Company Director Employment Contract Template for Belgium

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Key Requirements PROMPT example:

Company Director Employment Contract

"I need a Company Director Employment Contract for appointing a new CFO from the Netherlands to our Belgian technology company, starting March 1, 2025, with specific provisions for cross-border tax implications and bilingual requirements (Dutch/French)."

Document background
The Company Director Employment Contract is a specialized agreement used in Belgium when appointing directors who will have both a corporate mandate and an employment relationship with the company. This dual status requires careful consideration of both Belgian corporate law and employment regulations. The document is essential for establishing clear terms of service, responsibilities, remuneration, and governance obligations while ensuring compliance with the Belgian Companies and Associations Code, employment law, and corporate governance requirements. It's typically implemented when appointing new directors or formalizing existing relationships, and includes comprehensive provisions for protection of both company and director interests, including confidentiality, intellectual property rights, and post-termination obligations.
Suggested Sections

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

2. Background: Context of the appointment, including corporate resolutions authorizing the directorship and employment relationship

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

4. Appointment and Term: Specification of the director's appointment, role, and duration of the contract

5. Duties and Responsibilities: Detailed description of the director's duties, both as a corporate officer and employee

6. Time Commitment: Expected working hours and time dedication to the role

7. Remuneration and Benefits: Base salary, bonuses, benefits, and method of payment

8. Location and Travel: Primary work location and travel requirements

9. Expenses: Policy on business expenses and reimbursement

10. Confidentiality: Obligations regarding company confidential information

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

12. Corporate Governance: Compliance with corporate governance requirements and company policies

13. Termination: Grounds and procedures for contract termination

14. Post-Termination Obligations: Continuing obligations after contract end

15. Data Protection: Compliance with GDPR and data protection requirements

16. Governing Law: Specification of Belgian law as governing law and jurisdiction

Optional Sections

1. Non-Compete Clause: Restrictions on post-employment competition - optional based on role sensitivity and local enforceability

2. International Travel: Specific provisions for international duties - include if role involves significant international work

3. Share Options: Terms of any share option or equity participation schemes - include if equity compensation is offered

4. Representative Powers: Specific powers of representation - include if director has special representative authority

5. Language Requirements: Language proficiency requirements - include if working in multiple Belgian linguistic regions

6. Secondment Provisions: Terms for potential secondment to other group companies - include for international groups

7. Insurance Coverage: Special insurance provisions beyond statutory requirements - include if additional coverage is provided

8. Training and Development: Professional development commitments - include if specific training programs are offered

Suggested Schedules

1. Schedule 1 - Remuneration Package: Detailed breakdown of salary, bonuses, and benefits structure

2. Schedule 2 - Job Description: Detailed description of roles and responsibilities

3. Schedule 3 - Company Policies: List of applicable company policies and procedures

4. Schedule 4 - Benefits Summary: Details of insurance, pension, and other benefits

5. Schedule 5 - Performance Metrics: KPIs and performance evaluation criteria

6. Appendix A - Board Resolution: Copy of board resolution approving the appointment

7. Appendix B - Share Option Plan: Details of any applicable share option scheme

8. Appendix C - D&O Insurance: Summary of Directors and Officers liability insurance coverage

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

Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Technology

Manufacturing

Healthcare

Retail

Professional Services

Energy

Telecommunications

Real Estate

Construction

Media and Entertainment

Transportation and Logistics

Consumer Goods

Education

Non-Profit Organizations

Relevant Teams

Legal

Human Resources

Board of Directors

Executive Management

Corporate Governance

Company Secretariat

Compliance

Finance

Operations

Relevant Roles

Managing Director

Executive Director

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Commercial Director

Technical Director

Regional Director

Country Manager

Board Member

Non-Executive Director

Department Director

Division Head

General Manager

Industries
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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