Director Employment Contract Template for Nigeria

1. Parties: Identification of the Company and the Director, including registered addresses

2. Background: Context of the appointment, including the board resolution date and position details

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

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

5. Duties and Responsibilities: Comprehensive outline of director's duties, including statutory obligations under CAMA 2020

6. Time Commitment: Expected working hours and commitment to the role

7. Remuneration and Benefits: Base salary, bonuses, and other benefits including pension arrangements

8. Expenses: Policy on reimbursement of business expenses

9. Place of Work: Primary work location and travel requirements

10. Confidentiality: Obligations regarding company confidential information

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

12. Restrictions: Non-compete and non-solicitation provisions

13. Termination: Grounds and procedures for termination of the appointment

14. Company Policies: Compliance with company policies and procedures

15. Governing Law: Nigerian law as governing law and jurisdiction

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

2. Schedule 2 - Duties and Responsibilities: Detailed list of specific duties and responsibilities

3. Schedule 3 - Company Policies: List of key company policies applicable to the director

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

5. Appendix B - Share Option Terms: Details of any share option schemes (if applicable)

6. Appendix C - Performance Criteria: Detailed performance metrics and evaluation criteria