Managing Director Employment Contract

Document Type: DOCX

Number of Pages: 4

Price: KES 150
    

Summary

A Managing Director Employment Contract is a formal legal agreement between a company and an individual appointed as its Managing Director (MD).

Here is a breakdown of typical elements included in the contract:
1. Parties to the Agreement
2. Job Title and Appointment
3. Term of Employment
4. Duties and Responsibilities
5. Place of Work and Travel
6. Working Hours and Availability
7. Remuneration
8. Leave Entitlements
9. Performance Evaluation
10. Confidentiality
11. Conflict of Interest
12. Intellectual Property
13. Non-Compete and Non-Solicitation
14. Termination Clause
15. Return of Company Property
16. Dispute Resolution
17. Governing Law
18. Signatures

Purpose of a Managing Director Employment Contract:
1. It specifies the MD's leadership role, reporting line to the Board, and control over company operations and personnel.
2. It aligns with Kenya’s employment, tax, and corporate laws to protect both the company and the MD.
3. It outlines salary, performance bonuses, allowances, benefits, and equity (if applicable).
4. Through clauses on confidentiality, conflict of interest, and non-compete, it secures sensitive company information and goodwill.
5. It outlines how and when either party can terminate the relationship and the rights and obligations post-exit.

Order for an editable sample template here on Sheriaplex.

Below is the document preview. Buy to get the document sent.

  • Managing-Director-Employment-Contract_1000_0.jpg

This is the end of this document preview. Buy to get the document sent.


Disclaimer: This document is not to be taken as legal advise.

Related Documents


  • Board Member Employment Contract

    A Board Member Employment Contract (also known as a Board Appointment Letter or Board Service Agreement) is a formal agreement between a company and an individual appointed to serve as a Director on...

  • Board Chairperson Employment Contract

    A Board Chairperson Employment Contract is a formal legal agreement between a company and an individual appointed to serve as the Chairperson of the Board of Directors. Key Components: 1. Title...

  • Acting Appointment Employment Agreement

    An Acting Appointment Employment Agreement is a formal written contract issued by an employer to an existing employee who is being temporarily assigned to perform the duties of a higher or vacant...

  • Temporary Replacement Employment Contract

    A Temporary Replacement Employment Contract is a formal agreement between an employer and an employee hired to fill in for another employee who is temporarily unavailable, such as due to maternity...

  • Maternity Leave Relief Employment Contract

    A Maternity Leave Relief Employment Contract is a fixed-term employment agreement used to temporarily hire a person to fill in for an employee who is on maternity leave. Key...

  • Parental Leave Return Employment Contract

    A Parental Leave Return Employment Contract is a formal agreement between an employer and an employee who is resuming work after taking parental leave (maternity, paternity, or adoption leave)....

  • Retirement Transition Employment Contract

    A Retirement Transition Employment Contract is a formal agreement between an employer and an employee who is approaching or has reached retirement age, but is being retained on a temporary, part-time,...

  • Succession Planning Employment Contract

    A Succession Planning Employment Contract is a formal agreement between an employer and an employee that outlines the terms of employment related to leadership or key-role transition. Key...

  • Job Rotation Employment Agreement

    A Job Rotation Employment Agreement is a formal document that outlines the terms and conditions under which an employee is temporarily assigned to different roles, departments, or locations within the...

  • Talent Mobility Employment Contract

    A Talent Mobility Employment Contract is a formal agreement between an employer and an employee that governs internal redeployment, role transitions, or cross-functional assignments within the same...

  • Leadership Development Employment Contract

    A Leadership Development Employment Contract is a formal agreement between an employer and an employee who is being enrolled in a structured leadership development program. Key Components of a...

  • Graduate Apprenticeship Employment Contract

    A Graduate Apprenticeship Contract is a formal agreement between an employer and a recent graduate, where the graduate is engaged in a structured, work-based learning program. Key Components of a...

  • Part-Time Faculty Employment Contract

    A Part-Time Faculty Employment Contract is a formal agreement between an educational institution (such as a university, college, or TVET center) and an academic staff member hired to teach on a...

