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Employment Agreement for Managing Director

Employment Agreement for Managing Director
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This is a common law employment agreement for a Managing Director which includes a Schedule of formal Duties and a Schedule which sets out the remuneration package with bonus, if applicable.

As well as contractual duties, an employee owes a duty of fidelity and good faith to his/her employer as well as "certain duties of confidentiality". However these duties end on cessation of employment.

An employee may compete with his/her former employer after the employment has ended unless there is a restrictive covenant/restraint of trade agreement in place prior to the employee leaving the employment. This agreement includes a provision for a restrictive covenant/restraint of trade.

This employment agreement contains the following provisions:

1. Engagement
2. Probation period
3. Managing Director's obligations
4. Remuneration
5. Hours of work
6. Public holidays
7. Annual leave
8. Long service leave
9. Sick leave
10. Bereavement leave
11. Parental leave
12. Unpaid leave
13. Expenses
13. Jury Service
14. Alcohol and Drugs
15. Termination of employment
16. Health & Safety
17. Resolution of Disputes and Grievances
18. Confidentiality and trust
19. Intellectual property
20. Restructuring of the Company's Business
21. Policies and procedures
22. Independent legal advice
23. Whole agreement
SCHEDULE of Duties

 
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