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GNED by [EMPLOYEE] ) .......................................... 17 DATED 20 [NAME OF EMPLOYER] and [NAME OF EMPLOYEE] SERVICE AGREEMENT in writing signed by the parties (and in the case of the Company by a director of the Board). SIGNED by duly authorised for and on behalf of [COMPANY] ) ) ) .................................... SInts (if any) relating to 16 the employment of the Executive by the Company (which shall be deemed to have been terminated by mutual consent). 29.5 Any variation or addition to this Agreement shall beect any right of remedy which exists or is available apart from that Act. 29.4 This Agreement contains the entire understanding between the parties and supersedes all previous agreements and arrangemerovided in this clause, a person which is not a party to this Agreement has no rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Agreement but this does not aff Group Company, such company may enforce any terms which confer such rights or benefits subject to an in accordance with the provisions of the Contracts (Rights of Third Parties) Act 1999. Except as pce with the laws of England; 29.2 The parties to this Agreement submit to the exclusive jurisdiction of the English courts; 29.3 To the extent that this Agreement confers and rights or benefits on anynot be in breach of any expressed or implied terms of any contract with or any obligation to any third party. 29. MISCELLANEOUS 29.1 This Agreement is governed by and shall be construed in accordane Company for this purpose and in the case of the Company at its registered office for the time being. 28. WARRANTY The Executive warrants that by virtue of entering into this Agreement he/she will is to be served in the case of notice to the Executive at the address of his/her principal place of work with the Company or such other address as he/she may from time to time notify in writing to thitted to be given under this Agreement shall be in writing and shall be served by delivering the same personally or by hand or by sending the same by first class pre-paid post to the party on which itthe wording thereof were deleted or the periods thereof reduced they shall apply with such modifications as may be necessary to make them valid and effective. 27. NOTICES Any notice required or permbecause of changing circumstances and accordingly if any of the restrictions shall be adjudged to be void or ineffective for whatever reason but would be adjudged to be valid and effective if part of n is necessary for the protection of the interests of the 15 Company and Group Companies and reasonable in all the circumstances, it is acknowledged that restrictions of such a nature may be invalid te and independent restriction on him/her; and 26.2.2 whilst at the date of this Agreement the duration, extent and application of each of the restrictions are considered by the parties no greater tha or any Group Company and such discussions had not definitively ceased. 26.2 The Executive acknowledges: 26.2.1 that each of the restrictions contained in sub clause 26.1 constitute an entirely separaer office or employment. For the purposes of this clause a prospective client or customer shall mean a person or entity which had, at the date of termination, entered into discussions with the Companye year preceding termination a client or customer or prospective client or customer of the Company or any Group Company and with which he/she had dealings during the year prior to termination of his/hloyment. 26.1.4 For [six months] use his/her knowledge of the business requirements of or canvass seek or solicit business from or deal with any person firm or corporation who is at any time during thwhich is wholly or partly in competition with any business then carried on by the Company or any Group Company with which he/she was concerned in the year prior to termination of his/her office or empny and with whom he/she had dealt during the year prior to termination of his/her office or employment. 26.1.3 For [six months] be engaged concerned or interested in or provide advice to any business ny Group Company or solicit the employment or engagement in office of any person who is a senior employee (defined by the Company as [client to define key employees]) of the Company or any Group Compas acting on behalf of the Company or any Group Company or in any way seek to utilise the goodwill of the Company or any Group Company. 26.1.2 For [six months] seek to entice away from the Company or athin the UK: 26.1.1 Represent himself/herself, or permit himself/herself to be represented, as being connected with or successor to the Company or any Group Company or their respective businesses or a time a director or 14 other officer. 26. POST TERMINATION RESTRICTIONS 26.1 Following termination the Executive will not (directly or indirectly without the prior written consent of the Board) wiised to appoint some person in his/her name and on his/her behalf to sign and deliver such resignation or resignations to the Company and to any Group Company of which the Executive is at the materialm/her in all Group Companies as may be so requested without claim for compensation for having ceased to be a director. In the event of his/her failure so to do the Company is hereby irrevocably author UPON TERMINATION Upon the termination of this Agreement, the Executive shall at the request of the Company immediately resign from office as a director of the Company and from such offices held by hid mind or a patient under the Mental Health Act 1983; or 24.1.7 if the Executive resigns as a director of the Company otherwise than at the request of the Company. 