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Director Employment Contract
"Need a Director Employment Contract for our new Technical Director joining our software company in March 2025, including stock options and relocation package from Seattle to our Boston office, with specific emphasis on IP protection clauses."
1. Parties: Identifies the company and the director entering into the agreement
2. Background: States the context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Details of the director's role and duration of appointment
5. Duties and Responsibilities: Outlines the director's key duties, obligations, and authority
6. Compensation: Base salary, bonuses, and other financial benefits
7. Termination: Conditions and procedures for ending the employment relationship
8. Confidentiality: Protection of company information and trade secrets
1. Equity Compensation: Stock options and share-based compensation provisions, applicable when offering equity-based compensation
2. Change in Control: Provisions governing situations involving company ownership changes, particularly relevant for public companies or those planning IPO/sale
3. Non-Compete: Restrictions on post-employment competition, to be included where permitted by state law and necessary for business protection
4. Relocation: Terms related to geographical movement and relocation requirements, included when position requires relocation
1. Schedule A - Compensation Details: Detailed breakdown of all compensation elements including base salary, bonuses, and other financial benefits
2. Schedule B - Benefits Package: Comprehensive list of benefits and perquisites provided to the director
3. Schedule C - Stock Option Plan: Details of any equity compensation arrangements and stock option terms
4. Appendix A - Position Description: Detailed outline of role, responsibilities, and expectations of the director position
5. Appendix B - Corporate Policies: Key company policies applicable to the director's role and responsibilities
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