Employment Release Agreement Template for Ireland

The Employment Release Agreement is a crucial document used in Ireland when formally concluding an employment relationship through mutual agreement. It is typically used in situations involving voluntary departures, redundancies, or negotiated exits, providing both parties with legal certainty and protection. The agreement must comply with Irish employment law, including the Unfair Dismissals Acts 1977-2015 and various other employment statutes. It contains essential provisions regarding financial settlements, tax treatment, confidentiality obligations, and waiver of claims, while preserving statutory rights that cannot be contracted out of. Independent legal advice is typically required for the employee, and the agreement must meet specific requirements under Irish law to be enforceable. This document serves as a comprehensive record of the termination terms and helps prevent future disputes by clearly documenting all aspects of the separation.

1. Parties: Identification of the employer and employee, including full legal names and addresses

2. Background: Context of the employment relationship, including start date, role, and circumstances leading to termination

3. Definitions: Definitions of key terms used throughout the agreement, including 'Termination Date', 'Claims', and 'Settlement Payment'

4. Termination of Employment: Formal statement of employment termination, specifying the termination date and final working day

5. Settlement Payment: Details of all payments to be made, including salary, notice pay, ex-gratia payments, and statutory entitlements

6. Tax Treatment: Clarification of tax treatment of various payment components and responsibilities for tax liabilities

7. Company Property: Requirements for return of company property, documents, and data

8. Confidentiality: Obligations regarding confidentiality of the agreement terms and company information

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

10. Release of Claims: Comprehensive waiver of claims against the employer, subject to statutory limitations

11. Legal Advice: Confirmation that the employee has received independent legal advice on the agreement

12. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and severability