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Chief Executive Officer Employment Agreement

Chief Executive Officer Employment Agreement Template for Belgium

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Key Requirements PROMPT example:

Chief Executive Officer Employment Agreement

"I need a Chief Executive Officer Employment Agreement under Belgian law for a technology startup that's scaling internationally, with specific focus on equity compensation and international travel requirements, planned to commence March 1, 2025."

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Document background
The Chief Executive Officer Employment Agreement is a crucial document used when appointing a CEO in Belgium, whether for a new hire or internal promotion. This comprehensive agreement serves to establish and regulate the employment relationship between the company and its highest-ranking executive officer, ensuring compliance with Belgian employment law, corporate governance requirements, and industry standards. The document typically includes detailed provisions on executive responsibilities, compensation structure, performance metrics, benefits, termination conditions, and post-employment obligations. It must align with both the Belgian Companies and Associations Code and general employment legislation while protecting both the company's interests and the executive's rights. This agreement is particularly important as it governs the relationship with the most senior executive position and often requires board approval and stakeholder consultation.
Suggested Sections

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

2. Background: Context of the appointment, including company information and circumstances of hiring

3. Definitions: Key terms used throughout the agreement

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

5. Duties and Responsibilities: Detailed description of CEO role, reporting relationships, and key performance areas

6. Corporate Governance: Obligations related to board reporting, compliance with corporate governance code, and fiduciary duties

7. Time Commitment: Working time expectations and provisions regarding external appointments

8. Place of Work: Primary work location and travel requirements

9. Remuneration: Base salary, review process, and payment terms

10. Bonuses and Incentives: Short-term and long-term incentive schemes, performance criteria

11. Benefits: Insurance, pension, car allowance, and other standard benefits

12. Expenses: Business expense reimbursement policy and procedures

13. Vacation and Leave: Annual leave entitlement and other types of leave

14. Confidentiality: Protection of company confidential information and trade secrets

15. Intellectual Property: Ownership and protection of IP created during employment

16. Data Protection: GDPR compliance and personal data processing provisions

17. Termination: Grounds for termination, notice periods, and consequences

18. Post-Termination Obligations: Non-compete, non-solicitation, and return of company property

19. Governing Law and Jurisdiction: Confirmation of Belgian law application and dispute resolution

Optional Sections

1. International Travel and Assignments: Used when role requires significant international duties or potential temporary foreign assignments

2. Stock Options and Equity: Include when offering share-based compensation or stock option plans

3. Sign-on Bonus: Used when offering a one-time payment to attract the executive

4. Relocation Assistance: Include when providing support for relocation to Belgium

5. Industry-Specific Compliance: Required for regulated industries like financial services or healthcare

6. Change of Control: Provisions addressing executive's rights in case of company merger or acquisition

7. Garden Leave: Include if company wants right to place executive on paid leave during notice period

8. Mediation Clause: Optional alternative dispute resolution procedure before litigation

9. Language: Required if agreement needs to be in multiple languages (French/Dutch/German)

Suggested Schedules

1. Schedule 1 - Job Description: Detailed outline of CEO roles, responsibilities, and performance expectations

2. Schedule 2 - Compensation Details: Comprehensive breakdown of all compensation elements and calculation methods

3. Schedule 3 - Bonus Scheme Rules: Detailed terms and conditions of variable compensation plans

4. Schedule 4 - Benefits Package: Detailed description of all benefits and applicable terms

5. Schedule 5 - Company Policies: Key company policies applicable to the executive

6. Schedule 6 - Stock Option Plan: Terms and conditions of any equity-based compensation

7. Appendix A - Confidentiality Agreement: Detailed confidentiality obligations and protected information

8. Appendix B - Non-Compete Agreement: Detailed post-employment restrictions and their geographical scope

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Appointment
Board
Board of Directors
Business Day
Cause
Company
Company Group
Competing Business
Confidential Information
Control
Corporate Governance Code
Effective Date
Executive
Good Reason
Intellectual Property Rights
Notice Period
Parent Company
Performance Targets
Permanent Disability
Permitted Activities
Prohibited Area
Remuneration Committee
Restricted Period
Short-Term Incentive
Long-Term Incentive
Stock Option Plan
Subsidiary
Termination Date
Trade Secrets
Variable Compensation
Working Day
Year
Annual Base Salary
Benefits
Change of Control
Material Breach
Protected Information
Related Companies
Shareholders
Term of Employment
Clauses
Appointment
Term
Duties and Responsibilities
Authority
Corporate Governance
Fiduciary Duties
Time Commitment
Location
Remuneration
Bonus
Long-Term Incentives
Benefits
Expenses
Insurance
Pension
Leave and Vacation
Working Hours
Performance Review
Board Reporting
External Appointments
Professional Development
Company Property
Confidentiality
Intellectual Property
Data Protection
Non-Competition
Non-Solicitation
Termination
Notice Period
Garden Leave
Severance
Return of Property
Post-Termination Obligations
Representations and Warranties
Change of Control
Force Majeure
Assignment
Entire Agreement
Variation
Severability
Notices
Third Party Rights
Governing Law
Jurisdiction
Dispute Resolution
Relevant Industries

Financial Services

Technology

Manufacturing

Healthcare

Retail

Professional Services

Energy

Telecommunications

Real Estate

Consumer Goods

Industrial

Media and Entertainment

Pharmaceuticals

Automotive

Agriculture

Construction

Education

Logistics and Transportation

Relevant Teams

Human Resources

Legal

Board of Directors

Executive Committee

Corporate Governance

Compensation Committee

Nomination Committee

Company Secretariat

Finance

Compliance

Relevant Roles

Chief Executive Officer

CEO

Managing Director

Executive Director

General Manager

Country Manager

President

Group CEO

Directeur Général

General Director

Industries
Belgian Companies and Associations Code (2019): Governs corporate governance aspects, powers and responsibilities of company directors and officers, and requirements for executive appointments
Belgian Employment Contracts Act (1978): Regulates employment relationships, including contract formation, termination conditions, and basic employment rights
Belgian Corporate Governance Code (2020): Provides guidelines for good corporate governance, including recommendations for executive compensation and responsibilities
Act on the Protection of Remuneration: Regulates payment of wages, benefits, and other forms of compensation, including restrictions on salary withholding
Belgian Social Security Legislation: Determines social security contributions and benefits applicable to company executives
Belgian Working Time Act: Regulates working hours and rest periods, though executives often fall under specific exemptions
Non-Competition Act: Governs post-employment competition restrictions, particularly relevant for senior executives
Belgian Privacy Law and GDPR: Regulates the processing of personal data and privacy rights in the employment relationship
Belgian Income Tax Code: Governs taxation of employment income, benefits, and stock options for executives
Well-being at Work Act: Covers health and safety obligations, including psychosocial risks and workplace harassment
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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