tiktok³ÉÈË°æ

All Countries
Corporate Governance
Executive Director Employment Contract

Executive Director Employment Contract Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Executive Director Employment Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Executive Director Employment Contract

"I need an Executive Director Employment Contract for our newly appointed CFO of a Nigerian fintech company, with specific provisions for share options and performance-based bonuses, starting March 1, 2025."

Celebrated by
Collaborations with
Investors
Document background
The Executive Director Employment Contract is a specialized agreement used when appointing senior executives who will also serve as board members of Nigerian companies. This document is essential for establishing clear terms of engagement, responsibilities, and expectations for executive directors while ensuring compliance with Nigerian corporate and employment laws. It incorporates requirements from the Companies and Allied Matters Act (CAMA) 2020, the Nigerian Code of Corporate Governance 2018, and relevant employment legislation. The contract is particularly important for establishing clear lines of authority, protecting company interests, and defining executive compensation packages. It's commonly used during new appointments, renewals of existing contracts, or when promoting senior executives to board positions.
Suggested Sections

1. Parties: Identification of the company and the executive director

2. Background: Context of the appointment and any relevant corporate approvals

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Position, effective date, and duration of appointment

5. Duties and Responsibilities: Executive and director duties, reporting lines, and performance expectations

6. Time Commitment: Working hours, availability, and dedication requirements

7. Location: Primary work location and travel requirements

8. Remuneration: Base salary, bonuses, and review mechanisms

9. Benefits: Pension, health insurance, allowances, and other benefits

10. Leave Entitlements: Annual leave, sick leave, and other authorized absences

11. Confidentiality: Protection of company information and trade secrets

12. Intellectual Property: Ownership of work product and innovations

13. Non-Competition and Non-Solicitation: Post-employment restrictions

14. Termination: Grounds and procedures for ending the employment relationship

15. Company Policies: Compliance with corporate policies and procedures

16. Governing Law: Nigerian law application and jurisdiction

17. General Provisions: Standard boilerplate clauses including notices and amendments

Optional Sections

1. Share Options: Include if the executive is offered company shares or share options

2. Corporate Governance Requirements: Additional provisions for listed companies or regulated industries

3. International Travel: Specific provisions for roles requiring significant international travel

4. Multiple Directorships: Provisions regarding holding director positions in group companies

5. Performance Targets: Detailed KPIs and performance measurement criteria

6. Change of Control: Provisions addressing company ownership changes

7. Gardening Leave: Provisions for paid leave during notice period

8. Relocation Terms: Include if role requires relocation

Suggested Schedules

1. Schedule 1 - Remuneration Package: Detailed breakdown of salary, allowances, and benefits

2. Schedule 2 - Job Description: Detailed role responsibilities and performance expectations

3. Schedule 3 - Share Option Terms: Details of any share option or equity participation schemes

4. Schedule 4 - Company Policies: Key corporate policies applicable to the executive

5. Schedule 5 - Board Resolution: Copy of board resolution approving the appointment

6. Appendix A - Performance Metrics: Detailed KPIs and bonus calculation methodology

7. Appendix B - Benefits Summary: Comprehensive list of benefits and eligibility conditions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






































Clauses














































Relevant Industries

Banking and Financial Services

Manufacturing

Oil and Gas

Telecommunications

Fast-Moving Consumer Goods (FMCG)

Technology

Healthcare

Real Estate

Construction

Professional Services

Energy

Mining

Agriculture

Transportation and Logistics

Retail

Relevant Teams

Legal

Human Resources

Board of Directors

Corporate Secretariat

Compliance

Finance

Corporate Governance

Executive Management

Risk Management

Compensation and Benefits

Relevant Roles

Executive Director

Managing Director

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Chief Technology Officer

Chief Marketing Officer

Regional Director

Division Director

Executive Vice President

Group Executive Director

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

Find the exact document you need

Company Director Employment Contract

A Nigerian law-governed employment agreement establishing terms and conditions for a company director's appointment and service, including duties, remuneration, and statutory obligations.

find out more

Agreement Between Directors Of A Company

A legally binding agreement between company directors under Nigerian law, outlining their roles, responsibilities, and obligations in accordance with CAMA 2020.

find out more

Directors Contract Of Employment

A Nigerian law-governed employment agreement for company directors, establishing terms, conditions, and obligations of directorship.

find out more

Non Executive Director Service Agreement

A service agreement for Non-Executive Directors in Nigerian companies, compliant with CAMA 2020 and local corporate governance requirements.

find out more

Medical Director Contract Agreement

A Nigerian law-governed agreement establishing employment terms and conditions for a Medical Director, including clinical and administrative responsibilities in healthcare facilities.

find out more

Directors Service Contract

A comprehensive agreement governing the appointment and terms of service for company directors under Nigerian law.

find out more

Chief Executive Officer Employment Agreement

A Nigerian law-governed employment agreement establishing terms and conditions for a Chief Executive Officer's employment, including roles, compensation, and obligations.

find out more

Director Appointment Agreement

A Nigerian law-governed agreement establishing the terms and conditions for appointing a director to a company's board, in compliance with CAMA 2020.

find out more

Director Profit Sharing Agreement

A Nigerian law-governed agreement establishing profit sharing arrangements between a company and its director, including calculation methods and payment terms.

find out more

Directors Loan Agreement

A Nigerian law-governed agreement establishing terms for a loan between a company and its director, compliant with CAMA 2020 and related regulations.

find out more

Director Employment Agreement

A Nigerian law-governed agreement establishing employment terms and conditions for a company director, ensuring compliance with CAMA 2020 and local regulations.

find out more

Managing Director Contract Of Employment

A Nigerian law-governed employment contract for Managing Directors, establishing terms of appointment and compliance with CAMA 2020.

find out more

Nominee Director Agreement

A Nigerian law-governed agreement establishing the terms and conditions for a nominee director's appointment and duties, ensuring compliance with CAMA 2020 and related regulations.

find out more

Non Executive Director Agreement

A Nigerian law-governed agreement establishing the appointment terms and duties of a Non-Executive Director to a company's board.

find out more

Executive Director Employment Contract

A Nigerian law-governed employment contract for executive directors, combining employment terms with corporate governance requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.