Drafting directors' service contracts covers the terms governing how a director is employed by a company, from appointment and duties to pay, notice, termination, restrictive covenants and post-termination rights. A solicitor in this area drafts, reviews and negotiates the contract, balancing the director’s remuneration, incentive schemes, and any restraint or non-solicitation provisions with the company’s governance needs and commercial strategy. The work also involves ensuring compliance with employment and company law, addressing issues such as share schemes, change of control, and confidentiality and IP protections.
What a solicitor handles in these matters
The drafting solicitor handles provisions, structures and interaction points that generate difficulty: identifying the correct combination of duties, performance expectations, notice periods, termination triggers, compensation packaging, and restrictive covenants, while aligning with company articles, shareholder expectations and compliance requirements.