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Chief Executive Officer Employment Agreement

Chief Executive Officer Employment Agreement Template for Ireland

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Key Requirements PROMPT example:

Chief Executive Officer Employment Agreement

"I need a Chief Executive Officer Employment Agreement for our technology startup in Ireland, with special focus on equity compensation and international travel requirements as we're expanding into European markets starting January 2025."

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Document background
The Chief Executive Officer Employment Agreement is a crucial legal document used when appointing a new CEO or formalizing the employment terms of an existing CEO under Irish law. It serves as the primary contract governing the relationship between the company and its highest-ranking executive officer, incorporating comprehensive terms regarding executive duties, compensation, benefits, and protective covenants. This agreement is essential for both listed and private companies in Ireland, requiring careful consideration of the Companies Act 2014, employment legislation, and corporate governance requirements. The document typically includes detailed provisions for remuneration packages, performance metrics, equity participation, termination conditions, and post-employment restrictions, while ensuring compliance with Irish statutory requirements and market practices for executive employment.
Suggested Sections

1. Parties: Identification of the company and the CEO, including registered addresses

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

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Position title, effective date, and term of employment (fixed or indefinite)

5. Duties and Responsibilities: Detailed outline of CEO's roles, reporting relationships, and key responsibilities

6. Time Commitment and Exclusivity: Working hours, dedication requirements, and restrictions on other business activities

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

8. Remuneration: Base salary, review mechanisms, and payment terms

9. Bonus and Incentives: Annual bonus, long-term incentives, and performance metrics

10. Benefits and Expenses: Health insurance, pension, car allowance, expense reimbursement policy

11. Holiday and Leave Entitlement: Annual leave, public holidays, and other leave rights

12. Illness and Incapacity: Sick leave terms and medical examination requirements

13. Confidentiality: Protection of company confidential information and trade secrets

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

15. Data Protection: Processing of personal data and GDPR compliance

16. Termination: Grounds for termination, notice periods, and payment in lieu of notice

17. Post-Termination Restrictions: Non-compete and non-solicitation clauses

18. Company Policies: Compliance with company policies and procedures

19. Governing Law and Jurisdiction: Irish law governance and jurisdiction for disputes

Optional Sections

1. Share Options: Details of share option schemes or equity participation, used when equity compensation is part of the package

2. Change of Control: Special provisions triggered by company sale or merger, relevant for listed companies or those planning exit

3. International Travel: Specific provisions for international work requirements, used when role involves significant global duties

4. Garden Leave: Provisions for placing CEO on garden leave during notice period, important for sensitive transitions

5. Clawback Provisions: Terms for recovering bonus payments in case of misconduct or misstatement, common in regulated industries

6. Director's & Officer's Insurance: Specific insurance coverage terms, essential when CEO also serves on board

7. Relocation Package: Terms of relocation assistance, used when CEO needs to relocate for the position

8. Corporate Governance: Additional governance requirements, particularly important for regulated entities

9. Signing Bonus: One-time payment terms for joining, used in competitive hiring situations

Suggested Schedules

1. Schedule 1 - Duties and Responsibilities: Detailed list of CEO's specific duties and performance expectations

2. Schedule 2 - Remuneration Package: Complete breakdown of compensation elements including benchmarks and review criteria

3. Schedule 3 - Benefits Package: Detailed description of all benefits and allowances

4. Schedule 4 - Share Option Scheme Rules: Terms and conditions of any share option or equity participation schemes

5. Schedule 5 - Restricted Activities: Detailed list of restricted business activities and territories for non-compete provisions

6. Appendix A - Performance Metrics: Specific KPIs and performance evaluation criteria

7. Appendix B - Approved Directorships: List of pre-approved external board positions or activities

8. Appendix C - Company Policies: Key company policies specifically applicable to the CEO role

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions







































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Relevant Industries

Financial Services

Technology

Manufacturing

Retail

Healthcare

Professional Services

Energy

Telecommunications

Real Estate

Construction

Media and Entertainment

Pharmaceuticals

Agriculture

Transportation and Logistics

Education

Non-Profit Organizations

Relevant Teams

Human Resources

Legal

Board of Directors

Executive Committee

Company Secretariat

Compensation Committee

Nomination Committee

Corporate Governance

Compliance

Finance

Relevant Roles

Chief Executive Officer

CEO

Managing Director

Executive Director

Group Chief Executive

President and CEO

Chief Executive and Director

Industries










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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