Director Employment Agreement Template for Ireland

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Key Requirements PROMPT example:

Director Employment Agreement

"I need a Director Employment Agreement for appointing a new Finance Director to our Irish technology company, starting March 1, 2025, with standard post-termination restrictions and share option provisions."

Document background
The Director Employment Agreement is a crucial document used when appointing executive directors to Irish companies, establishing a dual relationship as both an employee and a corporate officer. This agreement is essential for ensuring clarity in roles, responsibilities, and expectations while maintaining compliance with Irish corporate and employment law requirements. It addresses specific needs of director-level appointments, including fiduciary duties under the Companies Act 2014, corporate governance requirements, and standard employment protections. The document is particularly important for regulated industries and listed companies, where additional compliance obligations may apply. It typically includes comprehensive terms covering remuneration, benefits, performance expectations, and post-termination restrictions, while ensuring alignment with Irish regulatory requirements and market practice.
Suggested Sections

1. Parties: Identification of the company and the director

2. Background: Context of the appointment and any relevant corporate history

3. Definitions and Interpretation: Key terms used throughout the agreement

4. Appointment and Term: Details of the director role, position, and duration of appointment

5. Duties and Responsibilities: Core duties as both a director and employee, including statutory obligations

6. Time Commitment and Working Hours: Expected working patterns and time dedication

7. Place of Work: Primary work location and travel requirements

8. Remuneration: Salary, bonuses, and other financial benefits

9. Benefits: Non-salary benefits including healthcare, pension, etc.

10. Expenses: Policy on business expenses and reimbursement

11. Holidays and Leave: Annual leave entitlement and other types of leave

12. Confidentiality: Obligations regarding company confidential information

13. Intellectual Property: Ownership and rights over work created during employment

14. Data Protection: Compliance with GDPR and data protection requirements

15. Termination: Grounds and process for ending the agreement

16. Post-Termination Restrictions: Non-compete and other post-employment restrictions

17. General Provisions: Standard boilerplate clauses

18. Governing Law: Confirmation of Irish law governance and jurisdiction

Optional Sections

1. Share Options: Include when the director is offered company shares or share options

2. Group Role: Include when the director has responsibilities across multiple group companies

3. International Travel: Include when role requires significant international travel or overseas postings

4. Regulatory Compliance: Include for regulated sectors like financial services

5. Corporate Governance: Include detailed governance requirements for listed companies

6. Change of Control: Include provisions relating to company sale or merger

7. Garden Leave: Include detailed garden leave provisions for senior executives

8. Performance Metrics: Include specific KPIs and performance measurement criteria

Suggested Schedules

1. Schedule 1 - Position Description: Detailed description of the role and responsibilities

2. Schedule 2 - Remuneration Details: Comprehensive breakdown of salary, bonuses, and benefits

3. Schedule 3 - Share Option Scheme Rules: Terms and conditions of any share option arrangements

4. Schedule 4 - Company Policies: List of applicable company policies and procedures

5. Schedule 5 - Performance Criteria: Specific performance targets and evaluation metrics

6. Appendix A - Board Resolution: Copy of board resolution approving the appointment

7. Appendix B - Companies Registration Office Forms: Required CRO forms for director registration

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Technology

Manufacturing

Professional Services

Healthcare

Retail

Energy

Real Estate

Telecommunications

Construction

Education

Media and Entertainment

Transportation and Logistics

Pharmaceutical

Relevant Teams

Legal

Human Resources

Company Secretarial

Board of Directors

Executive Committee

Compliance

Corporate Governance

Risk Management

Relevant Roles

Executive Director

Managing Director

Finance Director

Operations Director

Commercial Director

Technical Director

Sales Director

Marketing Director

HR Director

IT Director

Legal Director

Regional Director

Development Director

Strategy Director

Industries
Companies Act 2014: Primary legislation governing company directors' duties, responsibilities, and corporate governance requirements in Ireland
Employment Equality Acts 1998-2015: Prohibits discrimination in employment on nine grounds and ensures equal treatment in the workplace
Terms of Employment (Information) Acts 1994-2014: Requires employers to provide employees with written statement of terms of employment
Organisation of Working Time Act 1997: Regulates working hours, rest periods, and annual leave entitlements
Protected Disclosures Act 2014: Provides protection for whistleblowers and particularly relevant for directors who may need to report wrongdoing
General Data Protection Regulation (GDPR) and Data Protection Act 2018: Governs the processing and protection of personal data, including employee data
Safety, Health and Welfare at Work Act 2005: Sets out the main provisions for securing health and safety at work
Minimum Notice and Terms of Employment Acts 1973-2005: Specifies minimum notice periods for termination of employment
Payment of Wages Act 1991: Regulates how wages are paid and protects employees' right to receive proper payment
Unfair Dismissals Acts 1977-2015: Provides protection against unfair dismissal and outlines fair procedures
Industrial Relations Acts 1946-2015: Provides framework for industrial relations and dispute resolution
Central Bank Reform Act 2010: Relevant if the director is in a regulated financial services position, imposing additional fitness and probity requirements
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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