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The Executive Employment Agreement is a crucial document used when appointing senior executives in organizations operating under Dutch law. It serves as the primary contract governing the employment relationship between a company and its executive-level employees, including managing directors (bestuurders) and other senior officers. This agreement is particularly important as it must balance Dutch employment law requirements with corporate law considerations, especially regarding appointment and dismissal procedures. The document typically includes comprehensive provisions on remuneration, bonuses, benefits, duties, non-competition, and termination rights, while ensuring compliance with specific Dutch legal requirements such as works council consultation rights and corporate governance codes. It's essential for organizations seeking to formalize executive relationships while maintaining legal compliance and protecting both parties' interests within the Dutch legal framework.

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

2. Background: Context of the appointment, including any relevant corporate approvals and conditions precedent

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Position: Specification of the executive role, corporate titles, and board positions

5. Term and Notice: Duration of appointment, notice periods, and renewal terms

6. Duties and Responsibilities: Detailed description of executive duties, reporting lines, and authority limits

7. Time Commitment and Location: Working hours, work location, and travel requirements

8. Remuneration: Base salary, adjustments, and payment terms

9. Bonuses and Incentives: Short-term and long-term incentive structures

10. Benefits and Expenses: Insurance, pension, car allowance, and expense reimbursement

11. Holidays and Leave: Vacation entitlement and other leave provisions

12. Illness and Incapacity: Sick leave terms and long-term disability provisions

13. Confidentiality: Protection of company confidential information

14. Intellectual Property: Assignment of IP rights and related obligations

15. Non-Competition and Non-Solicitation: Post-employment restrictions and their geographical/temporal scope

16. Termination: Grounds for termination and consequences

17. Return of Company Property: Obligations upon termination regarding company assets

18. Governing Law and Jurisdiction: Application of Dutch law and jurisdiction of courts