This document strikes a balance between the protection of the director and the company. If there are different interests, we preferred the company. Some of these provisions are required to comply with the law. The explanations contained in these documents will guide you on the importance of specific issues. 5.2 Cumulative or unused vacations cannot be carried forward to the following calendar year without further agreement between the company and the Board of Directors General. Today, the law requires a company to provide written terms of employment to a director as to any other employee. For both parties, it is advantageous to rewrite the package in an employment contract (for managers, also known as the manager`s service contract) rather than in a few words the company. 6.1 This contract may be terminated by the Company with a period of several months, up to the end of a month and by the director with a monthly number until the end of a month. 7.2 If the director due to illness has not been able to perform his work during a period of number of months during a period of number of months, the company has the right to terminate the contract with the period of months number at the end of the month. Companies are legally required to provide a service contract to directors. Under the Employment Rights Act of 1996, employers must submit a written statement of their key conditions of employment to their workers. This must be done within 8 weeks of the start of employment.
For example, companies are legally required to award an employment contract to both managers and employees within two months of the start of their activity. In addition, the Company 2006 has a written service contract or a letter of intent clearly stating the services and obligations of all the company`s executives. Under the Companies Act 2006, failure to provide a director`s service contract is a criminal offence and a person who has committed that offence is fined for summary convictions. 8.1 The Director is required to keep all information relating to the company`s internal affairs, including finances, business, customers and staff, confidential. This information may not be disclosed to third parties during or after the course of its activity, when such information is reasonably to be treated as trade secrets or confidential. 1.1 The director is employed by the company and the director accepts the employment under the terms set out in this agreement from DATE. 8.4 The Director may not participate in matters of agreements between the company and the director himself, nor in matters relating to legal actions against the director. The same applies to issues between the company and a third party or legal actions against third parties where the director has a core interest in it, which goes against the interests of the company. In these cases, the director informs the board of directors or the general meeting. A management service contract is an employment contract between a director and a company. It regulates the relationship between the director and the company and defines the obligations, duties and responsibilities of the director.