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PDF EXECUTIVE EMPLOYMENT AGREEMENT

8 1 This Agreement shall inure to the benefit of and be binding upon the Employer its successor and assigns and the Executive Director Executive Director’s executor administrator heirs and personal representatives 8 2 This Agreement comprises the entire Agreement between the parties hereto with respect to the subject matter hereof

PDF 5 Must Haves in an Executive Directors Employment Agreement

Sep 5 2019 · The contract between the governing board and the executive director should include a term of years However it should still allow the board to exercise its fiduciary duties to the corporation in the event the executive director is not performing to the stated standards

Myth Busters: Executive Director Contracts

Let’s start with the four main myths: 1. E.D.’s are lucky to have their jobs and thus don’t need contracts. 2. E.D.’s should be treated like all other staff — they are at will employees. 3. This is a nonprofit. We’re like family. Contracts break the familial bond. 4. We’ve never done this with any previous E.D. so we should not set a precedent. joangarry.com

Joan Garry: Myth Buster

These reasons are nonsense. First of all, while E.D’s are certainly lucky to have the opportunity to do meaningful work, they can also have the right to basic employment agreements. These are not mutually exclusive. It’s important to remember that Executive Directors are NOT like all other staff. They are leaders, outward facing. The resignation or

Ten Really Good Reasons Executive Directors Need Contracts

Industry Standard. If you have more than 5 employees and a budget over $500K, it is the right and responsible thing for a board to do and has become the industry standard in the nonprofit world.Succession Planning. A contract includes notice provisions. This precludes your leader from leaving too quickly (for whatever reason) and leaving you leader-less with no clear plan. VERY destabiliz

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