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The Director Employment Contract is a crucial document used when appointing executive directors to a company's board in Hong Kong. It serves as both an employment agreement and a governance document, establishing the framework for the director's role, responsibilities, and relationship with the company. This document is essential for compliance with the Hong Kong Companies Ordinance and Employment Ordinance, particularly in establishing clear terms of service, remuneration, and duties. It includes specific provisions for protecting company interests through confidentiality clauses, restrictive covenants, and intellectual property assignments, while also ensuring the director's rights and benefits are properly documented. The agreement is typically used for both new appointments and renewals of director positions, and can be customized based on whether the director holds multiple roles within a group structure.

1. Parties: Identification of the company and the director, including their respective addresses and company registration/identification details

2. Background: Context of the appointment, including any relevant corporate approvals and conditions precedent

3. Definitions: Key terms used throughout the agreement, including 'Board', 'Confidential Information', 'Group', etc.

4. Appointment and Term: Details of the director position, capacity of appointment (executive/non-executive), and duration of appointment

5. Duties and Responsibilities: Core responsibilities as both director and employee, reporting lines, and performance expectations

6. Time Commitment: Working hours, availability requirements, and provisions regarding other appointments/commitments

7. Remuneration: Base salary, bonuses, review periods, and payment terms

8. Benefits: Standard benefits package including insurance, MPF, leave entitlements, and expense reimbursement

9. Location and Travel: Primary work location and travel requirements

10. Confidentiality: Protection of company information during and after employment

11. Intellectual Property: Ownership and protection of IP created during directorship

12. Restrictive Covenants: Non-compete, non-solicitation, and other post-termination restrictions

13. Termination: Grounds for termination, notice periods, and consequences of termination

14. Company Policies: Compliance with company policies and procedures

15. Governing Law: Hong Kong law as governing law and jurisdiction