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Management Contract for Malta

Management Contract Template for Malta

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Management Contract

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Management Contract

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What is a Management Contract?

The Management Contract serves as a crucial legal instrument for companies operating under Maltese jurisdiction who wish to formally engage individuals in management positions. This document is essential when appointing senior personnel, directors, or key management figures, providing a detailed framework for the employment relationship while ensuring compliance with Maltese corporate and employment law. The agreement typically includes comprehensive provisions covering responsibilities, compensation, performance expectations, and protective clauses for both the company and the manager. It's particularly relevant for businesses seeking to establish clear governance structures and risk management frameworks, while also addressing specific requirements under Maltese legislation regarding employment terms, data protection, and corporate governance.

What sections should be included in a Management Contract?

1. Parties: Identification of the company and the manager, including full legal names and addresses

2. Background: Context of the appointment and brief description of the company's business

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Official appointment, position title, and duration of the contract

5. Duties and Responsibilities: Detailed description of the manager's role, authority, and reporting lines

6. Time Commitment: Expected working hours, availability, and any provisions for other activities

7. Location: Primary work location and travel requirements

8. Remuneration: Base salary, review mechanisms, and payment terms

9. Benefits and Expenses: Additional benefits, expense policies, and reimbursement procedures

10. Holidays and Leave: Vacation entitlement, public holidays, and other leave provisions

11. Confidentiality: Protection of company information and trade secrets

12. Intellectual Property: Ownership of work product and innovations

13. Non-Competition: Restrictions during and after employment

14. Termination: Grounds for termination, notice periods, and consequences

15. Post-Termination Obligations: Continuing duties and restrictions after contract end

16. Data Protection: Compliance with GDPR and Maltese data protection laws

17. Notices: Communication procedures between parties

18. Governing Law: Confirmation of Maltese law and jurisdiction

19. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

What sections are optional to include in a Management Contract?

1. Performance Bonus: Details of performance-based compensation, used when bonus schemes are part of the package

2. Equity Participation: Share options or other equity-based incentives, included for senior management positions

3. International Travel: Specific provisions for international assignments and travel, used when role requires significant international work

4. Group Structure Obligations: Additional duties related to group companies, used when manager has group-wide responsibilities

5. Corporate Governance: Specific governance obligations, required for regulated industries or listed companies

6. Training and Development: Professional development provisions, included for growing organizations or younger managers

7. Gardening Leave: Provisions for paid leave during notice period, used for sensitive positions

8. Change of Control: Provisions dealing with company ownership changes, important for senior positions

What schedules should be included in a Management Contract?

1. Schedule 1 - Position Description: Detailed outline of roles, responsibilities, and authority levels

2. Schedule 2 - Remuneration Package: Comprehensive breakdown of salary, benefits, and bonus structures

3. Schedule 3 - Company Policies: Key company policies applicable to the position

4. Schedule 4 - Restricted Activities: Detailed list of prohibited activities under non-compete provisions

5. Schedule 5 - Performance Metrics: KPIs and performance evaluation criteria

6. Schedule 6 - Approved External Appointments: List of pre-approved external commitments or directorships

7. Appendix A - Benefits Summary: Detailed description of all benefits and allowances

8. Appendix B - Expense Policy: Specific rules and procedures for expense claims

Authors

Alex Denne

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

Relevant legal definitions










































Clauses







































Relevant Industries

Financial Services

Technology

Manufacturing

Retail

Healthcare

Professional Services

Tourism and Hospitality

Real Estate

Transportation and Logistics

Education

Gaming and iGaming

Maritime

Construction

Telecommunications

Relevant Teams

Human Resources

Legal

Executive Leadership

Corporate Governance

Compliance

Operations

Finance

Administration

Company Secretarial

Relevant Roles

Chief Executive Officer

Managing Director

Chief Financial Officer

Chief Operating Officer

General Manager

Department Head

Regional Manager

Country Manager

Director of Operations

Executive Director

Senior Manager

Division Head

Branch Manager

Project Director

Business Unit Manager

Industries








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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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