Executive Service Agreement (UK) by Seedsummit
The Seedsummit Executive Service Agreement is a comprehensive service agreement between a company registered in England and Wales and a senior executive. The agreement details the rights and obligations of parties, covering key terms such as job and duties, remuneration, holiday entitlement, termination, confidentiality, and intellectual property, providing the company with protections such as non-solicitation and non-compete provisions.
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SERVICE AGREEMENT
DATED [effective date]
(1) [company name] and (2) [executive name]
THIS AGREEMENT is made [effective date].
BETWEEN
1 [company name], a company incorporated in England (company number [company number]) whose registered office is at [registered office] (the "Company"); and
2 [executive name], of [executive address] (the “Executive").
The Board have approved the terms of this Agreement under which the Executive is to be employed.
INTERPRETATION
In this Agreement the following words and expressions have the following meanings unless inconsistent with the context:
"Applicable IPRS": any Intellectual Property Rights in any Materials or Inventions, other than any Employment IPRs or Employment Inventions, which have been discovered made or created by the Executive and may affect or relate to, or be capable of being used or adapted for use in connection with, the business of the Company or any Group Company;
"Articles": means the articles of association of the Company and any Group Company;
"Board": means the board of directors from time to time of the Company and includes any committee of the board of directors duly appointed by it;
"Companies Acts": means the Companies Act 1985, the Companies Act 1989 and the Companies Act 2006;
"Employment": means the Executive's employment under this Agreement;
"Employment Inventions": means any Invention which: a) is made wholly or partially by the Executive at any time during the course of their normal duties pursuant to their employment with the Company; b) arises out of any duties (other than normal duties) which are specifically assigned to the Executive; or c) arises out of any special obligation on the Executive to further the interests of the Company pursuant to clause 16.1, in each case whether or not during working hours or using Company premises or resources;
"Employment IPRs": means Intellectual Property Rights in any Materials created by the Executive in the course of their employment with the Company (whether or not during working hours or using Company premises or resources);
"ERA": means the Employment Rights Act 1996;
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England & Wales note
This version is drafted for England & Wales. Scotland and Northern Ireland differ on some points — for example notice periods and tribunal procedure. Tell GitLaw where you hire and it adjusts the draft.
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