End Of Service Agreement for Ireland

End Of Service Agreement Template for Ireland

A comprehensive legal document governed by Irish law that formalizes the termination of employment between an employer and employee. This agreement outlines the terms and conditions of the separation, including final payments, benefits, continuing obligations, and mutual releases. It ensures compliance with Irish employment legislation, including the Unfair Dismissals Acts and Redundancy Payments Acts, while providing legal certainty and protection for both parties. The document addresses various aspects such as confidentiality, property return, tax implications, and any post-employment restrictions, serving as a complete record of the separation terms.

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What is a End Of Service Agreement?

An End of Service Agreement is a crucial document used in Ireland when formally concluding an employment relationship. It is typically implemented in situations involving voluntary resignation, mutual separation, or redundancy, providing a legally binding framework that protects both employer and employee interests. The document ensures compliance with Irish employment law, including key legislation such as the Unfair Dismissals Acts, Redundancy Payments Acts, and Minimum Notice and Terms of Employment Acts. It comprehensively addresses all aspects of the employment termination, including financial settlements, statutory entitlements, continuing obligations, and mutual releases. This agreement is particularly important in scenarios involving senior executives, redundancy situations, or where there might be potential disputes, as it provides clarity and certainty regarding the terms of separation while mitigating legal risks for all parties involved.

What sections should be included in a End Of Service Agreement?

1. Parties: Identifies the employer and employee entering into the agreement

2. Background: States the context of the agreement, including employment history and reason for termination

3. Definitions: Defines key terms used throughout the agreement

4. Termination Date: Specifies the official end date of employment and final working day

5. Final Payment: Details the calculation and payment of final salary, accrued holiday pay, and other statutory entitlements

6. Severance Payment: Outlines any ex-gratia payments or statutory redundancy payments

7. Tax Treatment: Explains the tax implications of various payments and employer's tax withholding obligations

8. Company Property: Lists requirements for returning company property and documents

9. Confidentiality Obligations: Reaffirms ongoing confidentiality obligations post-employment

10. Full and Final Settlement: Confirms that the agreement represents full and final settlement of all claims

11. Employee Warranties: Employee confirmations regarding return of property, confidential information, and other matters

12. Legal Advice: Confirms that the employee has received independent legal advice on the agreement

13. Governing Law: Specifies that Irish law governs the agreement

What sections are optional to include in a End Of Service Agreement?

1. Garden Leave: Used when the employee is required to serve their notice period away from the workplace

2. Post-termination Restrictions: Includes non-compete and non-solicitation clauses, particularly relevant for senior employees

3. Share Options/Awards: Addresses treatment of existing share options or awards, if applicable

4. Pension Arrangements: Details handling of pension benefits, particularly for long-service employees

5. Medical Insurance: Addresses continuation or termination of medical insurance benefits

6. Reference: Includes agreed form of reference to be provided to future employers

7. Outplacement Support: Details any career transition services being provided

8. Director Resignations: Required for employees who also held director positions

9. Intellectual Property Rights: Specific provisions for employees involved in creative or innovative work

10. Public Announcements: Agreement on how the departure will be communicated, typically for senior positions

What schedules should be included in a End Of Service Agreement?

1. Schedule 1 - Payment Calculations: Detailed breakdown of all payments including statutory, contractual, and ex-gratia amounts

2. Schedule 2 - Company Property: Itemized list of company property to be returned

3. Schedule 3 - Continuing Obligations: Reference to specific clauses from employment contract that survive termination

4. Schedule 4 - Agreed Form of Reference: Template of agreed employment reference

5. Schedule 5 - Share Option Details: Details of any share options and their treatment

6. Appendix A - Legal Advisor's Certificate: Certificate from independent legal advisor confirming advice given

7. Appendix B - Director Resignation Letters: Template resignation letters from directorship positions

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

Jurisdiction

Ireland

Publisher

Genie AI

Cost

Free to use
Clauses
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Financial Services

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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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