DIRECTOR'S SERVICE AGREEMENT
This Service Agreement is made on 29 April 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 engaged in the position of director of the board as an independent contractor 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 ENGAGEMENT
2.1. The Director will commence work on COMMENCEMENT_DATE (“Commencement Date”).
2.2. The engagement 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 be an independent contractor and not the servant, employee, or agent of the Company, it being recognised, however, that to the extent the provisions of this Agreement resulting in the creation of an agency relationship to allow the Director to perform certain of the Services on behalf of the Company, then the Director shall, in that context, be the agent of the Company, as the case may be.
2.4. The Director is not entitled to participate in any benefits or pension plan provided by the Company to any of its employees. Except as is required by law, the Director will not receive any of the following or similar payments from the Company: vacation pay; holiday pay; sick pay; overtime pay; benefits; or automobile allowance or company car.
2.5. Subject to compliance with the provisions of this Agreement, the Director may, at any time or times during the Term, carry on the business of providing services to the general public either alone or in association or partnership with another or others, so long as such provision of services does not: create a conflict of interest with the interests of the Company; hinder the Director from his commitment to providing the Services to the Company, or prevent the Director from providing the Services in a timely and competent manner.
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