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Interim Management Contract
"I need an Interim Management Contract for a CFO position at our Hong Kong-based fintech company, starting March 2025, with specific provisions for handling sensitive financial data and potential IPO preparation."
1. Parties: Identification of the company and the interim manager (either as individual or through management company)
2. Background: Context of the appointment, including the circumstances necessitating interim management
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Scope of appointment, duration, and renewal/extension provisions
5. Duties and Responsibilities: Detailed outline of the interim manager's role, authorities, and deliverables
6. Time Commitment: Expected working hours, availability, and flexibility requirements
7. Remuneration: Fee structure, payment terms, and any performance-related components
8. Expenses: Policy on reimbursable expenses and approval process
9. Reporting Requirements: Reporting structure, frequency, and format of updates
10. Confidentiality: Protection of company information and trade secrets
11. Intellectual Property: Ownership of work product and pre-existing IP
12. Termination: Grounds for termination, notice periods, and consequences
13. Post-Termination Obligations: Continuing obligations after contract end
14. General Provisions: Standard legal clauses including governing law, notices, and entire agreement
1. Non-Competition: Restrictions on working with competitors, used when interim manager has access to sensitive strategic information
2. Insurance: Professional indemnity and other insurance requirements, relevant for high-risk roles
3. Performance Metrics: Specific KPIs and evaluation criteria, useful for performance-linked compensation
4. Transition Provisions: Handover requirements to permanent management, important for planned succession
5. Share Options/Equity: Any equity-based compensation, relevant for longer-term engagements
6. Multiple Engagement Protection: Provisions for managing multiple client engagements, relevant when interim manager serves multiple clients
7. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
8. Data Protection: Specific data handling requirements, necessary when dealing with personal data
1. Schedule 1: Services Description: Detailed scope of services and deliverables
2. Schedule 2: Fee Structure: Detailed breakdown of fees, payment intervals, and any variable components
3. Schedule 3: Key Performance Indicators: Specific metrics for measuring performance
4. Schedule 4: Company Policies: Relevant internal policies the interim manager must comply with
5. Schedule 5: Reporting Template: Standard format for progress reports and updates
6. Appendix A: Powers of Attorney: Specific management powers granted to the interim manager
7. Appendix B: Handover Documentation: Template for transition documentation
8. Appendix C: Expense Policy: Detailed guidelines on allowable expenses and claiming procedures
Authors
Financial Services
Technology
Manufacturing
Retail
Healthcare
Professional Services
Real Estate
Construction
Education
Hospitality
Logistics
Energy
Telecommunications
Human Resources
Legal
Finance
Operations
Executive Management
Board of Directors
Company Secretariat
Compliance
Risk Management
Project Management Office
Business Development
Strategy
Interim CEO
Interim CFO
Interim COO
Interim CTO
Interim HR Director
Interim Operations Director
Interim Project Director
Interim Finance Director
Interim Managing Director
Interim General Manager
Interim Department Head
Interim Division Manager
Interim Transformation Director
Interim Restructuring Manager
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