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The Executive Director Employment Contract is a crucial document used when appointing senior executives who will also serve on the company's board of directors in Ireland. It is designed to comply with both Irish employment law and the Companies Act 2014, addressing the unique dual role of an executive director who has both operational responsibilities and statutory duties as a board member. This contract is typically used for C-suite appointments, managing director roles, and other senior executive positions where the individual will have significant strategic input and decision-making authority. The document needs to carefully balance the executive's operational duties with their fiduciary responsibilities as a director, while also protecting the company's interests through appropriate confidentiality provisions and restrictive covenants.

1. Parties: Identification of the company and the executive director

2. Background: Context of the appointment and any relevant corporate approvals

3. Definitions and Interpretation: Key terms used throughout the agreement

4. Appointment and Term: Position, effective date, and term of appointment

5. Duties and Responsibilities: Executive and director duties, reporting lines, and performance obligations

6. Time Commitment and Location: Working hours, place of work, and travel requirements

7. Remuneration: Base salary, review process, and payment arrangements

8. Bonus and Incentive Plans: Performance-related bonuses and long-term incentive arrangements

9. Benefits and Expenses: Insurance, pension, car allowance, and expense reimbursement

10. Holidays and Leave: Annual leave entitlement and public holidays

11. Illness and Sick Pay: Provisions for illness, injury, and sick leave

12. Director Specific Obligations: Statutory duties, board meetings, and corporate governance requirements

13. Confidentiality: Protection of confidential information during and after employment

14. Intellectual Property: Ownership and protection of IP created during employment

15. Data Protection: GDPR compliance and data processing provisions

16. Restrictive Covenants: Non-compete, non-solicitation, and other post-employment restrictions

17. Termination: Grounds for termination, notice periods, and garden leave

18. Post-Termination Obligations: Return of property, handover requirements, and ongoing obligations

19. General Provisions: Governing law, entire agreement, and other standard clauses