A Sample Board Member Contract is a legally binding agreement between a company and its board member. It outlines the responsibilities of the board member, the rights of the company, and the duration of the contract. It also outlines any compensation or benefits the board member may receive. Types of Sample Board Member Contracts include a term contract, a permanent contract, and an independent contractor contract. A term contract typically lasts a set period of time, while a permanent contract is for an indefinite period of time. An independent contractor contract outlines the duties of the board member and how they will be compensated.
Sample Board Member ContractSample Board Member Contract
Category:
State:
Multi-State
Control #:
US-0851BG
Format:
Word;
Rich Text
Instant download
Description
One way to be sure that each person on the board of directors of a corporation is clear on his or her responsibilities is to adopt a board member contract. This contract outlines explicitly what is expected of individual board members, and how the organization will in turn be responsible to them.
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