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The Chief Executive Officer Employment Agreement is a crucial document used when appointing a CEO in the Netherlands, whether for a new appointment or renewal of terms. It serves as the primary contract governing the employment relationship between a company and its highest-ranking executive officer, incorporating specific requirements of Dutch employment and corporate law. This agreement is particularly important as it must balance the executive's rights as an employee under Dutch labor law with their corporate responsibilities as a managing director (bestuurder) under Dutch corporate law. The document typically requires shareholder approval and, where applicable, works council consultation. It includes comprehensive provisions on remuneration, duties, authority limits, and termination rights, ensuring compliance with both the Dutch Corporate Governance Code and relevant financial sector regulations where applicable.

1. Parties: Identification of the employer company and the CEO, including formal registered addresses

2. Background: Context of the appointment, including any relevant corporate approvals or conditions precedent

3. Definitions: Key terms used throughout the agreement, including Company, Board, Confidential Information, etc.

4. Appointment and Duties: Formal appointment as CEO, scope of authority, duties, and responsibilities

5. Term and Notice: Duration of appointment, notice periods, and renewal provisions

6. Time Commitment: Expected working hours and availability, including provisions for outside activities

7. Location: Primary work location and travel requirements

8. Remuneration: Base salary, adjustments, and review mechanisms

9. Bonuses and Incentives: Short-term and long-term incentive arrangements

10. Benefits: Pension, insurance, car allowance, and other standard benefits

11. Expenses: Business expense reimbursement policy and procedures

12. Holidays and Leave: Annual leave entitlement and public holidays

13. Illness and Incapacity: Sick pay and management of long-term illness

14. Confidentiality: Protection of company confidential information

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

16. Data Protection: GDPR compliance and personal data processing

17. Termination: Grounds for termination and procedures

18. Garden Leave: Company's right to place CEO on garden leave

19. Post-Termination Restrictions: Non-compete and non-solicitation provisions

20. Return of Property: Obligations regarding company property upon termination

21. Governing Law and Jurisdiction: Dutch law as governing law and jurisdiction for disputes