DIRECTOR'S SERVICE AGREEMENT

This Service Agreement is made on 24 November 2024

Between

Company:     PARTY_2_NAME
Address:       PARTY_2_ADDRESS_MULTI_LINE

Director:      PARTY_1_NAME
Address:        PARTY_1_ADDRESS_MULTI_LINE
Identification:  EMPLOYEE_ID

For valuable consideration, the Company and the Director agree as follows:

1.    DUTIES AND JOB DESCRIPTION

1.1.    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.

1.2.    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.

1.3.    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.

2.    PERIOD OF EMPLOYMENT

2.1.    The Director will commence work on COMMENCEMENT_DATE (“Commencement Date”).

2.2.    The employment of the Director shall be, subject to the terms of this Service Agreement, for an indefinite period, unless earlier terminated upon the earliest of the following occurring (the “Term”):

• The date that the Director has not been re-elected in the Annual General Meeting; or

• The date that the Director is removed by action of one or more of the Company’s shareholders in accordance with the Company’s Clauses of Association; or

• The date that the Director resigns from the Company’s board of directors, provided that the Director previously provided to the Company 30 days advance written notice of such intention to resign.

2.3.    The Director shall not be required to work on Statutory Holidays.

2.4.    The Director shall be entitled to ANNUAL_LEAVE days of paid annual leave per year.  Requests for leave must be approved by the Company and the timing of any leave will depend on the Company’s requirements.  The annual leave year runs from 1 January to 31 December in each year.  In the year of commencement or termination of employment, the Director’s leave entitlement will be calculated pro rata based on full months worked in the year.

2.5.    The Director’s period of continuous employment for statutory employment rights purposes will commence on the Commencement Date.  The Company will treat no previous employment as continuous with the Director’s employment with the Company.

3.    RETURN OF PROPERTY

3.1.    All property including, but not limited to, files, manuals, equipment, securities, and monies of any and all customers of the Company related to the provision of the Services that are, from time to time, in the possession or control of the Director will be, at all times, the exclusive property of the Company. The Director shall forthwith deliver all aforesaid property to the Company on the earlier of:

Director




* I have received a copy of the Service Agreement from the Company concerning my employment. I have read, considered and understood and hereby accept its terms and conditions. I acknowledge having been given an opportunity to obtain any legal consultation and advice with respect to the terms and conditions herein, and execute this Service Agreement freely and voluntarily with full understanding of its contents. This Service Agreement and my employment hereunder have not been induced by any representations of the Company not contained herein.

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