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Indemnity Employment Contract
"I need an Indemnity Employment Contract under Irish law for our new Chief Financial Officer starting March 1, 2025, with comprehensive protection for financial decision-making and specific coverage for signing authority up to €5 million."
1. Parties: Identification of the employer and employee with full legal names and addresses
2. Background: Context of the employment relationship and purpose of the indemnity provisions
3. Definitions: Definitions of key terms used throughout the agreement, including specific indemnity-related terminology
4. Appointment and Term: Details of the position, commencement date, and term of employment
5. Duties and Responsibilities: Detailed description of the employee's role, responsibilities, and reporting structure
6. Place of Work: Primary work location and any flexibility arrangements
7. Hours of Work: Standard working hours, overtime provisions, and rest periods in compliance with Irish law
8. Remuneration and Benefits: Salary, bonus structures, benefits, and payment terms
9. Indemnification Obligations: Detailed provisions regarding the scope of indemnity, including covered actions, limitations, and procedures
10. Insurance Requirements: Specifications for any required insurance coverage related to the indemnification
11. Confidentiality: Obligations regarding confidential information and trade secrets
12. Intellectual Property: Assignment of IP rights and related provisions
13. Data Protection: GDPR compliance and data processing provisions
14. Termination: Grounds for termination, notice periods, and post-termination obligations
15. Post-Termination Restrictions: Non-compete, non-solicitation, and other restrictive covenants
16. General Provisions: Standard boilerplate clauses including governing law, variation, and severability
1. International Travel: Include when role requires significant international travel, detailing travel policies and insurance
2. Commission Structure: Include for sales roles or positions with commission-based compensation
3. Share Options: Include when employee is eligible for company share schemes or options
4. Garden Leave: Include for senior positions where garden leave might be required
5. Training Requirements: Include when specific certifications or training are required for the role
6. Vehicle Allowance: Include when position includes company car or car allowance
7. Relocation Provisions: Include when employment requires relocation
8. Remote Working: Include when role involves regular remote working arrangements
1. Schedule 1 - Job Description: Detailed description of the role, responsibilities, and performance expectations
2. Schedule 2 - Benefits Package: Comprehensive list of benefits and their terms
3. Schedule 3 - Company Policies: Key company policies that form part of the employment terms
4. Schedule 4 - Insurance Coverage: Details of insurance policies related to the indemnification provisions
5. Schedule 5 - Bonus Scheme: Details of any applicable bonus or commission schemes
6. Appendix A - Indemnification Procedures: Step-by-step procedures for making and handling indemnification claims
7. Appendix B - Required Notifications: List of required notifications and their timing under the indemnification provisions
Authors
Financial Services
Technology
Healthcare
Professional Services
Manufacturing
Construction
Pharmaceuticals
Energy
Transportation
Insurance
Real Estate
Education
Telecommunications
Consulting
Legal
Executive Leadership
Finance
Risk Management
Compliance
Operations
Human Resources
Information Technology
Research & Development
Project Management
Business Development
Investment
Clinical Operations
Product Development
Chief Executive Officer
Chief Financial Officer
Chief Technology Officer
Managing Director
Board Director
Senior Manager
Department Head
Project Manager
Financial Controller
Legal Counsel
Compliance Officer
Risk Manager
Investment Manager
Senior Consultant
Clinical Director
Research Director
Operations Manager
Senior Engineer
Product Manager
Business Development Director
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