  • Sabbatical Leave Agreement

    A Sabbatical Leave Agreement is a formal contract between an employer and an employee that outlines the terms under which the employee is granted extended leave from active duty—typically for purposes...

  • Job Sharing Employment Contract

    A Job Sharing Employment Contract is a formal agreement between an employer and two employees who jointly occupy and perform the duties of one full-time job. Key Components of a Job Sharing...

  • Casual Labor Employment Contract

    A Casual Labor Employment Contract is a short-term, day-to-day agreement between an employer and a worker to perform work that is occasional, irregular, or not permanent, with payment made at the end...

  • Piece-Work Employment Contract

    A Piece-Work Employment Contract is an agreement where a worker is paid per unit of output or task completed, rather than by the hour, day, or month. Key Components of a Piece-Work Employment...

  • Project-Based Employment Contract

    A Project-Based Employment Contract is a fixed-term agreement between an employer and an employee, where the employment is tied to the duration and scope of a specific project. Key Components of...

  • Shift Work Employment Agreement

    A Shift Work Employment Agreement is a legally binding contract between an employer and an employee outlining the terms of employment for roles that require working in scheduled shifts—which may...

  • Flexible Work Hours Employment Contract

    A Flexible Work Hours Employment Contract is a formal agreement between an employer and an employee that allows the employee to work outside traditional 8:00 a.m. – 5:00 p.m. schedules, as long as...

  • Weekend Work Employment Contract

    A Weekend Work Employment Contract is a formal agreement between an employer and an employee where the employee is hired to work exclusively or primarily on weekends—typically Saturdays and Sundays....

  • Night Shift Employment Contract

    A Night Shift Employment Contract is a formal agreement between an employer and an employee where the employee is hired to work during nighttime hours—typically between 6:00 p.m. and 6:00 a.m.....

  • Hybrid Work Employment Agreement

    A Hybrid Work Employment Agreement is a legally binding contract between an employer and an employee that formalizes a work arrangement combining remote (off-site) and in-office work. Key...

  • Disability Accommodation Employment Contract

    A Disability Accommodation Employment Contract is a legally binding agreement between an employer and an employee living with a disability. Key Components of a Disability Accommodation Employment...

  • Retirement Rehire Employment Agreement

    A Retirement Rehire Employment Agreement is a formal contract between an employer and a retired employee who is being re-engaged to work after retirement. Key Components of a Retirement Rehire...

  • Board Advisor Employment Contract

    A Board Advisor Employment Contract is a formal agreement between a company (or organization) and an individual engaged to serve as a non-executive advisor to the board of directors or leadership...

  • Contract Extension Addendum Template

    A Contract Extension Addendum Agreement is a formal legal document used to extend the duration or modify certain terms of an existing contract without replacing the entire original agreement. Key...

  • Secondment Employment Contract

    A Secondment Employment Contract is a formal agreement in which an employee is temporarily assigned by their current employer (the "Seconder") to work for another organization or department (the...

  • Board Advisor Employment Contract

    A Board Advisor Employment Contract is a formal agreement between a company (or organization) and an individual engaged to serve as a non-executive advisor to the board of directors or leadership...

  • Multi-Employer Employment Agreement

    A Multi-Employer Employment Agreement is a formal contract where two or more employers jointly engage an employee to perform services for their mutual benefit. Key Components of a Multi-Employer...

  • A Sample of Government Attachment Agreement

    A Government Attachment Employment Agreement is a formal document used by Kenyan government ministries, departments, or agencies to outline the terms under which an individual—typically a student,...

  • International Posting Employment Contract

    An International Posting Employment Contract is a formal agreement between a Kenyan employer and an employee who is assigned to work in a foreign country for a defined period. Key Components of...

  • Returnee Employment Contract

    A Returnee Employment Contract is a formal employment agreement designed for Kenyan nationals or residents returning from abroad—often after studying, working, or living in the diaspora. Key...

  • Family Business Employment Contract

    A Family Business Employment Contract is a legally binding agreement that defines the terms and conditions under which a family member is employed within a family-owned business. Key Components of...

View all documents