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Executive Employment Agreement for United Arab Emirates

Executive Employment Agreement Template for United Arab Emirates

A comprehensive employment agreement governed by UAE law, specifically designed for executive-level positions in organizations operating within the United Arab Emirates. The agreement incorporates provisions compliant with UAE Federal Labor Law No. 33 of 2021, addressing key aspects such as duties, compensation, benefits, and post-employment obligations. It includes specific considerations for executive-level responsibilities, corporate governance requirements, and protection mechanisms for both the employer and executive, while ensuring alignment with UAE's unique business environment and legal framework.

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What is a Executive Employment Agreement?

The Executive Employment Agreement is a crucial document for organizations operating in the UAE who are appointing senior-level executives. This agreement is specifically tailored to comply with UAE Federal Labor Law No. 33 of 2021 and related regulations, while addressing the unique aspects of executive employment relationships. It serves as a comprehensive contract that outlines the terms and conditions of employment for senior executives, including detailed provisions on compensation, benefits, duties, responsibilities, and post-employment obligations. The agreement is particularly important in the UAE context where employment relationships are heavily regulated and executive positions often involve complex remuneration structures and corporate governance responsibilities. It provides necessary protections for both the employer and executive while ensuring compliance with local laws regarding employment, immigration, and corporate governance.

What sections should be included in a Executive Employment Agreement?

1. Parties: Identification of the employer company and the executive, including full legal names and addresses

2. Background: Context of the appointment and brief description of the business

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Position title, effective date, and duration of employment

5. Duties and Responsibilities: Detailed description of executive role, reporting lines, and key responsibilities

6. Place of Work: Primary work location and travel requirements

7. Hours of Work: Working hours expectations while acknowledging executive nature of role

8. Remuneration: Base salary, payment frequency, and currency

9. Bonus and Incentives: Performance bonus, profit sharing, and other incentive structures

10. Benefits: Health insurance, allowances, and other benefits as per UAE law and company policy

11. Leave Entitlements: Annual leave, public holidays, sick leave, and other leave types

12. Confidentiality: Protection of company confidential information and trade secrets

13. Intellectual Property: Ownership of work product and innovations

14. Non-Competition and Non-Solicitation: Post-employment restrictions as permitted under UAE law

15. Termination: Grounds for termination, notice periods, and consequences

16. End of Service Gratuity: Calculation and payment of gratuity as per UAE law

17. Governing Law and Jurisdiction: UAE law as governing law and jurisdiction for disputes

What sections are optional to include in a Executive Employment Agreement?

1. Corporate Governance: Required if executive has board responsibilities or corporate governance duties

2. Share Options: Include if share options or equity participation is part of compensation package

3. International Travel: Required if role involves significant international travel or overseas postings

4. Garden Leave: Include if company wants right to place executive on paid leave during notice period

5. Change of Control: Include provisions relating to change in company ownership or merger scenarios

6. Ethical Compliance: Required if industry has specific ethical compliance requirements

7. Data Protection: Required if executive has access to sensitive personal data or if employer is in regulated sector

8. Secondment: Include if executive may be seconded to affiliated companies

9. Diplomatic Status: Required if executive holds diplomatic status or privileges

What schedules should be included in a Executive Employment Agreement?

1. Schedule 1 - Duties and Responsibilities: Detailed list of executive's duties, authorities, and reporting requirements

2. Schedule 2 - Compensation Details: Detailed breakdown of salary components, allowances, and benefits

3. Schedule 3 - Bonus Scheme: Details of performance metrics, calculation methods, and payment terms for bonuses

4. Schedule 4 - Share Option Plan: Terms and conditions of any share option or equity participation scheme

5. Schedule 5 - Company Policies: Key company policies applicable to executive position

6. Appendix A - Power of Attorney: If executive requires specific authorities to act on behalf of company

7. Appendix B - Permitted Outside Interests: List of pre-approved directorships or other business interests

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Employment Contract

Cost

Free to use
Relevant legal definitions










































Clauses






































Relevant Industries

Banking & Financial Services

Real Estate & Construction

Technology & Telecommunications

Oil & Gas

Healthcare

Retail & Consumer Goods

Manufacturing

Professional Services

Hospitality & Tourism

Education

Media & Entertainment

Transportation & Logistics

Relevant Teams

Human Resources

Legal

Finance

Board Secretariat

Compliance

Corporate Governance

Risk Management

Operations

Strategy

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Managing Director

Executive Director

Country Manager

Regional Director

General Manager

Vice President

Senior Vice President

Group Director

Head of Department

Chief Technology Officer

Chief Marketing Officer

Chief Human Resources Officer

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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