The Executive Director Employment Contract is a crucial legal document used when appointing a senior executive to lead an organization in Canada. This agreement is essential for organizations seeking to formalize the employment relationship with their top-tier management, providing clear terms and conditions while ensuring compliance with Canadian federal and provincial laws. It typically comes into play during new executive appointments, leadership transitions, or when updating terms for existing executive directors. The contract comprehensively covers various aspects including compensation structure, performance expectations, fiduciary duties, protection of corporate interests, and termination provisions. It's particularly important for establishing clear governance frameworks and protecting both the organization's and executive's interests while ensuring alignment with Canadian employment standards and corporate governance requirements.

1. Parties: Identification of the employer organization and the executive director

2. Background: Context of the appointment and basic information about the organization

3. Definitions: Key terms used throughout the agreement including 'Cause', 'Confidential Information', 'Intellectual Property', etc.

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

5. Duties and Responsibilities: Core executive responsibilities, reporting relationships, and performance expectations

6. Compensation: Base salary, review periods, and payment terms

7. Benefits and Perquisites: Health benefits, insurance, vacation entitlement, and executive perks

8. Incentive Compensation: Annual bonus structure, long-term incentives, and performance metrics

9. Expenses: Business expense reimbursement policy and procedures

10. Termination: Grounds for termination, notice periods, and severance entitlements

11. Confidentiality: Protection of confidential information during and after employment

12. Intellectual Property: Ownership and assignment of IP created during employment

13. Non-Competition and Non-Solicitation: Post-employment restrictions on competitive activities

14. Representations and Warranties: Mutual assurances regarding capacity and authority to enter agreement

15. General Provisions: Standard boilerplate clauses including governing law, amendments, and notices