Private Equity Employment Agreement

Private Equity Employment Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

"I need a Private Equity Employment Agreement for a new Senior Investment Director in Saudi Arabia, including carried interest provisions and co-investment rights, with the employment starting March 1, 2025."

Document background

The Private Equity Employment Agreement is essential for formalizing employment relationships within private equity firms operating in Saudi Arabia. It is specifically designed to meet the requirements of both the Saudi Labor Law and the Capital Market Authority's regulations while addressing the unique aspects of private equity employment. This document should be used when hiring investment professionals at various levels within a PE firm, from analysts to partners. It includes crucial provisions for compensation structures including carried interest, compliance with Islamic finance principles, investment restrictions, and confidentiality obligations. The agreement is particularly important given Saudi Arabia's growing private equity sector and the need to align employment terms with both local regulations and international PE industry standards. It provides comprehensive coverage of both mandatory employment requirements under Saudi law and industry-specific terms essential for PE professionals.

Suggested Sections

1. Parties: Identification of the employer (PE firm) and employee with full legal names and addresses

2. Background: Context of the employment relationship and brief description of the PE firm and role

3. Definitions: Key terms used throughout the agreement including financial and industry-specific terminology

4. Appointment and Term: Position title, employment classification, and duration (fixed-term or unlimited)

5. Duties and Responsibilities: Detailed description of role expectations, reporting lines, and investment-related duties

6. Compensation and Benefits: Base salary, bonus structure, carried interest participation, and other benefits

7. Working Hours and Location: Standard working hours, workplace location, and travel requirements

8. Confidentiality: Protection of firm's confidential information, trade secrets, and investor details

9. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of clients/employees

10. Intellectual Property: Ownership of work product and investment-related intellectual property

11. Compliance and Regulatory Requirements: Obligations regarding CMA regulations, internal compliance, and Saudi laws

12. Termination: Grounds for termination, notice periods, and consequences of termination

13. End of Service Benefits: Calculation and payment of end of service benefits per Saudi Labor Law

14. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution mechanism

Optional Sections

1. Equity Participation: Details of any share ownership or option schemes, used for senior investment professionals

2. International Assignments: Terms for temporary international postings, included if firm has international operations

3. Performance Metrics: Specific KPIs and performance evaluation criteria, used for investment professionals

4. Deal Flow Requirements: Specific requirements for sourcing and managing investment deals, for deal team members

5. Training and Development: Professional development and certification requirements, for junior professionals

6. Sabbatical Leave: Terms for extended leave arrangements, typically for senior employees

7. Secondment Provisions: Terms for temporary assignment to portfolio companies, if applicable

Suggested Schedules

1. Schedule 1 - Compensation Structure: Detailed breakdown of salary, bonus calculations, and carried interest arrangements

2. Schedule 2 - Benefits Package: Comprehensive list of benefits including healthcare, insurance, and allowances

3. Schedule 3 - Investment Professional Code of Conduct: Specific behavioral and ethical requirements for PE professionals

4. Schedule 4 - Compliance Manual Summary: Key compliance obligations and procedures relevant to the role

5. Schedule 5 - Restricted Investments List: List of investments employee cannot participate in due to conflicts

6. Appendix A - Position Description: Detailed role profile and responsibilities

7. Appendix B - Carried Interest Plan: Complete terms of carried interest participation if applicable

8. Appendix C - Company Policies: Key company policies including IT, social media, and expense policies

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services

Private Equity

Investment Management

Asset Management

Alternative Investments

Professional Services

Banking

Corporate Finance

Venture Capital

Investment Banking

Relevant Teams

Investment

Portfolio Management

Deal Execution

Due Diligence

Value Creation

Investor Relations

Risk Management

Compliance

Operations

Finance

Legal

Human Resources

Relevant Roles

Partner

Managing Director

Principal

Vice President

Associate

Senior Associate

Investment Analyst

Portfolio Manager

Deal Executive

Investment Director

Chief Investment Officer

Investment Manager

Due Diligence Specialist

Investment Associate

Senior Investment Professional

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