Executive Director Employment Contract Template for Austria

The Executive Director Employment Contract is a crucial document used when appointing senior executives to leadership positions in Austrian companies. It serves as the primary agreement governing the relationship between the company and its executive director (Geschäftsführer), combining elements of both corporate and employment law. This document is essential for companies operating under Austrian jurisdiction and must comply with specific requirements of Austrian corporate law, particularly the GmbHG for limited liability companies. The contract typically includes comprehensive provisions covering appointment terms, duties, compensation structures, benefits, confidentiality obligations, and termination provisions. It's particularly important as it needs to balance the executive's role as both a corporate officer and an employee, addressing specific Austrian legal requirements for executive leadership positions while protecting both the company's and the executive's interests.

1. Parties: Identification of the company and the executive director, including full legal names and addresses

2. Background: Brief context of the appointment and any relevant corporate resolutions

3. Definitions: Key terms used throughout the agreement, including 'Company', 'Board', 'Confidential Information', etc.

4. Appointment and Term: Position title, effective date, and duration (fixed-term or indefinite)

5. Duties and Responsibilities: Detailed description of executive duties, reporting relationships, and scope of authority

6. Place of Work: Primary workplace location and travel requirements

7. Working Time: Acknowledgment of executive status and working time flexibility

8. Remuneration: Base salary, review mechanisms, and payment terms

9. Variable Compensation: Bonus structures, targets, and payment conditions

10. Benefits: Insurance, pension, company car, and other standard benefits

11. Vacation and Leave: Annual leave entitlement and public holidays

12. Illness and Incapacity: Sick leave provisions and medical certification requirements

13. Confidentiality: Protection of company information and trade secrets

14. Intellectual Property: Assignment of IP rights created during employment

15. Non-Competition: Post-employment restrictions and competition limitations

16. Termination: Notice periods, grounds for termination, and procedures

17. Return of Company Property: Obligations upon termination of employment

18. Data Protection: GDPR compliance and data processing consents

19. Governing Law: Confirmation of Austrian law application and jurisdiction

20. Miscellaneous: Standard boilerplate provisions including severability and amendments