Directors Service Agreement Template Free

DIRECTORS SERVICE AGREEMENT

Document ID: TR-DS-8829
Effective Date: [____/____/2026]

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INSTRUCTIONS FOR USE

• Completion: This agreement must be completed by the Company Secretary or Legal Counsel in conjunction with the Appointee. Ensure all bracketed fields are reconciled with the Company’s Articles of Association.
• Retention: The executed original must be stored in the Company’s Corporate Minute Book or secured digital repository for a minimum of 7 years following the termination of the Director’s tenure.
• Mandatory Attachments: Ensure this agreement is accompanied by: (1) A current Board Resolution authorizing the appointment, (2) Signed Indemnity Deed, and (3) Schedule of Shareholder Reserved Matters (if applicable).

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1. PARTIES

This Agreement is entered into between:

• The Company: [________________] (Registered Office: [________________])
• The Director: [________________] (Address: [________________])

2. APPOINTMENT AND TERM

• Role: The Director is appointed as a [________________] of the Company.
• Term: This appointment commences on [____/____/2026] and continues until terminated by either party in accordance with the notice periods defined herein.

3. DUTIES AND OBLIGATIONS

The Director agrees to:

• Act in accordance with the Company’s Articles of Association and applicable laws.
• Exercise independent judgment and reasonable care, skill, and diligence.
• Attend Board meetings as scheduled (Minimum [____] per annum).
• Avoid conflicts of interest and declare any personal interests as per Section [____] of the Companies Act.

4. REMUNERATION AND EXPENSES

• Director’s Fees: The Company shall pay the Director a gross fee of [________________] per annum.
• Payment Frequency: [ ] Monthly [ ] Quarterly [ ] Annually
• Expenses: Reasonable out-of-pocket expenses incurred in the performance of duties shall be reimbursed upon submission of valid receipts, subject to the Company’s Expense Policy.

5. CONFIDENTIALITY

The Director acknowledges that they will have access to "Confidential Information." The Director shall not, during the term or after termination, disclose such information to any third party without prior written consent from the Board.

6. TERMINATION

Either party may terminate this agreement by providing [____] days' written notice. The Company reserves the right to terminate immediately for cause, including:

• Material breach of duties.
• Criminal conviction (excluding minor traffic offenses).
• Bankruptcy or insolvency.
• Disqualification under applicable law.

7. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of [________________].

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8. EXECUTION

FOR THE COMPANY:

Signature: __________________________
Printed Name: [________________]
Title: [________________]
Date: [____/____/2026]

FOR THE DIRECTOR:

Signature: __________________________
Printed Name: [________________]
Date: [____/____/2026]

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Disclaimer: This document is provided as a standardized framework. Consult qualified legal counsel for jurisdiction-specific statutory compliance.