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Director's Employment Contract

1. The Director's obligations

1.1 The Director is employed by the Company and the Director accepts the employment on the terms specified in this agreement starting from DATE.

1.2 The Director is appointed as TITLE and must, therefore, be responsible for:

ADD AND DESCRIBE RESPONSIBILITIES

1.3 The Director shall perform his duties in accordance with COUNTRY law, the Company’s Articles of Association, any standing orders and in accordance with any directions and instructions by the Board of the Directors or General Assembly.

1.4 The Director shall use the majority of his time and effort in carrying out his tasks and responsibilities in the Company. The Director shall not be compensated for any overtime.

1.5 The BOARD OF DIRECTORS/GENERAL ASSEMBLY may agree to authorize the Director to undertake other work - both voluntary and paid work.

2. Signing Powers

2.1 The Director may in the daily operations and with regards to his responsibilities act on behalf of the Company. The Director must always act in accordance with the Company’s Articles of Association, any standing orders and instructions. Large or extraordinary matters must be presented to the
BOARD OF DIRECTORS/GENERAL ASSEMBLY OR THE MANAGER OF THE DIRECTOR.

3. Remuneration

3.1 The Director is remunerated with ENTER AMOUNT per month. The salary is paid out ENTER WHEN SALARY IS PAID.
3.2 ANY OTHER CONDITIONS OF PAY

4. Employee benefits, travel and other expenses

4.1 The Company will pay the costs of:

FILL IN ANY GOODS OR EXPENSES THE COMPANY WILL PAY FOR

4.2 The tax consequences for the Director of the above is without concern of the Company.

5. Holidays

5.1 The Director is entitled to annual vacation of total [NUMBER] days with full pay during the holiday period.

5.2 Any accumulated or not used vacation cannot be transferred to the subsequent calendar year without further agreement between the Company and BOARD OF DIRECTORS/GENERAL ASSEMBLY.

6. Termination and Termination

6.1 This agreement may be terminated by the Company with NUMBER months' notice, to the end of a month and by the Director with NUMBER months' notice to the end of a month.

7. Illness

7.1 The Director is entitled to receive normal salary during periods of illness.

7.2 If the Director due to illness has been unable to carry out its work in a total period of NUMBER months within a period of NUMBER months, the Company is entitled to terminate the agreement with NUMBER months' notice to the end of a month.

8. Privacy and confidentiality

8.1 The Director is required to keep confidential all information about the Company's internal affairs, especially finances, business operations, clientele and staff. Such information shall not during his employment or thereafter be communicated to third persons if the information reasonably is to be assumed as confidential or trade secrets.

8.2 By termination of this agreement, the Director is required to return all materials that belong to the Company and any employee benefits. The Director is not entitled to exercise a lien of such material or benefits.

8.3 All ideas, inventions, changes, improvements, methods, formulas, codes, software, designs, recipes, materials, know-how, sketches, drawings, maps and other intellectual property rights, including all rights there that Director was involved with during his employment, belong to the Company without further payment.

8.4 The Director may not participate in consideration of issues of agreements between the Company and the Director himself or for questions about legal actions against the Director. The same applies to issues between the Company and a third party or legal action against third parties if the Director has a substantial interest therein that may be contrary to the interest of the Company. In such cases, the Director must inform the Board of Directors or the General Assembly.

9. Governing Law and Jurisdiction

9.1 This contract is governed by the law of COUNTRY.

9.2 Any dispute between the parties regarding this agreement will be initially resolved between the parties by amicable solution. If such solution cannot be found, the dispute shall then be settled by the courts of INSERT COURTS.

10. Hold harmless

10. The Company will hold harmless the Director from any claims, liabilities, lawsuits, of any sort whatsoever arising out of the Director’s performance of his/her role as the Company’s Director, including attorney fees and/or claims that may be asserted against his/her due to his/her function as the Company’s Director. This clause to hold harmless shall not apply if the Director is reasonably believed to have committed gross negligence, fraud or criminal activity.

11. Miscellaneous Provisions

11.1 In the event that the specific terms of this agreement and prior employment agreements conflict, this agreement shall supersede and be binding.

11.2 The content of this agreement is confidential.

11.3 If needed, the Director shall be registered as director with relevant authorities.

11.4 INSERT COURTS

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Disclaimer: This overview is for informational purposes only and cannot be counted as legal advice.

Ansvarsfraskrivelse: Denne oversigt er kun til orienteringsformål og kan ikke henregnes som juridisk rådgivning

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