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Interim Management Agreement
I need an Interim Management Agreement for a CFO position in our manufacturing company, starting March 1, 2025, to manage a corporate restructuring project for approximately 6 months, with specific provisions for handling sensitive financial data and coordinating with our Danish parent company.
1. Parties: Identification of the company and the interim manager/management company
2. Background: Context of the appointment and purpose of the interim management arrangement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Scope of appointment, duration, and renewal/extension provisions
5. Role and Responsibilities: Detailed description of the interim manager's duties and authority level
6. Time Commitment: Expected working hours, availability, and flexibility requirements
7. Fees and Expenses: Payment terms, rate structure, and reimbursable expenses
8. Reporting and Performance: Reporting lines, KPIs, and performance evaluation criteria
9. Integration with Organization: Relationship with existing management and staff, authority limits
10. Confidentiality: Protection of company information and trade secrets
11. Intellectual Property: Ownership of work products and developments
12. Data Protection: GDPR compliance and data handling requirements
13. Termination: Grounds for termination, notice periods, and consequences
14. Post-Termination Obligations: Ongoing duties after agreement ends
15. General Provisions: Standard legal clauses including governing law, notices, and entire agreement
1. Insurance Requirements: Specific insurance coverage requirements for high-risk sectors or roles
2. International Travel: Terms for international assignments and travel requirements
3. Regulatory Compliance: Specific compliance requirements for regulated industries
4. Team Provision: Terms for when the interim manager needs to bring additional team members
5. Success Fees: Performance-based additional compensation structure
6. Non-Compete: Restrictions on working with competitors during and after the engagement
7. Substitution Rights: Rights and process for substituting the interim manager
8. Crisis Management: Special provisions for managing crisis situations
1. Schedule 1 - Services Description: Detailed scope of services and deliverables
2. Schedule 2 - Fee Structure: Detailed breakdown of fees, rates, and payment terms
3. Schedule 3 - Key Performance Indicators: Specific performance metrics and targets
4. Schedule 4 - Company Policies: Relevant internal policies the interim manager must comply with
5. Schedule 5 - Authorized Representatives: List of key contacts and their authority levels
6. Schedule 6 - Handover Requirements: Documentation and knowledge transfer requirements
7. Appendix A - Reporting Ƶ: Standard formats for required reports and updates
8. Appendix B - Expense Policy: Guidelines for expense claims and reimbursement
Authors
Manufacturing
Financial Services
Technology
Healthcare
Retail
Professional Services
Energy
Construction
Transportation & Logistics
Pharmaceuticals
Telecommunications
Real Estate
Education
Non-Profit Organizations
Public Sector
Legal
Human Resources
Finance
Operations
Executive Leadership
Board Secretariat
Compliance
Risk Management
Corporate Governance
Procurement
Chief Executive Officer (CEO)
Chief Financial Officer (CFO)
Chief Operations Officer (COO)
Chief Technology Officer (CTO)
Chief Restructuring Officer (CRO)
Program Director
Project Director
Division Director
Managing Director
Turnaround Manager
Change Management Director
Transition Manager
Department Head
Business Unit Leader
General Manager
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