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Directors Service Agreement
"I need a Directors Service Agreement for appointing a new independent director to our fintech company's board, with specific provisions for handling cryPTOcurrency assets and quarterly board meeting attendance requirements starting March 2025."
1. Parties: Identification of the Company and the Director
2. Background: Context of appointment and basis of agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Appointment and Term: Duration and nature of directorship
5. Duties and Responsibilities: Core obligations and scope of director's role
6. Remuneration and Benefits: Compensation structure including salary, fees, and benefits
7. Confidentiality: Protection of company information
8. Termination: Circumstances and procedures for ending the agreement
1. Share Options: Terms of any share option schemes - include when director is offered equity compensation
2. Insurance and Indemnity: Directors' and Officers' liability coverage - include when company provides D&O insurance
3. External Interests: Rules regarding other directorships/business interests - include when director has other business commitments
4. Intellectual Property: Ownership of IP created during directorship - include when director involved in creative/technical work
1. Schedule 1: Remuneration Details: Detailed breakdown of compensation package
2. Schedule 2: Position Description: Detailed role and responsibilities
3. Schedule 3: Company Policies: Key corporate policies applicable to directors
4. Appendix A: Board Charter: Board governance guidelines and procedures
5. Appendix B: Conflict of Interest Policy: Detailed procedures for handling conflicts
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