tiktok³ÉÈË°æ

All Countries
Director Exit Agreement

Director Exit Agreement Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Director Exit Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Director Exit Agreement

"I need a Director Exit Agreement for our ASX-listed technology company, where our Managing Director is leaving amicably to retire effective March 1, 2025, and will retain 25% of their shares but resign from all board positions."

Celebrated by
Collaborations with
Investors
Document background
The Director Exit Agreement is a crucial document used when a director leaves their position with an Australian company, whether the departure is amicable or following a dispute. It serves as a comprehensive record of the terms and conditions of the director's departure, including their resignation from all relevant positions, final remuneration and benefits, treatment of shares or options, continuing obligations, and mutual releases. The agreement ensures compliance with Australian corporate law, particularly the Corporations Act 2001 (Cth), ASX requirements for listed companies, and relevant employment laws. It helps minimize future disputes by clearly documenting all aspects of the separation and protecting both parties' interests through carefully crafted confidentiality, non-disparagement, and where applicable, restraint of trade provisions.
Suggested Sections

1. Parties: Identifies the company and the outgoing director as parties to the agreement

2. Background: Recitals setting out the context, including director's appointment date, roles, and agreement to resign

3. Definitions and Interpretation: Defines key terms and sets out interpretation principles

4. Resignation and Effective Date: Specifies the director's resignation from all positions and its effective date

5. Payments and Entitlements: Details all financial entitlements, including final payments, statutory entitlements, and treatment of benefits

6. Company Property: Requirements for return of company property, documents, and access credentials

7. Confidentiality Obligations: Ongoing obligations regarding confidential information

8. Non-Disparagement: Mutual obligations not to make disparaging remarks

9. Release and Waiver: Mutual releases from claims and liabilities

10. Continuing Obligations: Surviving obligations from previous agreements

11. General Provisions: Standard boilerplate clauses including governing law, entire agreement, etc.

12. Execution: Signing provisions and execution blocks

Optional Sections

1. Share Transfer: Required if the director holds shares that need to be transferred or dealt with

2. Restraint of Trade: Non-compete and non-solicitation provisions if required by the company

3. Consulting Arrangements: Terms of any ongoing consulting or advisory relationship

4. Transition Assistance: Requirements for handover and assistance during transition period

5. Dispute Resolution: Specific dispute resolution procedures if there are existing disputes

6. Board Communication: Agreed announcement and communication regarding the departure

7. Insurance and Indemnity: Specific provisions regarding ongoing D&O insurance coverage

8. Intellectual Property: Specific IP assignments or licenses if relevant to the role

Suggested Schedules

1. Schedule 1 - Resignation Letters: Forms of resignation from various positions

2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments and entitlements

3. Schedule 3 - Company Property: List of items to be returned to the company

4. Schedule 4 - Share Details: Details of shareholding and transfer arrangements if applicable

5. Schedule 5 - Deed of Release: Detailed mutual release terms if separate from main agreement

6. Schedule 6 - Announcement: Agreed form of any public or internal announcements

7. Schedule 7 - Handover Plan: Detailed transition plan and responsibilities if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






































Clauses






























Relevant Industries

Financial Services

Technology

Manufacturing

Retail

Healthcare

Mining and Resources

Professional Services

Education

Real Estate

Construction

Energy

Telecommunications

Transportation and Logistics

Agriculture

Non-Profit

Relevant Teams

Legal

Human Resources

Company Secretariat

Board of Directors

Executive Leadership

Corporate Governance

Finance

Compliance

Risk Management

Relevant Roles

Director

Executive Director

Non-Executive Director

Managing Director

CEO

Company Secretary

General Counsel

Chief Financial Officer

Board Chairman

Head of Legal

Chief Operating Officer

HR Director

Corporate Governance Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Directors Contract Of Employment

An Australian-compliant employment contract template for appointing company directors, addressing both executive duties and statutory obligations.

find out more

Medical Director Contract

An Australian-law governed employment agreement for Medical Director positions, covering clinical leadership and administrative responsibilities in healthcare organizations.

find out more

Director Indemnity Agreement

An Australian law-governed agreement providing indemnification to directors for liabilities incurred in their role, subject to Corporations Act 2001 limitations.

find out more

Director Exit Agreement

An Australian agreement governing a director's resignation from a company's board and/or executive position, setting out departure terms and mutual obligations.

find out more

Agreement For Appointment Of Managing Director

An Australian law-governed agreement establishing the terms and conditions for appointing a Managing Director, addressing both corporate governance and employment aspects.

find out more

Executive Director Independent Contractor Agreement

Australian-law agreement establishing dual executive director and independent contractor relationship, addressing corporate governance and contractor obligations.

find out more

Director Settlement Agreement

An Australian law-governed agreement documenting terms and conditions of a director's departure from a company's board, including settlements, releases, and ongoing obligations.

find out more

Nominee Director Indemnity Agreement

An Australian agreement providing indemnification protection for nominee directors, compliant with the Corporations Act 2001 and related legislation.

find out more

Director Profit Sharing Agreement

An Australian law-governed agreement establishing terms for a director's profit-sharing arrangement with a company.

find out more

Director Confidentiality Agreement

An Australian law-compliant confidentiality agreement for company directors, protecting sensitive corporate information during and after board service.

find out more

Director Shareholder Agreement

An Australian law-governed agreement establishing rights and obligations between company directors and shareholders, defining corporate governance and share dealing frameworks.

find out more

Director Fee Agreement

An Australian-law governed agreement establishing director remuneration terms and conditions in compliance with the Corporations Act 2001.

find out more

Independent Director Agreement

An Australian law-governed agreement establishing the terms and conditions for the appointment of an independent director, including duties, remuneration, and compliance obligations.

find out more

Directors Loan Agreement

An Australian-compliant agreement governing loans between a company and its director, addressing Division 7A requirements and establishing loan terms and conditions.

find out more

Managing Director Contract Of Employment

An Australian law-governed employment contract for Managing Directors, outlining executive duties, remuneration, and statutory obligations.

find out more

Nominee Director Agreement

An Australian law-governed agreement establishing the appointment and duties of a nominee director, including their responsibilities and protections under Australian corporate law.

find out more

Company Director Agreement

An Australian law-governed agreement establishing the terms and conditions of a director's appointment to a company's board, including duties, responsibilities, and remuneration.

find out more

Non Executive Director Agreement

An Australian law-governed agreement establishing the appointment terms and conditions for a Non-Executive Director, including duties, remuneration, and statutory obligations.

find out more

Executive Director Employment Contract

An Australian law-governed agreement establishing employment terms and conditions for an executive director, addressing both employment relationship and director duties.

find out more

Directors Service Agreement

An Australian law-governed agreement establishing the terms, conditions, and obligations between a company and its director under the Corporations Act 2001.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.