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Directors Service Agreement

Contract outlining terms of service between a director and company.

Word and PDF formats
file_type_word
Average time to complete
6 minutes
Date last updated by lawyer
06/10/2023
Average user rating score
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What Is a Director’s Service Agreement?

This agreement often includes details about remuneration, benefits, and any bonuses or stock options awarded to the director. It also outlines termination conditions, notice periods, and any severance arrangements in the event of the director's contract being ended.

Additionally, the Director's Service Agreement may contain confidentiality clauses, non-compete clauses, and restrictions related to post-termination activities. It ensures both parties understand their obligations and provides legal protection for the company and the director.

Who Should Use a Director’s Service Agreement?

A Director's Service Agreement should be used by companies hiring an individual to serve as a director on their board. This document outlines the director's duties, responsibilities, and terms of employment.

Other Names

Director's Employment AgreementDirector's Contract of ServiceDirector's Service ContractExecutive Director's AgreementDirector's Employment Contract

Applicability

England flagWales flagEngland and WalesNorthern Ireland flagNorthern IrelandScotland flagScotland

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