The Executive Employment Agreement is essential for establishing and managing employment relationships with senior executives in Germany. It is specifically designed to comply with German employment law requirements, including the German Civil Code (BGB), Stock Corporation Act (AktG), and Works Constitution Act (BetrVG). This document is typically used when appointing managing directors, board members, or senior executives who qualify as 'Leitende Angestellte' under German law. The agreement encompasses comprehensive terms covering appointment, remuneration, benefits, duties, and post-employment obligations, while addressing specific German legal requirements such as mandatory notice periods, working time regulations, and data protection provisions. It serves as a crucial tool for protecting both the company's interests and the executive's rights while ensuring compliance with German corporate governance standards and employment regulations.

1. Parties: Identification of the employing entity and the executive, including full legal names and addresses

2. Background: Context of the appointment and any relevant corporate structure information

3. Definitions: Key terms used throughout the agreement, including specific German legal terminology where relevant

4. Appointment and Term: Position title, appointment date, term (if fixed), and probationary period if applicable

5. Duties and Responsibilities: Detailed description of executive role, reporting lines, and scope of authority

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

7. Working Time: Working hours expectations and acknowledgment of executive exemption from standard working time regulations

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

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

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

11. Vacation: Annual leave entitlement and approval process

12. Illness and Incapacity: Sick pay provisions and notification requirements

13. Confidentiality: Protection of company secrets and confidential information

14. Intellectual Property: Assignment of IP rights and inventions

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

16. Data Protection: GDPR compliance and data processing consent

17. Termination: Notice periods, grounds for termination, and process

18. Garden Leave: Company's right to place executive on garden leave

19. Company Property: Return of company property upon termination

20. Final Provisions: Governing law, jurisdiction, and formal requirements under German law