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The Personal Management Agreement is essential for companies operating in Saudi Arabia who wish to formalize their relationships with senior management personnel. This document is particularly crucial given the unique legal framework of Saudi Arabia, which combines modern business practices with Islamic law principles. It serves as a comprehensive contract that defines the scope of management authority, responsibilities, compensation structures, and performance expectations while ensuring compliance with Saudi Labor Law, Sharia principles, and corporate governance requirements. The agreement is typically used when appointing senior managers, executives, or key personnel in leadership positions, and includes provisions for both Saudi nationals and expatriate managers, addressing specific requirements such as Iqama (residence permit) conditions where applicable.

1. Parties: Identification of the Company and the Manager, including full legal names and addresses

2. Background: Context of the agreement and brief description of the company's business and management position

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Term: Details of the management position, appointment date, and duration of the agreement

5. Duties and Responsibilities: Comprehensive outline of the manager's roles, responsibilities, and reporting structure

6. Time Commitment: Working hours, availability requirements, and any exclusivity provisions

7. Remuneration and Benefits: Salary, bonuses, allowances, and other benefits in compliance with Saudi Labor Law

8. Performance Metrics: Key performance indicators and evaluation criteria

9. Compliance and Ethics: Obligations regarding Sharia compliance, corporate governance, and ethical conduct

10. Confidentiality: Protection of company information and trade secrets

11. Intellectual Property: Ownership and protection of IP created during employment

12. Non-Competition: Post-employment restrictions in accordance with Saudi law

13. Termination: Grounds and procedures for termination, notice periods, and consequences

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