template

Standard Directors Service Agreement

by
Genie Team
Genie Team
Oct, 10 2023

When to use this template

A Standard Directors Service Agreement under UK law is a legal template that outlines the rights, duties, and responsibilities of a company director in the United Kingdom. It establishes a formal agreement between the company and the director, setting out the terms and conditions of employment and the expectations of both parties.

This template covers various aspects related to the director's service, including the duration of the agreement, the scope of responsibilities and authority, remuneration structure, working hours, annual leave entitlements, notice periods for termination, and confidentiality obligations. It also includes provisions for any additional benefits, such as pension schemes or share option arrangements.

Furthermore, the template may address certain legal clauses specific to directorship, such as conflicts of interest, non-competition clauses, intellectual property rights, and restrictive covenants. These clauses ensure the director's compliance with legal and ethical standards while safeguarding the company's interests.

The Standard Directors Service Agreement is designed to provide clarity and transparency between the company and the director, ensuring both parties have a mutual understanding of their rights and obligations. By utilizing this template, companies can establish a consistent framework for directors' appointments, allowing for efficient decision-making, accountability, and effective corporate governance.

Key issues covered in this template

  • Anti-bribery compliance
  • Conflict of interest
  • Garden leave
  • Insurance policy
  • Position and reporting
  • Refusal of insurance
  • Reimbursing fuel costs
  • Restricted business
  • Return property
  • Solicitation
  • N/A

What to watch out for

134

Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

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+8 more
Consultancy
19%
Technology
12%
Legal Services
9%
Finance
8%
Other
8%
Media
7%
Education
5%
Construction
4%
Manufacturing
4%
Real Estate
4%
Sport & Entertainment
4%
Consumer, Public & Health Services
4%
Agriculture, Forestry and Fishing
3%
Retail
3%
Wholesale
2%
Energy
2%
Transport
1%
Insurance
1%

Additional information

Business categories

Business activities

Contract type

Relevant sectors

Agriculture, Forestry and Fishing

Mining

Construction

Transport

Wholesale

Manufacturing

Energy

Retail

Finance

Real Estate

Consumer, Public & Health Services

Media

Insurance

Legal Services

Education

Technology

Sport & Entertainment

Consultancy

Public Administration

Other

Relevant company sizes

1 - 3

20 - 49

250 - 999

4 - 19

50 - 249

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes