Executive Agreement
This Executive Agreement allows a company to employ a person as an executive, which generally means a non-executive director.
(0 reviews)
Last updated January 21, 2025
Under 15 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
The Executive Agreement provides more extensive provisions than the Director Agreement, as an Executive is an employee of the company.
Note that completing this Agreement is not sufficient for a person to become a director of a company. See either of the following for more information on this process:
The Legal Risk Score of a Executive Agreement Template
Our legal team have marked this document as medium risk considering:
- Directors are given a range of indemnities and powers, which can be a burden on the running on the company.
- The director will be non-independent and that may affect their trust and decision making.
- The director may have different rights and obligations to other directors, which may cause tension.
Executive Agreement Checklist
Complete your free Executive Agreement with our checklist
Ensure Proper Authorisation
Verify that the person signing the agreement on behalf of the company has the proper authorization to do so, as indicated in the document.
Secure Director's Signature
Ensure that the director signs the agreement to confirm their understanding and acceptance of the terms outlined.
Document Storage
Store the signed agreement in a secure location where it can be easily accessed for future reference and compliance checks.
Notify Relevant Parties
Inform all relevant parties within the company, such as the board of directors and key management, about the director's appointment and the terms of the agreement to ensure alignment and transparency.
What does the Executive Agreement cover?
- Responsibilities
- Remuneration pacakage
- Reporting
- Insurance and litigation
- Confidentiality
- Restraints
- General agreement provisions
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