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Management Contract Template for Denmark

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Key Requirements PROMPT example:

Management Contract

I need a Management Contract for hiring a new Chief Technology Officer in our Copenhagen-based software company, starting March 1, 2025, with specific provisions for stock options and international travel requirements.

What is a Management Contract?

The Management Contract serves as a crucial legal document for establishing and governing the employment relationship between a company and its senior executives in Denmark. This document is typically used when appointing managing directors, C-suite executives, and other senior managers, providing a comprehensive framework that outlines their rights, responsibilities, and obligations. The contract must comply with Danish employment law, including mandatory provisions of the Danish Salaried Employees Act, while also addressing specific requirements of executive positions such as performance expectations, strategic responsibilities, and protection of company interests. The Management Contract includes detailed terms regarding remuneration packages, bonus schemes, equity participation, and post-employment restrictions, tailored to the specific needs of senior management roles while ensuring alignment with Danish legal requirements and corporate governance standards.

What sections should be included in a Management Contract?

1. Parties: Identification of the company and the manager, including their full legal names and addresses

2. Background: Context of the appointment and brief description of the company and management position

3. Definitions: Key terms used throughout the agreement

4. Appointment and Duration: Position title, commencement date, and term of appointment (fixed-term or indefinite)

5. Duties and Responsibilities: Detailed description of management role, reporting lines, and key responsibilities

6. Time Commitment and Location: Working hours, place of work, and travel requirements

7. Remuneration: Base salary, review mechanisms, and payment terms

8. Benefits: Standard benefits package including pension, insurance, and company car if applicable

9. Holidays and Leave: Holiday entitlement and rules regarding other types of leave

10. Sickness and Absence: Procedures for reporting absence and sick pay entitlements

11. Confidentiality: Obligations regarding company confidential information

12. Intellectual Property: Ownership and protection of IP created during employment

13. Data Protection: Compliance with GDPR and Danish data protection laws

14. Termination: Notice periods and grounds for termination

15. Post-Termination Restrictions: Non-compete and non-solicitation clauses

16. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction

What sections are optional to include in a Management Contract?

1. Bonus Arrangements: Details of performance-based bonuses or incentive schemes, used when variable compensation is part of the package

2. Share Options: Terms of any share option or equity participation schemes, included when equity-based compensation is offered

3. Board Position: Terms related to board membership, if the manager will also serve on the company's board

4. International Travel: Specific provisions for international assignments or regular travel, included for roles with significant international responsibilities

5. External Directorships: Rules regarding holding positions in other companies, included when relevant to the position

6. Relocation Package: Terms of relocation assistance, included when the manager needs to relocate

7. Change of Control: Provisions addressing manager's rights in case of company ownership change

8. Garden Leave: Provisions allowing the company to require the manager to stay away from work during notice period

What schedules should be included in a Management Contract?

1. Schedule 1 - Job Description: Detailed description of roles, responsibilities, and key performance indicators

2. Schedule 2 - Remuneration Package: Detailed breakdown of salary, benefits, and bonus structures

3. Schedule 3 - Company Policies: Key company policies applicable to the management position

4. Schedule 4 - Bonus Scheme Rules: Detailed rules and calculations for any bonus arrangements

5. Schedule 5 - Share Option Scheme: Details of any share option or equity participation schemes

6. Appendix A - Confidential Information: Definition and examples of confidential information

7. Appendix B - Approved External Appointments: List of pre-approved external directorships or appointments

8. Appendix C - Company Car Policy: Terms and conditions of company car benefit if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































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Relevant Industries

Manufacturing

Technology

Financial Services

Professional Services

Retail

Healthcare

Education

Construction

Energy

Transportation

Telecommunications

Real Estate

Media and Entertainment

Consumer Goods

Hospitality

Relevant Teams

Human Resources

Legal

Executive Leadership

Corporate Governance

Board Secretariat

Compensation and Benefits

Talent Management

Corporate Affairs

Risk Management

Compliance

Relevant Roles

Chief Executive Officer (CEO)

Managing Director

Chief Financial Officer (CFO)

Chief Operating Officer (COO)

Chief Technology Officer (CTO)

Chief Marketing Officer (CMO)

Division Director

Country Manager

Regional Director

General Manager

Executive Vice President

Senior Vice President

Department Head

Business Unit Director

Branch Manager

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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