VIEWS: 1,891 PAGES: 6 CATEGORY: Employee Pay and Benefits POSTED ON: 1/20/2012
This Board of Directors Agreement sets forth the compensation terms between a director elected to fill a vacancy on a Board of Directors and a company. The document contains confidentiality and non-disclosure clauses, and also permits customization to ensure the particular compensation arrangement between the parties is adequately set forth. This document in its draft form contains numerous of the standard clauses commonly used in these types of agreements, and additional language may be added, allowing for customization to ensure both parties’ needs are met. This agreement should be used by small businesses or other entities that operate as corporations and want to enter into a compensation agreement with their board members.
"Board of Directors Agreement"