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General Manager Contract Of Employment
"Need a General Manager Contract of Employment for a Swiss fintech startup, including comprehensive IP protection clauses and a detailed variable compensation structure linked to company valuation, with planned start date of March 1, 2025."
1. Parties: Identification of the employer company and the general manager, including full legal names and addresses
2. Background: Brief context of the appointment and any relevant company information
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Position title, effective date, and whether fixed-term or indefinite duration
5. Duties and Responsibilities: Detailed description of the general manager's role, reporting lines, and key responsibilities
6. Place of Work: Primary workplace location and any mobility requirements
7. Working Time: Acknowledgment of executive status and expected time commitment
8. Remuneration: Base salary, payment frequency, and review process
9. Bonus and Variable Compensation: Performance-based compensation structure and conditions
10. Benefits and Insurance: Mandatory Swiss social security contributions, pension arrangements, and additional benefits
11. Expenses: Policy on business expense reimbursement
12. Vacation and Holidays: Annual leave entitlement and public holiday provisions
13. Illness and Accident: Sick pay entitlement and related procedures
14. Confidentiality: Protection of company confidential information
15. Intellectual Property: Ownership of work products and innovations
16. Data Protection: Handling of personal data in compliance with Swiss law
17. Termination: Notice periods and grounds for termination
18. Post-Termination Obligations: Return of company property and ongoing obligations
19. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
1. Non-Competition: Post-employment restrictions on competing activities, used when protecting business interests is crucial
2. Non-Solicitation: Restrictions on soliciting employees or customers, used to protect business relationships
3. Garden Leave: Provisions for placing the manager on paid leave during notice period, used when protecting business interests during transition
4. International Travel: Specific provisions for international work requirements, used when role involves significant travel
5. Share Options: Terms of any share option or equity participation schemes, used when offering equity incentives
6. Sign-on Bonus: One-time payment terms for joining, used for attracting key talent
7. Relocation Assistance: Support for relocating to Switzerland, used for international hires
8. Corporate Governance: Additional responsibilities related to board positions or company registration requirements, used for managers with board roles
9. Language Requirements: Specific language proficiency requirements, used when language skills are crucial
10. Secondary Activities: Provisions regarding outside business activities, used when allowing or restricting external engagements
1. Job Description: Detailed outline of responsibilities and performance expectations
2. Bonus Scheme: Detailed terms of variable compensation calculation and conditions
3. Benefits Package: Comprehensive list of benefits and related terms
4. Company Policies: Key company policies applicable to the general manager
5. Expense Policy: Detailed rules and procedures for business expense claims
6. Car Allowance Terms: Specific terms regarding company car or car allowance if provided
7. Share Option Scheme Rules: Detailed terms of any share option or equity participation
8. Insurance Coverage Details: Specifics of insurance coverage provided beyond mandatory requirements
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Senior Vice President
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