Nominee Director Service Agreement Template
Sample Nominee Director Service Agreement
Parties:
Company (hereinafter referred to as the "Company"), a company incorporated under the laws of Singapore.
Corporate Secretary Company (hereinafter referred to as the "Corporate Secretary Company"), a company incorporated under the laws of Singapore.
Recitals:
The Company desires to appoint a nominee director to its board of directors.
The Corporate Secretary Company has agreed to provide nominee director services to the Company.
Agreement:
Appointment of Nominee Director: The Corporate Secretary Company shall appoint one of its employees or associates to serve as a nominee director on the board of directors of the Company (the "Nominee Director").
Nominee Director's Duties: The Nominee Director shall act in good faith and in the best interests of the Company. The Nominee Director shall comply with all applicable laws, regulations, and the Company's constitution.
Remuneration: The Company shall pay the Corporate Secretary Company a fixed fee of [Amount] per annum for the Nominee Director's services. This fee shall be payable [Frequency].
Indemnification: The Company shall indemnify and hold harmless the Corporate Secretary Company and its employees and associates from and against any and all losses, damages, claims, liabilities, costs, and expenses (including legal fees) arising out of or in connection with the Nominee Director's services.
Confidentiality: The Corporate Secretary Company shall keep confidential all information obtained from the Company that is designated as confidential.
Term and Termination: This Agreement shall commence on [Date] and shall continue in full force and effect until terminated by either party upon [Notice Period] written notice to the other party.
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of Singapore.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
[Company Name]
By:
[Authorized Signatory]
[Title]
[Corporate Secretary Company]
By:
[Authorized Signatory]
[Title]
Note:
Specific provisions: Consider adding provisions related to:
The Nominee Director's voting rights and powers.
The Company's right to remove the Nominee Director.
Intellectual property rights arising from the Nominee Director's services.
Customizations: Tailor the agreement to your specific needs and circumstances.
Again, this is just a general template. It's essential to seek professional legal advice for a comprehensive and tailored agreement.
Disclaimer:
This is a general template. It's crucial to consult with a legal professional in Singapore to ensure the agreement is tailored to your specific circumstances and complies with local laws and regulations.
Legal advice: Consult with a Singapore lawyer to ensure the agreement is legally sound and protects your interests.
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