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Executive Director Employment Contract
"I need an Executive Director Employment Contract for our newly appointed CEO who will be joining from a competitor in March 2025; we're a fintech company listed on SGX and need to ensure comprehensive non-compete provisions and share option schemes are included."
1. Parties: Identification of the Company and the Executive Director
2. Background: Context of appointment and brief company description
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Position title, effective date, and duration of appointment
5. Duties and Responsibilities: Core executive and director duties, reporting lines, and authority
6. Remuneration: Base salary, bonuses, equity compensation, and review mechanisms
7. Benefits: Standard benefits package including insurance, CPF contributions
8. Termination: Grounds for termination, notice periods, and consequences
9. Confidentiality: Protection of company confidential information
10. Intellectual Property: Ownership of work product and innovations
1. Garden Leave: Terms for paid leave during notice period - used when company wants ability to keep director away from business during notice period
2. International Assignment: Terms for overseas postings - applicable for multinational companies with global operations
3. Change of Control: Special provisions triggered by company ownership changes - relevant for listed companies or companies likely to be acquired
4. Share Options: Details of share option schemes - included when equity compensation is part of package
1. Job Description: Detailed outline of roles and responsibilities
2. Remuneration Schedule: Detailed breakdown of compensation components
3. Benefits Schedule: Detailed description of benefits package
4. Share Option Scheme Rules: Terms and conditions of share options if applicable
5. Company Policies: Key corporate policies the director must comply with
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