The Executive Director Employment Contract is a crucial document used when appointing senior executives who will serve both as employees and board members of Hong Kong companies. It requires careful drafting to comply with Hong Kong's dual regulatory framework of employment and company law, including the Employment Ordinance (Cap. 57) and Companies Ordinance (Cap. 622). This contract type is typically used for C-suite executives who will have board responsibilities, combining standard employment terms with specific provisions for director duties, corporate governance obligations, and enhanced protective covenants. It's particularly important for listed companies where additional securities regulations may apply, but is equally valuable for private companies seeking to properly document executive appointments.

1. Parties: Identification of the company and the executive director

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

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Position, capacity of appointment, and duration of employment

5. Duties and Powers: Director's responsibilities, authority, and reporting relationships

6. Time Commitment: Expected working hours and dedication requirements

7. Location: Primary work location and travel requirements

8. Remuneration: Base salary, reviews, and payment terms

9. Bonuses and Incentives: Performance bonus, commission, and other incentive arrangements

10. Benefits: Insurance, MPF, leave entitlements, and other benefits

11. Expenses: Reimbursement of business expenses

12. Confidentiality: Protection of company confidential information

13. Intellectual Property: Ownership and protection of IP created during employment

14. Restrictive Covenants: Non-compete, non-solicitation, and other post-employment restrictions

15. Termination: Grounds for termination and procedures

16. Garden Leave: Company's right to place director on garden leave

17. Company Policies: Compliance with company policies and procedures

18. Data Protection: Handling of personal data and privacy compliance

19. Notices: Method and addresses for formal communications

20. General Provisions: Governing law, entire agreement, and other standard clauses