Free Executive Director Contract Template
Executive Director Contract
1. Introduction
This Executive Director Contract ("Contract") is entered into between [Your Company Name], with its principal place of business at [Your Company Address], hereinafter referred to as the ("Organization"), and [Executive Director's Name], an individual residing at [Executive Director's Address], hereinafter referred to as the ("Executive Director"), effective as of [Effective Date].
2. Appointment and Responsibilities
2.1 Appointment of Executive Director
The Organization hereby appoints an Executive Director to serve as its Executive Director, and the Executive Director accepts such appointment, effective as of the Effective Date.
2.2 Responsibilities of the Executive Director
The Executive Director shall have the following responsibilities:
A. Provide strategic leadership and direction in alignment with the organization's mission and objectives.
B. Oversee day-to-day operations and ensure the efficient functioning of all departments.
C. Develop and implement policies and procedures to promote organizational growth and sustainability.
D. Represent the organization in external affairs, including but not limited to meetings, conferences, and public relations events.
E. Report regularly to the Board of Directors on the organization's activities, financial performance, and any significant developments.
3. Compensation and Benefits
3.1 Base Salary:
The Executive Director shall be entitled to receive a base salary of $120,000 per annum, payable in bi-weekly installments by the Organization's standard payroll practices.
3.2 Additional Compensation:
The Executive Director may be eligible for additional compensation, bonuses, or incentives as determined by the Board of Directors based on the achievement of predetermined goals and objectives.
3.3 Benefits:
The Executive Director shall be entitled to participate in the Organization's employee benefits programs, including health insurance, retirement plans, and paid time off, by the Organization's policies and procedures.
4. Term and Termination
4.1 Term:
This Contract shall commence on April 1, 2050, and shall continue until terminated by the provisions herein.
4.2 Termination by Either Party:
Either party may terminate this Contract upon thirty (30) days prior written notice to the other party.
4.3 Termination for Cause:
The Organization may terminate this Contract immediately for cause in the event of the Executive Director's material breach of any provision herein, including but not limited to gross misconduct, negligence, or failure to perform duties.
4.4 Effects of Termination:
Upon termination of this Contract for any reason, the Executive Director shall be entitled to receive any unpaid compensation and benefits accrued up to the effective date of termination.
5. Confidentiality and Non-Disclosure
5.1 Confidential Information:
During the term of this Contract and thereafter, the Executive Director shall maintain the confidentiality of all proprietary and confidential information belonging to the Organization, including trade secrets, financial information, and donor lists.
5.2 Non-Disclosure:
The Executive Director shall not disclose or use for personal gain any confidential information obtained during employment with the Organization, except as required by law or with the prior written consent of the Organization.
6. Governing Law
This Contract shall be governed by and construed by the laws of the State of California. Any dispute arising out of or relating to this Contract shall be resolved exclusively through arbitration in California by the rules of the American Arbitration Association.
7. Entire Agreement
This Contract constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.
IN WITNESS WHEREOF, the parties hereto have executed this Contract as of the Effective Date first above written.
[YOUR COMPANY NAME] (Organization)
[DATE SIGNED]
[EXECUTIVE DIRECTOR'S NAME] (Executive Director)
[DATE SIGNED]
