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Employment Agreement for Managing Director
Answer the following questions to generate your customised document. Your document is provided to you in a Microsoft Word format, allowing you to make changes if you wish.
Company Details
*
What is the Name of the Company hiring the Managing Director?
Ensure that you put your office registered address, and not your mailing address.
*
What is the registered address of the company?
Managing Director Details
*
What is the name of the Managing Director who will be subject to this Agreement?
*
What is the Address of the Managing Director who will be subject to this Agreement?
Employment Details
*
Do you know what date will the Managing Director's employment commence?
Yes
No
Please specify date:
*
Will the Managing Director be employed for a predetermined period of time?
Yes
No
e.g. 'three (3) years from the commencement date of employment'
Please specify how long?
This Probationary period is for a period of 3 months
*
Will the Managing Director be required to work a probationary period during which termination can occur by either the Managing Director or the Company at 1 weeks notice?
Yes
No
*
Will the Managing Director's hours be flexible and subject to change during the course of employment?
Yes
No
*
Do you wish to indicate in this Agreement that the Managing Director will be reimbursed for approved expenses incurred during the course of employment?
Yes
No
This is the period of time for which the Executive
cannot
work for a competitor of the company
e.g. three (3)
*
For how long does the Company wish to restraint the Managing Director from working for a competitor?
months
years
e.g. 100
*
Within what area does the Company wish this restraint clause to operate?
km
This Clause is applicable for a 12 month period from the date of termination
*
Does the Company wish to prevent the Managing Director from soliciting other Managing Directors or employees of the Company to resign and take up employment with the Managing Director?
Yes
No
This Clause is applicable for a 12 month period from the date of termination
*
Does the Company wish to restrain the Managing Director from soliciting, approaching or inducing any customer or supplier of the Company to become a customer or supplier of a competitor?
Yes
No
*
How many weeks notice should be provided to terminate the employment?
weeks
e.g. four
If the company does have any other Policies a copy of the Policies and Procedures should be attached to the Agreement
*
Does the Company have other policies and/or procedures for the workplace?
Yes
No
*
How many weeks paid annual leave will the Managing Director be given annually?
eg. 4 weeks OR 1 month
*
Is the Managing Director entitled to a long service leave?
Yes
No
*
At what rate will the Chief Financial Officer be entitled to long service leave?
The Managing Director will be entitled to long service leave at the rate of ...
Duties & Responsibilities.
Would you like to include the following Duties & Responsibilities in the Agreement?
*
Managing the day to day operations of the Company, its people and resources.
Yes
No
*
Supervising the work of other managers, employees and senior executives.
Yes
No
*
Ensuring that the Company's structure and processes adequately fit the strategy and culture desired by the Board.
Yes
No
*
Ensuring the directors are provided with accurate and clear information in a timely manner to promote effective decision-making by the Board of Directors.
Yes
No
*
Ensuring that all material matters affecting the Company are brought to the attention of the Board of Directors.
Yes
No
*
Being accountable for planning, co-ordinating and directing the operation of the Company to achieve strategic, financial and operating objectives as agreed with the Board of Directors.
Yes
No
*
Formulating and recommending business and financial strategies and plans to develop the Company's business and to implement plans to achieve agreed performance targets.
Yes
No
*
Promoting the interests of the Company.
Yes
No
*
Faithfully and diligently performing the duties and exercising the powers consistent with a managing director and as assigned by the Board of Directors.
Yes
No
*
Are there any other Duties or Responsibilities you would like to add?
Yes
No
Please list duties here:
*
What will the Managing Director's annual salary be?
$
*
Will the salary include or exclude Superannuation
Includes Super
Excludes Super
*
How often with the Managing Director be paid?
Weekly
Fortnightly
Monthly
*
Will the Managing Director be paid a bonus?
Yes
No
Please specify here:
If you wish to enter into a Salary Sacrificing Arrangement a separate Salary Sacrificing Agreement will be required along with the insertion of this clause.
*
Do you wish to include a clause allowing the Managing Director to enter into a Salary Sacrificing Arrangement?
Yes
No