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Executive Employment Agreement

Executive Employment Agreement Template for Ireland

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Key Requirements PROMPT example:

Executive Employment Agreement

"I need an Executive Employment Agreement under Irish law for hiring a new Chief Technology Officer in our software company, starting March 2025, with specific provisions for remote work flexibility and stock options."

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Document background
The Executive Employment Agreement is a crucial legal document used when hiring senior-level executives in Ireland, establishing the formal employment relationship between a company and its high-level personnel. This agreement is more sophisticated than standard employment contracts, reflecting the increased responsibility and authority of executive positions. It must comply with Irish employment law while addressing specific executive considerations such as complex compensation structures, strategic decision-making authority, and corporate governance obligations. The document is essential for protecting both the company's interests through confidentiality and post-termination restrictions, and the executive's rights through clearly defined terms of employment, benefits, and performance-based incentives. It's particularly important for ensuring clarity in reporting structures, decision-making authority, and performance expectations at the executive level.
Suggested Sections

1. Parties: Identification of the employer company and the executive

2. Background: Context of the agreement and brief description of the executive role

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

4. Appointment and Term: Details of the position, commencement date, and term (if fixed)

5. Duties and Responsibilities: Executive's primary duties, reporting lines, and level of authority

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

7. Hours of Work: Working hours expectations while acknowledging senior position flexibility

8. Remuneration: Base salary, review periods, and payment arrangements

9. Bonus and Incentives: Performance-related bonuses and other incentive schemes

10. Benefits: Healthcare, pension, insurance, and other benefits

11. Expenses: Business expenses reimbursement policy

12. Holiday Entitlement: Annual leave and public holiday provisions

13. Illness and Sick Pay: Sick leave terms and medical examination requirements

14. Confidentiality: Protection of company confidential information

15. Intellectual Property: Ownership of intellectual property created during employment

16. Data Protection: GDPR compliance and data processing provisions

17. Termination: Grounds for termination and notice periods

18. Post-Termination Restrictions: Non-compete and non-solicitation provisions

19. Garden Leave: Company's right to place executive on garden leave

20. Company Policies: Compliance with company policies and procedures

21. Governing Law: Irish law as governing law and jurisdiction

Optional Sections

1. Directorship: Required if the executive will also serve as a company director

2. Share Options: Include if the executive is offered share options or equity participation

3. International Travel: Required for roles involving significant international responsibilities

4. Change of Control: Provisions dealing with company sale or merger scenarios

5. Relocation: Include if the role involves relocation assistance

6. Acting as Fiduciary: Required if executive will act as trustee or fiduciary for company schemes

7. Corporate Credit Card: Include if executive will be provided with company credit facilities

8. Company Car: Include if a company car or car allowance is provided

9. Secondment: Required if executive may be seconded to other group companies

10. Gardening Leave: Detailed provisions if specific gardening leave arrangements are needed

Suggested Schedules

1. Schedule 1 - Job Description: Detailed description of executive's duties and responsibilities

2. Schedule 2 - Remuneration Package: Comprehensive breakdown of salary, benefits, and incentives

3. Schedule 3 - Bonus Scheme Rules: Detailed terms of any performance-related bonus schemes

4. Schedule 4 - Share Option Terms: Details of share option or equity participation schemes

5. Schedule 5 - Restricted Activities: Detailed list of post-termination restricted activities

6. Schedule 6 - Company Policies: List of applicable company policies and procedures

7. Appendix A - Benefits Summary: Detailed description of all benefits and allowances

8. Appendix B - Data Protection Policy: Specific data protection and privacy requirements

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

Healthcare

Professional Services

Retail

Energy

Telecommunications

Construction

Real Estate

Pharmaceuticals

Media and Entertainment

Education

Transportation and Logistics

Agricultural

Mining and Resources

Hospitality

Relevant Teams

Human Resources

Legal

Executive Leadership

Board Secretariat

Compensation and Benefits

Corporate Governance

Compliance

Finance

Operations

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Chief Technology Officer

Chief Marketing Officer

Managing Director

Executive Director

Vice President

Senior Vice President

Regional Director

Country Manager

Head of Department

Executive Vice President

Chief Human Resources Officer

Chief Legal Officer

Chief Investment Officer

Chief Strategy Officer

Division President

General Manager

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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