Board Member Employment Contract

Document Type: DOCX

Number of Pages: 4

Price: KES 150
    

Summary

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 the company’s Board of Directors.

Key Components:
1. Parties to the Agreement
2. Appointment Clause
3. Roles and Responsibilities
4. Fiduciary Duties
5. Time Commitment
6. Remuneration and Benefits
7. Confidentiality Clause
8. Conflict of Interest Clause
9. Termination Conditions
10. Indemnity and Insurance
11. Code of Conduct and Company Policies
12. Dispute Resolution
13. Signatures

The purpose of this contract is to:
1. Define the roles, responsibilities, and expectations of a board member.
2. Ensure the board member understands their fiduciary duties and governance obligations.
3. Provide clarity on remuneration, tenure, confidentiality, and termination.
4. Protect the interests of the company by ensuring compliance with laws and board policies.

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

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