COMPANY DIRECTOR SERVICE CONTRACT
SAMPLE- COMPANY DIRECTOR SERVICE CONTRACT
This Agreement is made this
day of
BETWEEN
…………. (Company No. …. a limited liability
company incorporated in Malaysia and having its
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2
registered office at ……… (hereinafter
referred to as “the Company” of the one part;
AND
…….. (Nric No. ……..) of ……… (hereinafter
referred to as “Cheng”) of the other part.
WHEREAS
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3
NOW IT IS HEREBY AGREED as follows:
(A) The Board of Directors of GOLFshall
elect FS as Managing Director of the
Company until such time as the Board
sees fit.
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4
(B) FS shall devote such
of his time and attention during
business hours to the discharge of his
duties hereunder. FS shall not without
the consent of the Company during the
continuance of his Agreement be
engaged or interested either directly or
indirectly in any capacity in any similar
trade or business whatsoever other than
the business of the Company.
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5
1. TERMS AND CONDITIONS
1.1 To lead and direct the Company in the
best interest of the Company;
1.2 To exercise and carry out all such powers
and duties and shall observe and comply
with all lawful directions, restrictions and
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6
policies as the Board of Directors
of the Company (hereinafter referred to as
“the Board”) may from time to time confer
or impose upon him on all matters
concerning questions of policy;
1.3 To control the general management and
administration of the Business of the
Company;
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7
1.4 To oversee and direct all
marketing aspects of the Business of the
Company;
1.5 To act as representative and liaison officer
of the Company;
1.6 To hire and dismiss staff within the
directions given by the Board;
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8
1.7 To use his experience and business
expertise to promote growth and expansion
of the Business of the Company;
2. MANAGING DIRECTORS
RESPONSIBILITIES
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9
To render the Board such periodic reports
relating to the performance of the Company as the
Board from time to time, reasonably require;
To advise the Company on marketing strategies
to improve sales and marketing of the products and
services of the Company;
to assist in the creation of an appropriate image
for the Company;
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10
To make suggestions (if necessary) for
upgrading and improving the operation of the
Company;
FS is bound not to divulge any Company’s
secrets.
3. BASIC COMPENSATION
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11
For his services rendered to the Company
FS is entitled to a Fee of Ringgit Malaysia
……. (……….) per month or such higher
rate as may from time to time be
determined and notified to FS by the
Board.
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12
4. TRAVELLING,
ENTERTAINTMENT AND OTHER
EXPENSES
4.1 FS shall be reimbursed on all travelling
expenses incurred by FS to carry out the
business of the Company;
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13
4.2 FS shall be entitled to
reimburse all entertainment charges incurred
by FS to carry to carry out the business of the
Company;
4.3 FS shall be entitled to reimburse hand
phone charges as determined by the Board of
Directors;
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14
4.4 FS shall be entitled to a car
allowance as determined by the Board of
Directors.
5. REMOVAL OF MANAGING
DIRECTOR
5.1 The expiration or determination of this
Agreement howsoever arising shall not affect
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15
such of the provisions hereof as
are expressed to operate or have effect
thereafter and shall be without prejudice to any
right of action already accrued to either party
in respect of any breach of the Agreement by
the other party.
5.2 Any notice required to be served by the
other shall be sufficiently served if forwarded
by registered post to the address of the person.
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16
The initial addresses so designated by the
contracting parties hereto as set out in Clause
14 of this Agreement. Any notice sent out by
registered post shall be deemed to have been
given at the time that in due course of post it
would be expected to be delivered to the
address to which it was sent.
5.3 If any dispute or controversy arises
between the contracting parties herein set out
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17
of or in the course of performance of
this Agreement, the contracting parties shall
endeavour to settle it amicably by mutual
agreement.
5.4 In entering into this Agreement, the
contracting parties recognize that it is
impracticable to make provisions for every
contingency that may arise in the course of
performance hereof and accordingly the
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18
contracting parties hereby declare it to
be the intention that this Agreement shall
operate between them in fairness and without
detriment to the clear provisions of this
Agreement, if in the course of performances of
this Agreement unfairness to any party is
disclosed or anticipated then the contracting
parties hall use their best endeavours to agree
upon such action as may be necessary and
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19
equitable to remove the cause(s) of the
unfairness.
5.5 FS shall be personally and solely liable to
the relevant authorities arising from the above.
