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Managerial Agreement
"I need a Managerial Agreement for hiring a new Regional Sales Director for our Saudi-based technology company, who will be an expatriate from India starting March 2025, with responsibility for the GCC region and a team of 50 people."
1. Parties: Identification of the employer company and the manager, including full legal names, addresses, and relevant registration/ID numbers
2. Background: Context of the appointment, including the manager's position and general purpose of the agreement
3. Definitions: Key terms used throughout the agreement, including definition of the Business, Confidential Information, Intellectual Property, etc.
4. Appointment and Term: Details of the position, effective date, and duration (fixed-term or indefinite)
5. Duties and Responsibilities: Comprehensive outline of the manager's role, reporting lines, and scope of authority
6. Working Hours and Location: Standard working arrangements, flexibility requirements, and primary work location
7. Remuneration and Benefits: Base salary, bonuses, allowances, and benefits package in compliance with Saudi Labor Law
8. Leave Entitlements: Annual leave, sick leave, and other types of leave as per Saudi Labor Law
9. Confidentiality: Obligations regarding company information and trade secrets
10. Non-Competition and Non-Solicitation: Post-employment restrictions in accordance with Saudi law
11. Intellectual Property: Ownership and rights related to work products and innovations
12. Termination: Grounds and procedures for termination, notice periods, and consequences
13. Governing Law and Jurisdiction: Specification of Saudi law as governing law and relevant dispute resolution mechanisms
1. International Travel: For roles requiring significant international travel, detailing travel policies and allowances
2. Delegation of Authority: Specific powers of attorney and signing authorities, used for senior executive positions
3. Performance Metrics: Detailed KPIs and performance evaluation criteria, typically for performance-based compensation structures
4. Compliance Requirements: Industry-specific compliance obligations, particularly relevant for regulated sectors
5. Secondment Terms: For managers seconded from international companies or group entities
6. Religious Accommodation: Specific provisions for religious observances and practices
7. Housing and Transportation: Details of housing and transportation benefits, particularly for expatriate managers
8. Family Benefits: Additional benefits related to family members, typically for expatriate packages
1. Schedule 1 - Compensation Structure: Detailed breakdown of salary components, bonus calculations, and benefit valuations
2. Schedule 2 - Position Description: Detailed job description, responsibilities, and reporting relationships
3. Schedule 3 - Performance Metrics and KPIs: Specific performance indicators and measurement criteria
4. Schedule 4 - Company Policies: Key company policies applicable to the manager's role
5. Schedule 5 - Benefits Package: Detailed description of all benefits and allowances
6. Schedule 6 - Delegation of Authority Matrix: Specific authorities and limitations on the manager's powers
7. Appendix A - Code of Conduct: Company's code of conduct and ethical requirements
8. Appendix B - Compliance Documentation: Required compliance certifications and declarations
Authors
Applicable Laws
Board
Business
Business Day
Cause
Company
Confidential Information
Effective Date
Executive Committee
Good Faith
Group
Intellectual Property Rights
KPIs
Management Team
Manager
Notice
Parent Company
Performance Targets
Position
Probationary Period
Prohibited Activities
Related Parties
Remuneration
Reporting Line
Restricted Period
Saudi Labor Law
Scope of Authority
Services
Sharia
Subsidiary
Term
Territory
Trade Secrets
Working Hours
Term and Duration
Duties and Responsibilities
Authority and Powers
Remuneration
Bonus and Incentives
Benefits
Working Hours
Location of Work
Reporting Structure
Performance Requirements
Annual Leave
Sick Leave
Religious Observance
Travel Requirements
Expenses
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Data Protection
Company Property
Compliance
Code of Conduct
Conflict of Interest
Training and Development
Probationary Period
Notice Period
Termination
Garden Leave
Force Majeure
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Assignment
Notices
Third Party Rights
Waiver
Interpretation
Banking and Financial Services
Manufacturing
Oil and Gas
Healthcare
Technology
Retail and Consumer Goods
Construction and Real Estate
Telecommunications
Education
Professional Services
Hospitality and Tourism
Transportation and Logistics
Mining and Minerals
Energy and Utilities
Government and Public Sector
Human Resources
Legal
Executive Office
Board Secretariat
Compliance
Finance
Operations
Sales and Marketing
Information Technology
Research and Development
Strategy
Corporate Communications
Risk Management
Project Management Office
Chief Executive Officer
Managing Director
General Manager
Department Director
Regional Manager
Division Head
Country Manager
Operations Manager
Finance Director
Sales Director
Technical Director
Project Director
Branch Manager
Executive Vice President
Senior Manager
Head of Department
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