Board Member Agreement Template

You can open the Board Member Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Board Member Agreement Template

Printable | Editable Form




Board Member Agreement Template (1)
Between:
[Name of the Board Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Company]
[Company ID]
[Company Address]
Introduction:
This agreement outlines the terms and conditions of the board membership of [Name of the Board Member] as of [Start Date] and shall govern the relationship between the Board Member and the Company.
Clause 1: Role and Responsibilities
The Board Member agrees to serve in the capacity of a Board Member, attending regular meetings and contributing to strategic decision-making processes.
Clause 2: Compensation
The Company agrees to compensate the Board Member with a fee of [Amount] per meeting, payable [Specify payment terms and schedule].
Clause 3: Termination
The Agreement may be terminated under the following circumstances: [Specify reasons, e.g., breach of contract, resignation, etc.].
Clause 4: Confidentiality
The Board Member agrees to maintain confidentiality regarding sensitive information pertaining to the Company and its affairs.
Clause 5: Conflict of Interest
The Board Member agrees to disclose any potential conflicts of interest that may affect their duties and responsibilities.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Board Member]
[Name of the Board Member]
[Signature of the Company Representative]
[Name of the Company Representative]
Board Member Agreement Template (2)
Between:
[Name of the Board Member]
[Member’s ID]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
And:
[Name of the Company]
[Company ID]
[Company Address]
Introduction:
This document formalizes the Board Member’s role and responsibilities within the Company, effective as of [Start Date], ensuring alignment with the company’s strategic objectives.
Clause 1: Duties and Obligations
The Board Member will participate in board meetings, contribute to policy-making, and adhere to the bylaws of the Company.
Clause 2: Remuneration
The Board Member will receive a compensation of [Amount] per month, payable on [Specify payment terms, e.g., the last day of each month].
Clause 3: Notice of Termination
Either party may terminate this agreement by providing [Specify notice period, e.g., 30 days] written notice to the other party.
Clause 4: Confidential Information
The Board Member agrees not to disclose any confidential information obtained during their service to any third party without prior consent.
Clause 5: Indemnification
The Company agrees to indemnify the Board Member against any claims arising from the execution of their duties, except in cases of negligence or willful misconduct.
Clause 6: Governing Law
This agreement will be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Board Member]
[Name of the Board Member]
[Signature of the Company Representative]
[Name of the Company Representative]

Form

Please complete the form below to create the Board Member Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Board Member Agreement Template

1. Board Member Information


2. Organization Information


3. Agreement Details

4. Responsibilities of Board Member

5. Term Length and Re-election

6. Compensation and Reimbursements

7. Conflict of Interest Policy

8. Confidentiality Agreement

9. Termination of Agreement

10. Signatures and Acceptance

11. Declaration and Signatures




PDF


WORD

Printable

Board Member Agreement Template

Printable | Editable Form




Board Member Agreement Template