Executive service agreement
Executive service agreement

The following Employment guidance note provides comprehensive and up to date legal information covering:

  • Executive service agreement
  • Parties
  • The Schedule [Bonus

BREXIT IMPACT: The drafting and enforcement of the applicable law (governing law) and jurisdiction clause in this Precedent may be affected by Brexit. For further information, see the drafting note to that clause.

This Agreement is made on [date]

Parties

  1. 1

    [Name of company], a company incorporated in England with registered number [number] whose registered office is at [address] (the Company); and

  1. 2

    [Name of employee], of [address] (you).

The parties agree:

  1. 1

    Definitions and interpretation

    1. 1.1

      In this Agreement the following expressions will, unless the context otherwise requires, have the meanings set opposite them:

    2. Basic Salary

      1. the meaning given to it in Clause 8.1;

      [Board

      1. [the directors of the Company present at a meeting (i) of directors of the Company or (ii) of a duly appointed committee of directors of the Company[, such meeting to be convened and quorate in accordance with the articles of association of the Company and the Companies Act 2006] OR the directors of the Company present at a meeting of directors of the Company[, such meeting to be convened