Executive Director Agreement Template for Saudi Arabia

1. Board Position: Required if the executive director also serves on the board of directors

2. Stock Options/Share Schemes: Include for listed companies or when equity compensation is offered

3. International Travel: Include for roles requiring significant international travel

4. Multiple Directorships: Include when permitting or restricting other board positions

5. Corporate Governance: Additional section for listed companies subject to CMA regulations

6. Change of Control: Include for listed companies or those anticipating ownership changes

7. Garden Leave: Include if company wants right to place director on paid leave

8. Retention Bonus: Include if specific performance or retention incentives are offered

9. Relocation Terms: Include for international hires or roles requiring relocation

1. Schedule 1 - Duties and Responsibilities: Detailed breakdown of executive functions and authority limits

2. Schedule 2 - Remuneration Package: Detailed compensation structure including benchmarks and review mechanisms

3. Schedule 3 - Benefits Details: Comprehensive list of benefits and their terms

4. Schedule 4 - Company Policies: Key corporate policies applicable to the executive role

5. Schedule 5 - Performance Metrics: KPIs and performance evaluation criteria

6. Appendix A - Power of Attorney: Specific authorities granted to the executive director

7. Appendix B - Conflict of Interest Declaration: Initial disclosure of any potential conflicts

8. Appendix C - Approved Outside Directorships: List of pre-approved board positions or external commitments