25. RESIGNATION FROM DIRECTORSHIPS a fine or non-custodial penalty is imposed); or 24.1.5 if the Executive becomes prohibited by law from holding the office of director in any company; or 24.1.6 if the Executive shall become of unsounf arrangement with his/her creditors; or 24.1.4 if the Executive is convicted of any criminal offence (other than an offence under road traffic legislation in the United Kingdom or elsewhere for whichany of the stipulations contained in this Agreement; or 24.1.3 if the Executive has an interim receiving order made against him/her, becomes bankrupt or makes any composition or enters into any deed o default or misconduct in connection with or affecting the business of the Company or any Group Company; or 24.1.2 in the event of any serious or repeated breach or non-observance by the Executive of ployment of the Executive may be terminated by the Company without notice or payment in lieu of notice and without liability for compensation or damages: 24.1.1 if the Executive is guilty of any grosser as it considers appropriate. There is no avenue of appeal against a decision relating to a disciplinary matter or a grievance made by the Board. 24. SUMMARY TERMINATION OF EMPLOYMENT 24.1 The em grievance of the Executive in respect of his/her employment should be 13 directed in writing with all relevant details to the Board who shall promptly investigate and determine the same in such mann [65]. 23. DISCIPLINARY AND GRIEVANCE PROCEDURE There are no specific disciplinary rules applicable to this appointment and all disciplinary matters will be decided and implemented by the Board. Anynto the public domain otherwise than as a result of any breach of this Agreement by the Executive. 22. NORMAL RETIREMENT AGE The normal retirement age for male and female employees of the Company isny forthwith upon request and in any event upon the termination of his/her employment . 21.3 The restrictions contained in Clause 21.1 shall cease to apply to Confidential Information which has come i him/her or supplied by the Company or any Group Company) shall be the property of the Company or the relevant Group Company and shall be returned by him/her to the Company or the relevant Group Compawhatsoever medium) held by the Executive containing or referring to Confidential Information or relating to the affairs and business of the Company or any Group Company (and whether or not prepared by others to copy or reproduce) documents, disks, tapes or other material containing or referring to Confidential Information. 21.2 All documents (including copies), disks, tapes and other material (in oyment with the Company or any Group Company; or 21.1.2 during the period of this Agreement or at any time after its termination copy or reproduce in any form or by or on any media or device (or allow make use of or divulge or communicate to any person, firm, company or organisation any of the Confidential Information of which he/she may have become possessed during the continuance of his/her emplom any statutory enactment or to the extent required by an order of a competent court or tribunal:21.1.1 during the period of this Agreement or at any time after its termination directly or indirectly in relation to 12 any such Intellectual Property. 21. CONFIDENTIALITY 21.1 The Executive shall not except in the proper performance of his/her duties, or in pursuance of any obligation arising frsions of the Patents Act 1977, become the absolute property of the Company or its nominee. Nothing contained in this Clause shall limit any statutory or other right of the Company or any Group Company Property in the name of the Company or any Group Company to the intent that all such rights and any such invention design or improvement shall subject, in relation to patents, to any applicable provitual Property to the Board and shall at the Company's request and expense do all such acts and execute all such documents as may be necessary to vest all rights in or relating to any such Intellectualn right, or other like protection and whether alone or in conjunction with any other employee of the Company, or of any Group Company, or other persons, he/she shall immediately disclose such Intellecperty or make any improvement upon or derivation from any existing work, invention or design whether or not the Intellectual Property has, or is capable of, patent, registered design, copyright, desigprice sensitive information affecting the securities of any other company. 20. INTELLECTUAL PROPERTY If the Executive in the course the Employment shall create, make or discover any Intellectual Proregulations and any code of conduct of the Company from time to time in force in relation to dealings in shares, debentures or other securities of the Company or any Group Company and any unpublished ion from the Executives final salary payment. 19. SHARE DEALING 19.1 The Executive shall comply and procure that his/her spouse and children comply will all applicable rules of law, Stock Exchange priate amount shall be paid to the Executive provided that if he/she shall have taken more days holiday than his/her accrued entitlement, the company is hereby authorised to make an appropriate deductaccrues at the rate of [ ] days per month shall be calculated on a pro rata basis in respect of each completed month of service in the holiday year in which his/her employment terminates and the appro reason during the holiday year in which it accrued without the prior written consent of the Board. 