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Executive Management Employment Contract

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DOCX
Pages
4
Price: KES 150
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Document Overview

An Executive Management Employment Contract is a formal, legally binding agreement between a company or organization and a top-level employee—such as a Chief Executive Officer (CEO), Managing Director, Chief Financial Officer (CFO), Executive Director, or other C-suite professional—who is entrusted with strategic leadership and decision-making responsibilities.

Here are the typical components arranged in practical order:
1. Parties to the Agreement
2. Position and Reporting
3. Term of Employment
4. Probation Period
5. Duties and Responsibilities
6. Workplace and Travel
7. Working Hours and Availability
8. Remuneration and Benefits
9. Leave Entitlements
10. Performance Management
11. Confidentiality Clause
12. Intellectual Property Clause
13. Conflict of Interest Clause
14. Non-Compete and Non-Solicitation
15. Termination
16. Dispute Resolution
17. Governing Law
18. Signature and Witness

Purpose of the Executive Management Contract:
1. It outlines the executive's authority, reporting relationships (e.g., to the Board), and key deliverables for the organization.
2. It formalizes compensation, bonuses, stock options, executive perks, and other benefits based on performance.
3. It includes confidentiality, non-compete, and intellectual property clauses to safeguard sensitive data, trade secrets, and governance integrity.
4. It ensures compliance with Kenyan labor laws and clearly outlines procedures for termination, dispute resolution, and fiduciary duties.
5. The contract supports structured performance management and reinforces responsibility to shareholders, funders, or stakeholders.

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