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The Managing Director Contract Of Employment is a specialized agreement used in the Netherlands for appointing senior executives who will serve as statutory directors (statutair directeur) of Dutch companies. This document is essential when appointing managing directors who hold both corporate and employment responsibilities under Dutch law. It's particularly important as it must comply with both Dutch corporate law requirements (including the Dutch Civil Code Book 2) and employment legislation, addressing the unique dual status of managing directors in the Netherlands. The contract typically comes into play during new appointments, corporate restructuring, or when updating terms for existing directors to ensure compliance with current legislation. It must balance corporate governance requirements, shareholder interests, and employee protections while including specific provisions for remuneration, duties, and termination conditions.

1. Parties: Identification of the company and the managing director, including formal registration details

2. Background: Context of the appointment, including corporate structure and any relevant shareholder resolutions

3. Definitions: Key terms used throughout the agreement, including corporate titles and governance bodies

4. Appointment and Position: Formal appointment as managing director, scope of duties, and corporate responsibilities

5. Term and Notice Period: Duration of appointment and notice requirements for termination

6. Duties and Responsibilities: Detailed description of executive duties, reporting lines, and corporate governance obligations

7. Time Commitment and Exclusivity: Working hours, location, and restrictions on other business activities

8. Remuneration: Base salary, bonuses, and other financial benefits

9. Holiday and Leave: Vacation entitlement and other leave provisions

10. Illness and Incapacity: Sick leave terms and long-term disability provisions

11. Expenses: Business expense reimbursement policy and procedures

12. Confidentiality: Protection of company information and trade secrets

13. Intellectual Property: Ownership and assignment of IP created during employment

14. Post-Termination Restrictions: Non-compete and non-solicitation clauses

15. Termination: Grounds for termination and consequences

16. Company Property: Return of company assets upon termination

17. Data Protection: GDPR compliance and personal data processing

18. Governing Law: Confirmation of Dutch law application and jurisdiction