Company Director Agreement Template for Philippines

1. Executive Director Provisions: Additional terms for directors who also hold executive positions, including executive duties and additional compensation

2. Committee Appointments: Specific provisions for directors appointed to board committees

3. Share Qualifications: Requirements for director's shareholding if required by company bylaws

4. Insurance and Indemnification: Details of D&O insurance coverage and company indemnification

5. Non-Competition: Restrictions on involvement with competing businesses during and after directorship

6. Intellectual Property: Provisions regarding IP created during directorship, particularly relevant for executive directors

7. Performance Evaluation: Process and criteria for evaluating director's performance

8. Multiple Directorships: Provisions regarding holding director positions in other companies

1. Schedule 1: Remuneration Details: Detailed breakdown of all compensation components and payment terms

2. Schedule 2: Board and Committee Meeting Schedule: Annual calendar of scheduled board and committee meetings

3. Schedule 3: Company Policies: List of relevant company policies the director must comply with

4. Schedule 4: Powers of Attorney: Specific powers granted to the director, if any

5. Appendix A: Code of Conduct: Company's code of conduct and ethics for directors

6. Appendix B: Conflict of Interest Policy: Detailed policy on handling and declaring conflicts of interest

7. Appendix C: Expense Policy: Detailed policy on allowable expenses and reimbursement procedures