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Agreement With Managing Director Template for Singapore

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Key Requirements PROMPT example:

Agreement With Managing Director

"Need to draft an Agreement With Managing Director for our Singapore tech startup, including share options and international assignment clauses, as our new MD will split time between Singapore and our Jakarta office starting March 2025."

Document background
The Agreement With Managing Director is a crucial document used when appointing senior leadership in Singapore-based organizations. It serves as the primary contract defining the relationship between the company and its Managing Director, incorporating local regulatory requirements and corporate governance standards. This agreement typically includes detailed provisions about duties, compensation, equity participation, and termination rights, while ensuring compliance with Singapore's strict corporate and employment laws. It's particularly important for establishing clear accountability, protecting company interests, and providing security for both parties in the appointment.
Suggested Sections

1. Parties: Identification of the company and the Managing Director

2. Background: Context of appointment and basic company information

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Duration and nature of appointment

5. Duties and Responsibilities: Detailed scope of MD's role and obligations

6. Remuneration and Benefits: Compensation structure including salary, bonuses, and benefits

7. Confidentiality: Protection of company information

8. Termination: Conditions and process for ending the agreement

Optional Sections

1. Share Options: Details of any share option schemes - use when equity compensation is part of the package

2. International Assignments: Terms for overseas postings - use when company has international operations

3. Garden Leave: Terms for paid leave during notice period - use when protecting business interests during transition

4. Intellectual Property: IP rights and assignments - use when MD involved in creative/technical work

Suggested Schedules

1. Schedule 1: Remuneration Package: Detailed breakdown of compensation components

2. Schedule 2: Performance Metrics: KPIs and performance evaluation criteria

3. Schedule 3: Benefits Package: Detailed list of benefits and entitlements

4. Appendix A: Company Policies: Reference to relevant company policies and procedures

5. Appendix B: Share Option Details: Specific terms of any share option schemes

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
































Clauses

































Industries

Companies Act (Cap. 50): Primary legislation governing corporate entities in Singapore, covering directors' duties, fiduciary responsibilities, statutory obligations, and disclosure requirements

Employment Act (Cap. 91): Framework for employment relations, including basic terms, conditions, leave entitlements, and working hours, though some provisions may not apply to senior executives

Central Provident Fund Act (Cap. 36): Regulations regarding mandatory social security savings system, including CPF contribution requirements and applicable rates for employers and employees

Securities and Futures Act (Cap. 289): Regulations for listed companies, covering insider trading provisions and disclosure obligations for directors of public companies

Personal Data Protection Act 2012: Framework for data protection, governing the collection, use, disclosure, and care of personal data

Income Tax Act (Cap. 134): Tax legislation covering the treatment of compensation, benefits, and related reporting requirements

Competition Act (Cap. 50B): Legislation governing fair competition, relevant for non-compete clauses and trade restrictions in director agreements

Singapore Contract Law: Common law principles governing contract formation, enforcement, and interpretation under Singapore jurisdiction

Corporate Governance Code: Guidelines and principles for corporate governance best practices in Singapore companies

SGX Listing Rules: Regulations and requirements for listed companies on the Singapore Exchange, including director responsibilities and disclosures

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

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