A Directors Service Agreement is a contract of employment between a Director and a private limited company. This is an executive employment agreement that regulates the relationship between the Director and the Company and sets out matters which are required to be dealt with by employment law.
This contract includes normal employment terms (such as pay, holidays, pensions) as well as those terms more applicable to company directors such as company cars, shareholdings and confidentiality.
This Directors Service Agreement is suitable for use in England, Scotland and Wales and includes the following clauses:
- duties and responsibilities
- holiday entitlement
- motor car
- sickness absence
- intellectual property
- bribery and corruption
- restrictions after termination.