${Title}
Get Access

Join Now
Browse Template

Non Executive Director Agreement

Short Form

Looking for an agreement to assist your activities in the community? Our Community Engagement Agreement is a legal contract that can help!

How to Tailor the Document for Your Need?

01

Create Document

Fill in the details of the parties. You can click the "Fill with Member’s Information" button to complete it with information saved to your account.

02

Fill Information

Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the "Next" button.

03

Get Document

When you are done, click the "Get Document" button and you can download the document in Word or PDF format.

04

Review Document

Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document.

Document Preview

Document Description

A Non-Executive Director (NED) Agreement is a formal contract between a company and a non-executive director, outlining the terms and conditions of their appointment. Unlike executive directors, NEDs are not involved in the day-to-day management of the company but provide independent oversight, strategic guidance, and governance. The agreement ensures clarity on the role, responsibilities, and expectations of the NED.

Key Inclusions in a Non-Executive Director Agreement:

  1. Role and Responsibilities: Defines the NED's duties, such as attending board meetings, contributing to strategy, and ensuring compliance with legal and regulatory requirements.

  2. Time Commitment: Specifies the expected time commitment, including the number of board meetings or committee meetings the NED is required to attend.

  3. Term of Appointment: Outlines the duration of the appointment, whether fixed-term or ongoing, and the notice period for termination.

  4. Remuneration: Details the fees, expenses, and any other benefits (e.g., share options) the NED will receive.

  5. Confidentiality: Includes clauses to protect sensitive company information and trade secrets.

  6. Conflict of Interest: Requires the NED to disclose any potential conflicts and abstain from decisions where a conflict exists.

  7. Termination Clauses: Explains the circumstances under which the agreement can be terminated by either party.

 

How to use this document?

To use this document effectively, follow these steps:

1. Provide the required information of the parties 

2. Understand the provisions: Familiarize yourself with the terms provided in the document to ensure a clear understanding of the terms used throughout the agreement.

3. Execute the Agreement: Sign and deliver the document promptly, ensuring that it is properly executed and delivered.

4. Seek legal advice if needed: If you have any questions or concerns about the document or its implications, consult with a legal professional to ensure that you fully understand your rights and obligations.

 

Related Documents