Executive and directors service agreements

Nowadays, the terms on which directors and senior executives are employed are subject to close examination. Companies and shareholders will increasingly require well drafted service agreements, which carefully regulate a directors’ appointment or that of any senior executive. These should demonstrate that pay and benefits have been properly scrutinized.

The Companies Act plays an important role, as does the requirement for tax efficiency and the demands of the Inland Revenue. Executive directors are almost always employees of a business, and this has a number of implications in terms of employment and equal opportunities legislation, as well as case law – which affect the ways directors are engaged and remunerated.

“Adams is experienced at drafting and negotiating executive and directors service agreements, and can guide you through the process cost-effectively and often, at speed.”