Document background
Exit Agreements are essential documents used in Ireland when formalizing the termination of employment relationships, whether through mutual agreement, redundancy, or other circumstances. These agreements, governed by Irish law and EU regulations, serve to protect both employer and employee interests by clearly documenting all termination terms. An Exit Agreement typically includes provisions for financial settlements, statutory entitlements, ongoing obligations, and claim waivers, while ensuring compliance with Irish employment legislation. The document is particularly crucial in situations involving senior executives, sensitive departures, or where significant financial settlements are involved. It helps prevent future disputes by providing clarity on all aspects of the termination, from payment terms to post-employment obligations.
