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The executive director oversees hiring, firing, maintaining records, compliance, and other administrative duties. The director is also responsible for overseeing fundraising and ensuring sound financial practices.
A clear job description. This should set out the role and duties of the employee. Salary or wage details. The nature of the employment. The reporting structure. Leave entitlements. Confidentiality. Non-compete/restraint of trade. Protection of intellectual property.
A term of three years is most common in our experience, but longer or shorter terms are possible. Five-year contracts also occur with some frequency, especially among chief executives renewing their contracts. Contracts often will have an option to renew the contract on mutual agreement of the parties.
Directors aren't usually provided with employment contracts, however, they may be operating under a service contract. A service contract can provide a director with a status of employment.