Document background
The Director's Contract of Employment is a specialized employment agreement used when appointing directors to Irish companies, whether they are executive or non-executive directors. This document is essential for establishing clear terms of engagement, protecting both the company's and director's interests, and ensuring compliance with Irish company law and employment legislation. It typically becomes necessary when appointing new directors, promoting existing employees to director positions, or updating terms for current directors. The contract addresses the dual nature of a director's role - as both an employee and a company officer - and includes specific provisions required under the Companies Act 2014, employment law, and corporate governance requirements. It's particularly important for documenting remuneration packages, performance expectations, fiduciary duties, and post-termination obligations.
