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Non Executive Unpaid Director Service Contract
Contracts of employment for directors in all organizations and many variations in plain English
(PRWEB) March 19, 2005 -- The UK Legal Documents Company, NetLawMan Ltd (http://www.netlawman.co.uk) is offering Legal Documents and Legal Advice for purchasers who purchase documents from NetLawman.
Andrew R. Taylor, the founder of NetLawman http://www.netlawman.co.uk said that NetLawman fills the need for Intermediate help at Low fixed costs to its clients where direct Solicitor assistance is not needed, cutting their legal expenses significantly. This is why NetLawMan has been trusted across England and Wales by thousands of satisfied customers within two years of its launch"
Gone are the days when a director's service contract merely reflected the "deal" for the employment. Today a company is under a statutory obligation to provide written terms of employment to a director, as to any other employee. Of course it is advantageous to both sides to set down the employent package in a contract, rather than a few words from the company.
These documents have been drawn for providing critical protection for the board and the company. Some of these provisions may be required to comply with the law. The explanatory notes, which come with these documents, will guide you as to the importance of specific issues.
Some directors' employment deals are complicated by company-specific bonus or other schemes. Clearly, we are unable to cover all eventualities that you may dream up. We can however, provide expert advice on your own individual scheme and draft the appropriate provisions. Please see http://www.netlawman.co.uk/info/employment-law.php for further details
These documents can be used by either The governing body of a company, hospital trust, charity, local authority or other organisation agreeing terms with a new director or changed terms with an existing office holder or an individual director wishing to write his own contract in terms which specifically suit him.
These documents:
- protect the board from criticism;
- protect the company from claims both before an Industrial Tribunal and in court;
- protect the director from unreasonable demands;
- provide a "shopping list" of possible director perquisites;
- help the company to comply with employment regulations;
- include principal provisions of the Employment Act 2002, effective April 2003;
- director is employee / not an employee / is self employed / is not employed and takes no pay;
- flexible - alternative paragraphs to suit your needs;
This document includes provision for:
- compliance with Working Time Regulations 1998;
- alternative holiday arrangements;
- alternative pension provision;
- all usual perquisites;
- retirement;
- sickness, certification, sick pay;
- arrangements during notice period;
- director's compliance with all stock exchange and similar regulations;
- extensive protection of new intellectual property;
- summary termination and matters after termination;
- confidentiality and data protection;
- clear and comprehensive grievance and disciplinary procedures;
- contracting out of entitlement to redundancy payment and certain other rights on expiry of the fixed term.
Andrew R. Taylor also said The focus of Netlawman has been to provide the most affordable and easy to use service that is very stringent about quality. The Word NetLawMan is synonymous with Quality of legal service, and we always strive to improve upon our standards."
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