18.3 Upon termination of his/her employment the Executives entitlement to accrued holiday pay which ed by the Board. The Company's holiday year runs from [1 January] to [31 December] . 18.2 The Executive shall not be entitled to carry forward any annual holiday entitlement forgone by him/her for anytment. 18. HOLIDAYS 18.1 The Executive shall (in addition to the usual public and bank holidays) be 11 entitled to [ ] days holiday in each holiday year to be taken at a time or times to be approvor or medical practitioner to disclose to and discuss with the Company any results of such examination which might hinder or prevent the Executive from properly performing any duties of his/her appointhe reasonable request and expense of the Company permit himself/herself to be examined by the Company Doctor or a registered medical practitioner appointed by the Company and shall authorise the doctpacity. 16.4 For statutory sick pay purposes, the Executive's qualifying days shall be his/her normal working days. 17. MEDICAL EXAMINATION At any time during the Employment, the Executive shall at borne by the Executive in connection with the recovery of such damages or compensation and shall not exceed the total remuneration paid to him/her by way of salary in respect of the period of the Incar the period of the Incapacity as the Board may reasonably determine provided that the amount to be refunded shall not exceed the amount of damages or compensation recovered by him/her less any costs ive shall give to the Board all particulars the Board may reasonable require and shall if required by the Board refund to the Company that part of any damages recovered relating to loss of earnings foch damages are or may be recoverable the Executive shall immediately notify the Board of that fact and of any claim compromise settlement or judgement made or awarded in connection with it. The Executxecutive's return to his/her duties by giving notice in writing to the Executive. 16.3 If the Incapacity shall be or appear to be occasioned by actionable negligence by a third party in respect of whid stated in clause 16.1 he/she may at the discretion of the Company continue to be paid his/her salary or the Company may terminate the employment of the Executive forthwith at any time prior to the Ed to the provision of medical certificates and/or undergoing medical examination by a doctor appointed by the Company. 16.2 If the Executive shall be absent due to Incapacity for longer than the periohs] provided that the Executive complies with the Company's procedures relating to sickness notification, statutory sick pay and self-certification to cover from absence from work due to Incapacity anduring absence due to 10 Incapacity (such payment to be inclusive of any statutory sick pay or social security benefits to which he/she may be entitled) for [up to 12 weeks in any 12 consecutive mont permanent disability preventing the Executive from working at such level as the Board shall determine from time to time. 16. INCAPACITY 16.1 The Executive shall continue to be paid his/her salary aid by the Company. 15.3 The Executive shall be entitled to be covered by a Permanent Health Insurance Scheme, the premium for which shall be paid by the Company, to provide assistance in the event ofvide life assurance cover for the Executive at a level equal to [ ] times the Executive's salary or at such other level as the Board shall determine from time to time, the premium for which shall be por the Executive and his/her spouse at a scale to be determined by the Company from time to time. The Company shall pay all contributions in respect of such membership. 15.2 The Company shall also proed under the Pension Schemes Act 1993 in respect of the Employment.] 15. INSURANCE BENEFITS 15.1 During the course of the Employment the Company shall provide private medical insurance membership fatsoever before an anniversary of the commencement of the Employment the amount of such payments shall be reduced pro rata.] AND [The company does [not] hold a current contracting out certificate issut to [ ]% of the Executive's salary, such payments to be calculated on a daily basis from the commencement of the Employment so that in the event of the termination of the Employment for any reason wh Executive is a member of the Company's Occupational Pension Scheme, the Company shall pay or procure payment on behalf of the Executive into the Company's Occupational Pension Scheme, a sum equivalenloyment and in addition to his/her remuneration, the Company shall pay or procure the payment into a pension scheme (approved by the Inland Revenue) of the Executive's choice, or alternatively, if theoyer offers access to a personal pension scheme to which the employer contributes 3% of employees basic pay and deducts employees contributions from their salary.] AND/OR [During the course of the Empncement. Is not obliged to provide access if the employer 9 offers access to an occupational pension scheme within 1 year of commencement of employment. Also not obliged to provide access if the emplcess to a stakeholder pension scheme. The Company's designated scheme is provided by [STATE NAME AND ADDRESS OF PROVIDER].] [Employer must provide access to stakeholder scheme within 3 months of commement.] [Can only use this clause where employer employs less than 5 employees, or where employer has more than 5 employees but they earn less than £67 per week] OR [The Company offers all employees acffences) committed by himself/herself or by any other person authorised by the Company or the Executive to use the car. 14. PENSIONS [There is no pension or insurance scheme applicable to the Employst the Company in respect of the same as it shall direct. 