Director Service Agreement

The contract of employment for a director who works in the business day to day (an executive director). It combines the statutory written statement of employment particulars with the extra protections a company needs from a senior person: fiduciary duties, conflicts, confidentiality, intellectual property, garden leave, restrictive covenants and resignation from office when employment ends.

• When appointing a managing director, finance director or other working director
• When a founder-director becomes an employee of their company
• When updating an old or informal director’s contract

• Fill in pay, hours, notice and benefits, and complete Schedule 1
• Choose the options in the bonus, pension, holiday and sickness clauses
• Approve the agreement at a board meeting the director does not vote at, and minute it
• Sign as a deed (because of the power of attorney) and keep a copy at the registered office