Document background
The Salaried Partner Agreement is a crucial document used when a professional services firm wishes to appoint an individual to a senior position with partner status, while maintaining an employment relationship rather than granting full equity partnership. This agreement, governed by Irish law, serves as a bridge between standard employment contracts and full partnership agreements, incorporating elements of both. It is particularly relevant for professional services firms looking to promote senior professionals or attract lateral hires while managing risk and maintaining organizational control. The document addresses key aspects including partnership status, voting rights, remuneration structure, professional obligations, and post-termination restrictions, all while ensuring compliance with Irish partnership law, employment legislation, and relevant professional regulations.