13.5 The Executive will also immediately notify the Company of any prosecutions or convictions for any motoring offences (other than parking o any accident or damage caused to the car or damage caused to any third party or their property and shall give the Company full details of the incident and surrounding circumstances and otherwise assiany at its registered office (or any other place the Company may reasonably nominate) immediately upon the termination of his/her employment. 13.4 The Executive shall immediately notify the Company of. 13.3 The Executive shall take good care of the car and ensure that the provisions and conditions of any insurance policy relating to it are observed and shall return the car and its keys to the Comps and expenses involved in connection with any parking fine or offence incurred by the Executive or any person permitted by him/her to drive the car and shall hold the Company harmless from such costsrespect of which the Company will pay the running costs incurred while on Company business [and in private use] together with all insurance and maintenance costs. 13.2 The Executive shall pay the costt details of bonus/share scheme] 8 13. COMPANY CAR 13.1 The Company will supply the Executive with a car deemed by the Company to be suitable in relation to his/her position wit hin the Company in lowed to participate in such bonus schemes and share schemes as the Company may operate for employees of comparable status and upon such terms as the Board from time to time may determine]. OR [Set ouetary remuneration by way of bonus, long service payment, overtime or any other payment which may be received by staff in general]. OR [At the absolute discretion of the Board, the Executive may be althe Company or any Group Company of from any prospective customer, client or supplier of the Company or any Group Company. 12. BONUS AND SHARE SCHEMES [The Executive shall not be entitled to any moneasonably require. 11. ACCEPTANCE OF GIFTS The Executive may not without prior written consent of the Company accept any gift and/or favour of whatever kind from any customer, client or supplier of y him/her in the proper performance of his/her duties under this Agreement provided that the Executive provides the Company with such vouchers or other evidence of the expenditure as the Company may r without limitation, any overpayments or loans made to the Executive by the Company. 10. EXPENSES The Company shall reimburse the Executive all expenses wholly exclusively and necessarily incurred bbove in lieu of notice. 8.3 9. DEDUCTIONS The Company reserves the right in its absolute discretion to deduct from the Executive's pay any sums that the Executive may owe the Company including, butin the month of [ ] each year and may be increased (but not decreased) by a percentage to be determined by the Board. The Company reserves the right to pay salary at the rate specified in clause 8.1 aees payable to the Executive by the Company or by any Group Company and shall be subject to increase as provided in clause 8.2. 7 8.2 The salary referred to in clause 8.1 shall be reviewed annually shall be paid in equal monthly instalments in arrears on [the last working day of each month] by [bank transfer to the Executive's account] and shall be inclusive of any directors' or other officers fsuspension of exclusion. 8. 8.1 SALARY The Company shall pay to the Executive during the Employment a salary at the rate of [£ ] per annum. Such salary shall be deemed to accrue from day to day and that: 7.1.1 7.1.2 7.1.3 it gives the reason for doing so; such suspension is no longer than [six] months'; the Executive's remuneration and other benefits will not be affected by reason only of such work for the Executive. The Company may suspend the Executive's duties or exclude him/her from Company premises and during such suspension this Agreement will continue with force and effect, providedor only in such companies as the Board from time to time in writing agrees. 6.2 6.3 7. 7.1 SUSPENSION The Company shall not be required to give the Executive any powers or duties or to provide anyck, shares or debentures or other securities in any company which is listed and/or dealt in on the London Stock Exchange or any other stock exchange or from being interested as a shareholder or directto act at all times in the best interests of the Company outside Business Hours.] Nothing in this clause 6 shall prevent the Executive from being the holder of not more than e [5]% of any class of sto or employment which is similar or in any way connected to or competitive with the business of the Company or which could or might reasonably be considered by others to impair the Executive's ability , save that of the Company or any Group Company [during Business Hours]. [The Executive may not without the prior written consent of the Company engage, whether directly or indirectly, in any businessr jointly with another person, firm or company, or as director, manager, employee, agent or consultant either directly or indirectly carry on or being engaged in or interest in any business whatsoever10(1), 11(1) and (2) and 12(1) of the Working Time Regulations 1998 (as amended). 6 6. 6.1 OTHER EMPLOYMENT The Executive may not, [without the prior written consent of the Company] either solely oreement, the duration of his working time is not measured or pre-determined or can be determined by the Employee himself and as a result he is exempt from Regulations 4(1) and (2), 6(1), (2) and (7), 2.3 5. WORKING TIME The Executive agrees with the Company that the Executive is an individual where, on account of the specific characteristics of the activities in which he is engaged under this Agrce; give to the Board and to the Company's auditors all information, explanation, data and assistance as may be required in connection with the business of the Company or any Group Company. 