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Interim Management Contract
"Need an Interim Management Contract for a senior finance executive who will manage our Singapore subsidiary's restructuring for 6 months starting March 2025, with specific KPIs around cost reduction and team reorganization."
1. Parties: Identification of contracting parties including company and interim manager details
2. Background: Context of the interim management appointment and business situation
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Scope of appointment, duration, and renewal terms
5. Duties and Responsibilities: Detailed description of interim manager's role and deliverables
6. Remuneration and Benefits: Compensation structure, payment terms, and benefits
7. Termination: Conditions for contract termination and notice periods
8. Confidentiality: Protection of company information and trade secrets
1. Performance Metrics: Specific KPIs and success criteria when deliverables or targets are crucial to the role
2. International Assignment Provisions: Terms specific to cross-border assignments when interim manager is relocating from another country
3. Stock Options/Equity: Terms of any equity-based compensation when equity forms part of the compensation package
4. Succession Planning: Handover and knowledge transfer requirements when role includes preparing for permanent replacement
1. Schedule of Duties: Detailed list of responsibilities and expectations
2. Compensation Schedule: Detailed breakdown of compensation components
3. Performance Metrics Schedule: Detailed KPIs and measurement criteria
4. Company Policies: Relevant internal policies and procedures
5. Required Disclosures: Declarations of interests and potential conflicts
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