety obligations and responsibilities, including executive's role in ensuring organizational compliance.
Financial Services Regulations: Including FCA/PRA requirements and Senior Managers Regime where applicable, particularly relevant for executives in financial services sector.
Corporate Governance Code: Best practice guidelines for corporate governance, particularly relevant for listed companies and senior executive positions.
Common Law Principles: Regarding restraint of trade and non-compete provisions, crucial for protecting company interests post-employment.
