Managing Director Agreement Template

Mr. Merk has been appointed Managing Director of the GmbH.M. Merk has accepted his appointment as Managing Director of the GmbH. Mr. Merk`s activity as manager of gmbH is based on the subsequent management agreement, which is very important for the company and for the manager, that the service contract of the manager is carefully drawn up. The service contract governs the rights and obligations of the manager and the company. It is customary for the service contract to provide that the manager`s remuneration is, at least in part, in the form of options or shares. Such remuneration agreements should be clearly defined in the service contract. The employment contract should also specify what will happen to the termination of the contract, in the first place the period of notice of the manager, the compensation for the termination of the contract and possibly the relocation. In addition, it is desirable to provide for pension benefits in the service contract and to submit an application for competition after the termination of the service contract. A worker may compete with his former employer after the end of the employment relationship, unless there is a restrictive agreement/restriction of the business agreement before the worker leaves the employment relationship. . .

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