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Chief Executive Officer Employment Agreement

Chief Executive Officer Employment Agreement Template for Indonesia

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Key Requirements PROMPT example:

Chief Executive Officer Employment Agreement

"Need a Chief Executive Officer Employment Agreement for an experienced foreign executive from Singapore joining our Jakarta-based technology company in March 2025, including expatriate benefits package and provisions for managing our planned expansion into other Southeast Asian markets."

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Document background
The Chief Executive Officer Employment Agreement is a crucial document used when appointing the highest-ranking executive officer of a company in Indonesia. It serves as the primary legal instrument defining the relationship between the company and its CEO, incorporating requirements from Indonesian Labor Law, Company Law, and relevant regulations governing executive employment. This agreement is essential when hiring new CEOs, promoting internal candidates to the CEO position, or renewing existing CEO contracts. The document covers comprehensive terms including appointment, duties, remuneration, benefits, performance metrics, and termination provisions, while ensuring compliance with mandatory Indonesian employment regulations and corporate governance requirements. It's particularly important as it needs to balance executive autonomy with accountability to the board and shareholders, while incorporating any specific requirements for foreign executives if applicable.
Suggested Sections

1. Parties: Identification of the employing company and the CEO, including their respective addresses and registration details

2. Background: Context of the appointment, including any relevant corporate approvals and previous employment history

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Details of the CEO position, commencement date, and duration of employment

5. Duties and Responsibilities: Comprehensive outline of CEO's roles, obligations, and scope of authority

6. Working Location and Hours: Primary work location and expectations regarding time commitment

7. Remuneration and Benefits: Base salary, bonuses, equity participation, and other benefits

8. Leave Entitlements: Annual leave, sick leave, and other authorized absences

9. Confidentiality: Protection of company's confidential information and trade secrets

10. Intellectual Property: Ownership and rights to intellectual property created during employment

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

12. Performance Evaluation: KPIs, assessment criteria, and review processes

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

14. Post-Termination Obligations: Continuing obligations after employment ends

15. Governing Law and Dispute Resolution: Applicable law and method of resolving disputes

Optional Sections

1. International Travel: Include when role requires significant international travel

2. Expatriate Benefits: Include for foreign CEOs, covering relocation, housing, and other expatriate-specific benefits

3. Multiple Directorships: Include when CEO holds board positions in affiliated companies

4. Share Options: Include when offering equity-based compensation

5. Change of Control: Include provisions for scenarios involving company ownership changes

6. Garden Leave: Include when company wants right to place CEO on paid leave during notice period

7. Special Regulatory Compliance: Include for regulated industries (banking, insurance, etc.)

8. Family Benefits: Include when offering family health coverage, education allowances, etc.

Suggested Schedules

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

2. Schedule 2 - Position Description: Detailed outline of roles, responsibilities, and reporting relationships

3. Schedule 3 - KPIs and Performance Metrics: Specific performance indicators and targets

4. Schedule 4 - Company Policies: List of applicable company policies and procedures

5. Schedule 5 - Benefits Summary: Detailed description of all benefits and entitlements

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

7. Appendix B - Share Option Terms: Details of any share option or equity participation scheme

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Appointment Date
Base Salary
Board
Board of Commissioners
Business Day
Cause
Company
Company Group
Confidential Information
Corporate Governance Guidelines
Effective Date
Executive
Financial Year
Good Reason
Governing Law
Intellectual Property Rights
Key Performance Indicators
Notice Period
OJK
Parent Company
Performance Bonus
Prohibited Business
Related Parties
Restricted Period
Subsidiary
Term
Territory
Total Remuneration Package
Variable Compensation
Working Hours
Annual Leave
Competitor
Company Policies
Change of Control
Material Breach
Performance Review
Share Option Scheme
Severance Package
Trade Secrets
Clauses
Appointment
Term and Duration
Duties and Responsibilities
Authority and Powers
Remuneration
Bonus and Variable Compensation
Benefits
Share Options
Working Hours
Location
Annual Leave
Sick Leave
Performance Requirements
Reporting Obligations
Board Meetings
Corporate Governance
Regulatory Compliance
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Non-Disparagement
Conflict of Interest
External Directorships
Company Property
Expenses
Insurance
Indemnification
Performance Review
Termination
Notice Period
Garden Leave
Severance
Post-Termination Obligations
Change of Control
Force Majeure
Data Protection
Representations and Warranties
Assignment
Amendments
Entire Agreement
Severability
Notices
Governing Law
Dispute Resolution
Relevant Industries

Manufacturing

Technology

Financial Services

Retail

Healthcare

Energy

Mining

Telecommunications

Real Estate

Consumer Goods

Transportation

Agriculture

Education

Professional Services

Construction

Entertainment

Hospitality

Relevant Teams

Human Resources

Legal

Board of Directors

Executive Leadership

Corporate Secretariat

Compliance

Finance

Compensation Committee

Nomination Committee

Relevant Roles

Chief Executive Officer

President Director

Managing Director

Executive Chairman

Group CEO

Country CEO

Regional CEO

Acting CEO

Interim CEO

Co-CEO

Industries
Law No. 13/2003 on Manpower: The main employment law in Indonesia that governs employment relationships, including basic rights and obligations of employers and employees, working conditions, termination procedures, and severance payments
Law No. 40/2007 on Limited Liability Companies: Regulates corporate governance, including roles, responsibilities, and obligations of company directors and commissioners, appointment procedures, and corporate liability
Law No. 24/2011 on Social Security Administrative Bodies: Governs mandatory social security and healthcare coverage for employees, including requirements for executive-level employees
Minister of Manpower Regulation No. 35/2015: Regulates procedures for obtaining work permits for foreign workers if the CEO is an expatriate, including requirements and restrictions
Government Regulation No. 78/2015 on Wages: Provides framework for remuneration, including provisions affecting executive compensation structures and benefits
Law No. 36/2008 on Income Tax: Governs taxation of employment income, including executive compensation, bonuses, and benefits
OJK Regulation No. 34/POJK.04/2014: For publicly listed companies, regulates remuneration and nomination policies for directors and commissioners
Minister of Manpower Regulation No. 19/2012: Regulates outsourcing and the use of fixed-term employment agreements, which may affect certain aspects of executive employment contracts
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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