Board Of Advisors Agreement Template for Germany

1. Non-Competition: Restrictions on competing activities, used when the advisor works in the same industry

2. Stock Options/Equity Compensation: Terms of any equity-based compensation, used when offering shares or options

3. Insurance: Requirements for professional liability insurance, used for high-risk advisory roles

4. Board Observer Rights: Rights to attend board meetings, used when advisor should have broader access to company governance

5. Multiple Engagement Provisions: Rules for engaging with other companies, used when exclusivity is not required but needs regulation

6. Data Protection: Specific GDPR compliance provisions, used when advisor will handle personal data

7. Force Majeure: Provisions for unforeseen circumstances, used in long-term advisory arrangements

1. Schedule 1: Services Description: Detailed outline of specific advisory services and expectations

2. Schedule 2: Compensation Terms: Detailed breakdown of fees, payment schedules, and expense policies

3. Schedule 3: Meeting Schedule: Expected frequency and format of advisory meetings and commitments

4. Appendix A: Confidentiality Agreement: Detailed confidentiality terms and procedures

5. Appendix B: Conflict of Interest Policy: Company's policy on conflicts and required disclosures

6. Appendix C: Stock Option Terms: Detailed terms of any equity compensation (if applicable)