Managing Director Contract Of Employment Template for Ireland

The Managing Director Contract Of Employment is a crucial document used when appointing senior executives to lead organizations in Ireland. It serves as a comprehensive agreement that defines the relationship between the company and its Managing Director, incorporating both standard employment provisions and specific executive-level terms. The contract must comply with Irish employment law, including the Companies Act 2014, Terms of Employment (Information) Acts 1994-2014, and related legislation. It typically includes detailed sections on corporate authority, strategic responsibilities, remuneration packages, performance expectations, and protection of company interests through confidentiality and post-termination restrictions. This document is essential for establishing clear governance structures and protecting both parties' interests in senior executive appointments.

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

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

3. Definitions: Key terms used throughout the agreement including 'Board', 'Business', 'Confidential Information', etc.

4. Appointment and Term: Position details, commencement date, and term of appointment (if fixed)

5. Duties and Responsibilities: Detailed outline of Managing Director's duties, including statutory obligations under Companies Act 2014

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 arrangements

9. Benefits and Expenses: Additional benefits, pension, insurance, and expense reimbursement policies

10. Holidays and Leave: Annual leave entitlement and public holiday provisions

11. Illness and Sick Pay: Procedures for reporting illness and sick pay entitlements

12. Confidentiality: Obligations regarding confidential information during and after employment

13. Intellectual Property: Assignment of IP rights created during employment

14. Data Protection: Consent and obligations regarding personal data processing

15. Termination: Grounds for termination, notice periods, and procedures

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

17. Return of Company Property: Obligations upon termination to return company assets and information

18. Governing Law: Confirmation of Irish law as governing law