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Director's Service Agreement between Company and the Director as an employee of the Company. The director is paid a salary with specific director's duties to perform.
The Director is employed in the position of director of the board and will devote such time attention and skill as may be reasonably required to discharge the duties of his office in relation to the role.
The Director shall provide services described in the Schedule attached hereto (the “Services”), and the Director agrees to perform such Services. The Director also agrees to perform further duties incidental to the general job description.
The Company shall provide on a timely basis, all facilities, equipment and consumables required for the performance of the Director’s duties under this Service Agreement.
This service agreement should be used when a company engages a director and wants their legal status to be that of an employee, and not an independent contractor.
This document should be filled out and carefully read by both the director and the company.