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1. Parties: Identification of the law firm/partnership and the incoming salaried partner
2. Background: Context of the appointment and brief description of the arrangement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment as salaried partner and duration of the appointment
5. Status and Duties: Clarification of position as salaried partner and scope of responsibilities
6. Time Commitment: Expected working hours and commitment to the firm
7. Remuneration: Base salary, profit share arrangements, and payment terms
8. Benefits: Standard benefits package including leaves, insurance, and other entitlements
9. Expenses: Policy on business expenses and reimbursement
10. Restrictions During Employment: Limitations on outside activities and conflicts of interest
11. Confidentiality: Obligations regarding firm and client confidential information
12. Intellectual Property: Ownership of work product and intellectual property
13. Data Protection: Compliance with privacy laws and data handling
14. Post-Termination Restrictions: Non-compete and non-solicitation provisions
15. Termination: Grounds and procedures for termination
16. Garden Leave: Firm's right to place partner on garden leave
17. Return of Property: Obligations upon termination regarding firm property
18. Governing Law and Jurisdiction: Hong Kong law as governing law and jurisdiction for disputes
1. Equity Partnership Track: Include when there's a defined path to equity partnership
2. International Assignments: Include for firms with international offices where partner may be required to work
3. Client Development Obligations: Include when specific business development targets are required
4. Management Responsibilities: Include when partner will have specific management duties
5. Regulatory Compliance: Include when partner needs specific regulatory licenses or compliance obligations
6. Profit Sharing Mechanics: Include when complex profit sharing arrangements exist
7. Sabbatical Rights: Include if firm offers sabbatical program
8. Retirement Benefits: Include if special retirement arrangements are offered
9. Alternative Dispute Resolution: Include if firm prefers mediation/arbitration over litigation
1. Schedule 1 - Remuneration Details: Detailed breakdown of compensation structure and calculations
2. Schedule 2 - Benefits Package: Comprehensive list of benefits and entitlements
3. Schedule 3 - Post-Termination Restrictions: Detailed terms of restrictive covenants
4. Schedule 4 - Firm Policies: Key firm policies applicable to salaried partners
5. Schedule 5 - Performance Metrics: Expected performance targets and evaluation criteria
6. Appendix A - Position Description: Detailed description of roles and responsibilities
7. Appendix B - Regulatory Requirements: Specific regulatory obligations and required licenses
8. Appendix C - Office Locations: List of firm offices where partner may be required to work
Legal Services
Professional Services
Accounting
Consulting
Architecture
Engineering
Financial Services
Tax Advisory
Management Consulting
Corporate Services
Human Resources
Legal
Finance
Partnership Board
Executive Committee
Compliance
Risk Management
Professional Development
Operations
Business Development
Salaried Partner
Non-Equity Partner
Junior Partner
Fixed Share Partner
Managing Partner
Senior Associate
Director
Principal
Department Head
Practice Group Leader
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