EMPLOYMENT LAW FOR EMPLOYERS
Director’s Service Agreements
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Directors Service Agreements FAQs
What is a Director’s Service Agreement?
What should be in a Director’s Service Agreement?
• Compliance with Articles of Association
• Resignation provisions covering things like shares and share options, gardening leave and resignations from office
• Restrictions on things such as involvement in other businesses
• Obligations to admit any actual or potential conflict of interests to the board
They should be tailored to the specific needs of a business when hiring or appointing a director, with a level of detail that is not usually found in more basic forms of employment contract.
Are Director’s Service Agreements essential?
Is a Director’s Service Agreement a Contract of Employment?
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