Employment terms for a company director. Answer a few plain-English questions and Scorpia drafts the complete document for your situation, checks it with a second review pass, and shows you a free preview before you pay anything.
Draft my directors service contract — free preview →DIRECTOR'S SERVICE CONTRACT
__________ | __________ | Effective: __________
THIS SERVICE CONTRACT (the "Contract") is entered into on __________
BETWEEN:
(1) __________, a company incorporated in England and Wales with company number __________, whose registered office is at __________ (the "Company"); and
(2) __________ of __________ (the "Director").
TOGETHER referred to as the "Parties".
1. APPOINTMENT
(1.1) The Company appoints the Director, and the Director agrees to serve, as __________ of the Company with effect from __________.
(1.2) The Director's service under this Contract is subject to and conditional upon the Director not being prohibited or disqualified from acting as a director under the Company Directors Disqualification Act 1986, the Companies Act 2006 or any other applicable legislation.
(1.3) The Director warrants that by entering into and performing this Contract they will not be in breach of any obligation owed to any third party.
(1.4) This Contract replaces any previous agreement or arrangement between the Parties relating to the Director's appointment.
2. TERM
(2.1) Subject to earlier termination in accordance with this Contract, the appointment shall continue from __________ unless and until terminated by either Party giving not less than __________ months' written notice to the other.
(2.2) The Company reserves the right to pay the Director in lieu of all or any part of any notice period. If the Company exercises this right, the Director's employment will terminate on the date the Company notifies the Director, and the Company will pay the Director an amount equal to the basic salary (only) that the Director would have received during the unexpired notice period.
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The law of England and Wales by default; Scotland and Northern Ireland are available where the document type exists there. The drafting notes behind each template are kept current with UK law.
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