Director’s service contract for Ireland

About these documents:
Times are changing. Today a company is obliged by law to provide written terms of employment to a director, as to any other employee. As in every employment situation, it is advantageous to both sides to set down the entire package in a contract, rather than a few simple words.

These documents have been drafted to provide critical protection for the board and the company. Many of the provisions are also required in order to comply with the law. The explanatory notes which come with these documents, will guide you as to the importance of specific issues.

Directors' employment contracts are often extended to include fancy bonuses and other incentives and schemes. Clearly, we are unable to cover all eventualities that you may dream up; however, we can provide expert advice on your own individual scheme and draft the appropriate provisions. Here is information about our drafting law team.

Who will use these documents?

• The governing body of a company, hospital trust, charity, local authority or other organisation agreeing terms with a new director or changed terms with an existing office holder;
• an individual director wishing to write his own contract in terms which specifically suit him. 

Key features:

• protect the board from criticism;
• protect the company from claims both before an Industrial Tribunal and in court;
• protect the director from unreasonable demands;
• provide a "shopping list" of possible director perquisites;
• help the company to comply with employment regulations;
• include principal provisions of the Employment legislation;
• director is employee / not an employee / is self employed / is not employed and takes no pay;
•  flexible - alternative paragraphs to suit your needs;
• provide a complete framework and other legal safeguards;
•  written in plain English 

This document includes provision for:

• compliance with Working Time Regulations;
• alternative holiday arrangements;
• alternative pension provision;
• all usual perquisites;
• retirement;
• sickness, certification, sick pay;
• arrangements during notice period;
• director's compliance with all stock exchange and similar regulations;
• extensive protection of new intellectual property;
• summary termination and matters after termination;
• confidentiality and data protection;
• clear and comprehensive grievance and disciplinary procedures;
• contracting out of entitlement to redundancy payment and certain other rights on expiry of the fixed term.