SIGNED BY )
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20
)
In the presence of:- )
This Agreement is made this
day of
BETWEEN
…………. (Company No. …. a limited liability
company incorporated in Malaysia and having its
Page 2 of 33
2
registered office at ……… (hereinafter
referred to as “the Company” of the one part;
AND
…….. (Nric No. ……..) of ……… (hereinafter
referred to as “Cheng”) of the other part.
WHEREAS
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3
NOW IT IS HEREBY AGREED as follows:
(A) The Board of Directors of GOLFshall
elect FS as Managing Director of the
Company until such time as the Board
sees fit.
Page 4 of 33
4
(B) FS shall devote such
of his time and attention during
business hours to the discharge of his
duties hereunder. FS shall not without
the consent of the Company during the
continuance of his Agreement be
engaged or interested either directly or
indirectly in any capacity in any similar
trade or business whatsoever other than
the business of the Company.
Page 5 of 33
5
1. TERMS AND CONDITIONS
1.1 To lead and direct the Company in the
best interest of the Company;
1.2 To exercise and carry out all such powers
and duties and shall observe and comply
with all lawful directions, restrictions and
Page 6 of 33
6
policies as the Board of Directors
of the Company (hereinafter referred to as
“the Board”) may from time to time confer
or impose upon him on all matters
concerning questions of policy;
1.3 To control the general management and
administration of the Business of the
Company;
Page 7 of 33
7
1.4 To oversee and direct all
marketing aspects of the Business of the
Company;
1.5 To act as representative and liaison officer
of the Company;
1.6 To hire and dismiss staff within the
directions given by the Board;
Page 8 of 33
8
1.7 To use his experience and business
expertise to promote growth and expansion
of the Business of the Company;
2. MANAGING DIRECTORS
RESPONSIBILITIES
Page 9 of 33
9
To render the Board such periodic reports
relating to the performance of the Company as the
Board from time to time, reasonably require;
To advise the Company on marketing strategies
to improve sales and marketing of the products and
services of the Company;
to assist in the creation of an appropriate image
for the Company;
Page 10 of 33
10
To make suggestions (if necessary) for
upgrading and improving the operation of the
Company;
FS is bound not to divulge any Company’s
secrets.
3. BASIC COMPENSATION
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11
For his services rendered to the Company
FS is entitled to a Fee of Ringgit Malaysia
……. (……….) per month or such higher
rate as may from time to time be
determined and notified to FS by the
Board.
Page 12 of 33
12
4. TRAVELLING,
ENTERTAINTMENT AND OTHER
EXPENSES
4.1 FS shall be reimbursed on all travelling
expenses incurred by FS to carry out the
business of the Company;
Page 13 of 33
13
4.2 FS shall be entitled to
reimburse all entertainment charges incurred
by FS to carry to carry out the business of the
Company;
4.3 FS shall be entitled to reimburse hand
phone charges as determined by the Board of
Directors;
Page 14 of 33
14
4.4 FS shall be entitled to a car
allowance as determined by the Board of
Directors.
5. REMOVAL OF MANAGING
DIRECTOR
5.1 The expiration or determination of this
Agreement howsoever arising shall not affect
Page 15 of 33
15
such of the provisions hereof as
are expressed to operate or have effect
thereafter and shall be without prejudice to any
right of action already accrued to either party
in respect of any breach of the Agreement by
the other party.
5.2 Any notice required to be served by the
other shall be sufficiently served if forwarded
by registered post to the address of the person.
Page 16 of 33
16
The initial addresses so designated by the
contracting parties hereto as set out in Clause
14 of this Agreement. Any notice sent out by
registered post shall be deemed to have been
given at the time that in due course of post it
would be expected to be delivered to the
address to which it was sent.
5.3 If any dispute or controversy arises
between the contracting parties herein set out
Page 17 of 33
17
of or in the course of performance of
this Agreement, the contracting parties shall
endeavour to settle it amicably by mutual
agreement.
5.4 In entering into this Agreement, the
contracting parties recognize that it is
impracticable to make provisions for every
contingency that may arise in the course of
performance hereof and accordingly the
Page 18 of 33
18
contracting parties hereby declare it to
be the intention that this Agreement shall
operate between them in fairness and without
detriment to the clear provisions of this
Agreement, if in the course of performances of
this Agreement unfairness to any party is
disclosed or anticipated then the contracting
parties hall use their best endeavours to agree
upon such action as may be necessary and
Page 19 of 33
19
equitable to remove the cause(s) of the
unfairness.
5.5 FS shall be personally and solely liable to
the relevant authorities arising from the above.
SIGNED BY )
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20
)
In the presence of:- )
