Directors Service Agreement Template for Hong Kong

1. Parties: Identification of the company and the director, including their respective addresses and company registration/identification details

2. Background: Context of the appointment, including any relevant board resolutions and shareholders' approvals

3. Definitions: Key terms used throughout the agreement, including 'Board', 'Group', 'Confidential Information', etc.

4. Appointment and Term: Details of the director's role, position, and duration of appointment

5. Duties and Responsibilities: Comprehensive outline of director's duties, including statutory obligations, board meeting attendance, and specific responsibilities

6. Time Commitment: Expected time dedication to the role and provisions regarding other commitments

7. Remuneration: Base salary, bonuses, share options, and other benefits

8. Expenses: Provisions for reimbursement of reasonable expenses incurred in performing duties

9. Place of Work: Primary location and travel requirements

10. Vacation and Leave: Annual leave entitlement and holiday provisions

11. Confidentiality: Obligations regarding company information and trade secrets

12. Intellectual Property: Assignment of IP rights created during directorship

13. Restrictive Covenants: Non-compete and non-solicitation provisions

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

15. Company Policies: Compliance with internal policies and procedures

16. Governing Law: Hong Kong law as governing law and jurisdiction

17. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and notices

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

2. Schedule 2 - Duties and Responsibilities: Comprehensive list of specific duties and reporting lines

3. Schedule 3 - Share Option Terms: Details of any share option or equity participation schemes

4. Schedule 4 - Group Companies: List of companies within the group where director holds positions

5. Schedule 5 - Company Policies: Key company policies requiring specific acknowledgment

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

7. Appendix B - Performance Metrics: Detailed performance evaluation criteria and targets