Skip to main content
Become a member
  • Register
  • Login

Register Login

Details

Factsheets

What should be included in a Service Agreement for directors?

14 Jun 2019

An Executive Director has rights and obligations arising as an employee as well as a director of the company. It is important to remember that these two roles are separate but related. A director's Service Agreement is a more complex contract of employment than the basic contract of employment.

It can comprise one or more documents but generally the main terms will be contained in the Service Agreement. The term 'Service Agreement' or 'Service Contract' is generally used for an employment contract that is given to a director but in essence it is just an employment contract.

This factsheet is primarily intended for Directors of private limited companies and unquoted public limited companies. Directors of listed public limited companies will be subject to additional provisions.  


This content is for members only.

Gain unlimited access to all of the resources and factsheets on IoD.com by joining as a member.

IoD membership can help you reach your full potential through its various membership packages.

Are you ready to become part of the UK's most dynamic community for business leaders?

Find out more about IoD membership

Join now  Login


Contact us

020 7451 3100

Business information

Enquire online


Opening hours

9am-5pm, Monday-Friday, excluding UK public holidays