Director's Service Agreement

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This Director's Service Agreement covers all the required areas of an employment contract for a key board member. The contract also recognises that directors will have access to important commercial information and imposes further responsibilities on the them to prevent a conflict of interest.

Key clauses in this agreement include:

Definitions

Interpretation

Period of Service

Position

Place of Work

Schedules for hours of work and breaks as directed by the Chairman

Probationary Period

Salary and Profit Sharing

Assessments

Deductions

Expenses

Holidays

Sickness and Disability

Pension

Conflict of Interest

Intellectual Property

Notice

Restrictive Covenants

Policies

Grievance Procedure

Disciplinary Procedure

Severability

Retirement

Severability

Prior Agreements

Jurisdiction

Particulars of Employment

Schedule 1

Schedule 2

Amplification of Terms of Employment

Required Information