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Executive Director Agreement
"I need an Executive Director Agreement for a Series B tech startup, with strong IP protection clauses and equity compensation structure including both stock options and RSUs, to be effective from March 1, 2025."
1. Parties: Identifies the company and the executive 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 position, effective date, and duration
5. Duties and Responsibilities: Scope of executive director's role and obligations
6. Compensation and Benefits: Salary, bonuses, equity, and other benefits
7. Termination: Circumstances and procedures for ending the agreement
8. Confidentiality: Protection of company's confidential information
1. Non-Competition: Restrictions on competing activities (include when protecting company's market position is crucial)
2. Intellectual Property: Ownership of created works and innovations (include when role involves creation of IP)
3. Change of Control: Provisions relating to company ownership changes (include for public companies or those planning exit events)
4. International Travel: Terms for overseas work (include when role involves international responsibilities)
1. Schedule A - Compensation Details: Detailed breakdown of salary, bonuses, and benefits
2. Schedule B - Job Description: Detailed outline of roles and responsibilities
3. Schedule C - Company Policies: Key corporate policies applicable to the role
4. Schedule D - Stock Option Plan: Details of any equity compensation (if equity is part of compensation)
5. Schedule E - Performance Metrics: KPIs and performance evaluation criteria
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