Document background
The Managing Director Agreement is a crucial document used when appointing a senior executive to lead and manage a company's operations in Ireland. It combines elements of both an employment contract and a service agreement, reflecting the dual nature of the Managing Director's role as both an employee and a company officer. This agreement is essential for companies operating under Irish law who need to formalize the appointment of their most senior executive, ensuring compliance with the Companies Act 2014 and related legislation. The document typically includes comprehensive provisions covering appointment terms, duties, remuneration, benefits, restrictive covenants, and termination provisions, while also addressing corporate governance requirements and protecting the company's interests. It's particularly important for establishing clear expectations, responsibilities, and performance metrics for the role while providing appropriate protections for both the company and the Managing Director.