4.2.2 4. Group Company and provide such explanations as the Board may require in connection with such business or affairs; comply with all the Company's rules, regulations and policies from time to time in fo.1.6 4.2 Furthermore, the Executive shall at all times: 4.2.1 keep the Board promptly and fully informed (in writing if so requested) of the conduct of the business or affairs of the Company and anyd abilities to these duties during Business Hours and (for no additional remuneration) for such hours as shall be reasonably necessary for the proper performance of those duties. 4.1.3 4.1.4 4.1.5 4Company or Group Company as the Board may require; well and faithfully serve the Company and any relevant Group Company to the utmost of his/her ability. Devote the whole of his/her time, attention ane Board (but subject always to the memorandum and articles of association of the Company), be involved in the general control and management of the business of the Company; accept such offices in the mpany and the Group Companies and at all times and in all respects to comply with the proper and reasonable directions and regulations of the Company; in the absence of any specific directions from tho him/her in his/her capacity as director or in connection with the business of the Company or any 5 Group Company; 4.1.2 do all in his/her power to promote, develop and extend the business of the Coare reasonably incurred. 3.2 3.3 4. 4.1 DUTIES The Executive shall during the Employment: 4.1.1 perform the duties and exercise the powers which the Company may from time to time properly assign tbe effected after reasonable consultation and agreement with the Executive and the Company will reimburse the Executive for such removal and other expenses incidental to such a change of residence as n [28] consecutive days outside the Kingdom. If the Company requires the Executive to work permanently at a place which necessitates a move from his/her address at the time, any such change will only equest. The Executive may be required to work outside the United Kingdom from time to time and shall travel as his/her duties may reasonably demand but shall not be obliged to reside or spend more thaclients, suppliers or associates within the United Kingdom from time to time. Any such requirement will be subject to reasonable notice being given and to the Executive being able to comply with the r normal place of work will be at the Company's premises at [ ]. The Company may require the Executive to work at any premises of the Company or any Group Company, or at the premises of its customers, t to attend for work under this clause, the Company shall be entitled to offset a day of any accrued holiday due to the Executive for each day of non-attendance. 3. 3.1 PLACE OF WORK The Executive'she application of the restrictions set out in clause 26 below will begin on commencement of garden leave or on termination of employment, which ever is the earlier. In addition, if the Executive is nomply with any reasonable conditions laid down by the Company during such time and whilst on full remuneration accepts that his/her duties of confidentiality and good faith continue to apply and that tany gives notice. Alternatively the Company may require the Executive during part or all of such period to perform only some or none of his/her normal duties. In that event, the Executive agrees to co The Company reserves the right to require the Executive to remain away from work, on "garden leave", for part or all of the applicable notice period set out in clause 2.4 if the Executive or the Compear[s] unless and until terminated by either party giving to the other not less than [six] months notice in writing such notice to expire on or after the end of the fixed period.] 4 2.2 2.3 2.4 2.5 continue until terminated by either party giving to the other not less than [six] months notice in writing.] OR [The Employment shall commence on [DATE] and shall continue for a fixed period of [ ] yllective agreements in force relating to the Employment. The Executive's period of continuous employment, for statutory purposes commenced on [DATE]. [The Employment shall commence on [DATE] and shallpany employs the Executive and the Executive shall serve the Company as a director of the Company with the title of [JOB TITLE] upon the terms and conditions set out in this Agreement. There are no coder regulations instruments or other subordinate legislation made under the relevant statute. Clause headings shall be ignored in the interpretation of this Agreement. 1.3 2. 