Document background
The Agreement For Employee Bond is a crucial document used when an employer makes substantial investments in employee training or education in Ireland. It provides legal protection for employers investing in their workforce while ensuring fair terms for employees. The agreement details the training provided, its cost, the required service period, and repayment terms if the employee leaves before completing the agreed period. This document is particularly relevant when employers offer expensive training programs, professional certifications, or advanced education opportunities. It must comply with Irish employment law, including the Payment of Wages Act 1991 and Employment Equality Acts, while maintaining reasonable and enforceable terms. The agreement typically includes specific provisions for calculating repayment amounts, usually pro-rated based on the service period completed.