2.1 EMPLOYMENT The Comvided) be construed as references to those provisions as respectively amended, consolidated, extended or re-enacted from time to time (whether before or after the date of this Agreement) and to any orght Designs and Patent Act 1988; "Incapacity" "Intellectual Property" 1.2 References in this Agreement to statutory provisions shall (where the context so admits and unless otherwise expressly prom attending to his/her duties; means inventions, discoveries, designs and improvements; works in which copyright does or may subsist; moral rights as defined by Section 77 and Section 80 of the Copyriand "holding company" having the meanings respectively ascribed to them in the Companies Act 1985); any illness or other like cause beyond the control of the Executive incapacitating the Executive froy" any company which is at or at any time after the date of this Agreement a subsidiary of the Company or the holding company of the Company or a subsidiary of any such holding company ("subsidiary" y of the foregoing) all marketing information, trade secrets and knowhow; the Executive's employment under this Agreement; "Business Hours" "Confidential Information" "Employment" 3 "Group Compan Group Company and which is confidential to the company or any Group Company or treated by the Company or any Group Company as confidential, including in particular (but without limiting the generalitoever recorded) relating to all or any part of the business, property, assets, activities, products, services, financial affairs, management, administration, customers or clients of the Company or anynecessary for the proper performance by the Executive of his/her duties under this Agreement; all information (whether recorded or not and, if recorded, in whatever form on whatever media and by whomsto time or any duly appointed committee of such board; the hours between [9.00]am and [5.30]pm Monday to Friday (excluding Bank and other Public Holidays in England) and such further time as shall be he Company") [NAME OF EMPLOYEE] of [ADDRESS] ("the Executive") 1. 1.1 INTERPRETATION In this Agreement the following definitions shall apply: "Board" the board of directors of the Company from time rials is subject to the "Terms and Conditions" found at findlegalforms.com. 2 DIRECTOR'S SERVICE CONTRACT DATE: 200 PARTIES: (1) (2) [NAME OF EMPLOYER] whose registered office is at [ADDRESS] ("TEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS. The use of these mateIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWALS ARE USED AT YOUR OWN RISK. IN NO EVENT WILL: I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDTHESE MATERIALS ARE PROVIDED "AS-IS." FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS. THE MATERI/ solicitor can provide legal advice. An attorney/solicitor should be consulted for all serious legal matters. No Attorney-Client / Solicitor-Client relationship is created by use of these materials. pply beyond 12 months. DISCLAIMER: FindLegalForms, Inc. ("FLF") is not a law firm and does not provide legal advice. The use of these materials is not a substitute for legal advice. Only an attorney ion. All of these type of clauses must satisfy a reasonable test. Of course take legal advice if need be but we do not advise you increase the time limits in this clause under which the restrictions agives the executive life and medical benefits. If you do not require these then amend as necessary. This clause relates to the post termination restrictions on the executive once he has left his posit car. If the executive is not getting a company car then either state so here or delete the clause. This clause relates to pensions and should be amended as appropriate for the executive. This clause use 13 Clause 14 Clause 15 Clause 26 This clause relates to bonuses and there are several options for you to choose from. Delete the clauses which you do not require. This clause relates to a Companyee what is appropriate for your situation. This clause sets out what the employee will be paid and when. Make sure you carefully review this. 1 Clause 2.4 Cause 3.1 Clause 6 Clause 8 Clause 12 Claxecutive's principle place of work. This clause sets out what other employment the executive may or may not do whilst he works for the Company. Carefully review the clauses in the square brackets to st term (eg 3 years) or you can have a contract which continues on a rolling basis until terminated by either party on giving specific notice. Delete the clause you are not using. Set out clearly the Esought on this point by both parties if they are unsure whether employment is continuous. This agreement gives you two options as to length of service. You can have a contract which expires after a seious business which has been taken over by another person. In that case the employee will not want to lose any employment rights which have accrued under his previous employer. Legal advice should be ntinuous, employment will be with one employer. However in some cases an employee will be working for a new company in a different division of the previous company (an associate company) or for a prev redundancy payment and compensation for unfair dismissal can only be claimed by those employees who have worked for an employer continuously for a set period of time. Normally for employment to be cocuments the English is clear and understandable. We would however draw your attention to the following clauses: Clause 2.3 Many of the statutory employment protection rights such as the right to claiminstruction to you to provide the required information or change the suggested the drafting. Once you have provided the required information you can then delete all square brackets. As with all our do an employment agreement; pay, holiday, place of work and hours worked etc. Within the director's service agreement you will see square brackets containing blanks or words. The square brackets are an be its employee. As an employee he will benefit from all the usual employment rights and protections in England. This director's service agreement deals with all the issues one would expect to see inDIRECTOR SERVICE AGREEMENT ­ COMMENTARY All executive directors of a company should have written terms of their service. Remember even though a person can be a director of a company he can also still