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Employee Release Agreement

Employee Release Agreement Template for Ireland

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Key Requirements PROMPT example:

Employee Release Agreement

"I need an Employee Release Agreement under Irish law for a senior software developer who will be leaving on March 15, 2025, including post-employment restrictions and provisions for unvested stock options."

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Document background
The Employee Release Agreement is a crucial document used in Irish employment law contexts when formalizing the termination of an employment relationship. It is particularly relevant in situations involving mutual separation, redundancy, or negotiated exits, providing a legally binding framework that protects both employer and employee interests. The agreement typically combines statutory requirements under Irish law with negotiated terms, including financial settlements, confidentiality provisions, and release of claims. It must comply with Irish employment legislation, including the Unfair Dismissals Acts, Employment Equality Acts, and relevant EU regulations. The document serves as a comprehensive record of the termination arrangement, helping prevent future disputes and providing clarity on post-employment obligations.
Suggested Sections

1. Parties: Identifies the employer and employee with full legal names and addresses

2. Background: Sets out the context of the employment relationship, including start date, most recent position, and fact of termination

3. Definitions: Defines key terms used throughout the agreement, including 'Effective Date', 'Claims', 'Confidential Information'

4. Termination Date: Specifies the official end date of employment and final working day if different

5. Payment Terms: Details of termination payment, including statutory entitlements, ex-gratia payments, and payment timing

6. Tax Treatment: Clarifies tax implications of payments and specifies which party bears responsibility for tax liabilities

7. Release of Claims: Comprehensive release of claims by employee against employer, subject to statutory exceptions

8. Company Property: Requirements for return of company property, documents, and data

9. Continuing Obligations: Ongoing obligations regarding confidentiality and intellectual property

10. Reference: Terms of employment references to be provided

11. Legal Advice: Confirmation that employee has received independent legal advice or had the opportunity to do so

12. Entire Agreement: Confirms agreement represents complete understanding between parties and supersedes previous agreements

13. Governing Law: Specifies Irish law as governing law and Irish courts as having jurisdiction

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Garden Leave: Include when employee is placed on garden leave before termination date

2. Post-termination Restrictions: Include when implementing non-compete, non-solicitation, or other restrictive covenants

3. Benefits Continuation: Include when certain benefits will continue post-termination

4. Outplacement Support: Include when providing career transition services

5. Share Options/Awards: Include when addressing treatment of existing share options or awards

6. Directors Duties: Include when employee holds director positions requiring resignation

7. Announcement: Include when parties agree to specific internal/external communications about departure

8. Re-engagement: Include when specifying terms about future employment possibilities

9. Settlement of Specific Claims: Include when addressing specific known disputes or claims

10. Cooperation in Litigation: Include when ongoing cooperation in legal matters is required

Suggested Schedules

1. Schedule 1 - Payment Calculation: Detailed breakdown of all payments including statutory entitlements, ex-gratia payments, and benefits

2. Schedule 2 - Company Property: Itemized list of company property to be returned

3. Schedule 3 - Post-termination Restrictions: Full details of any continuing restrictions on employee's activities

4. Schedule 4 - Benefits Summary: Details of any benefits continuing post-termination and their duration

5. Appendix A - Legal Advice Certificate: Certificate from independent legal advisor confirming advice given

6. Appendix B - Resignation Letter: Template or copy of resignation letter(s) from directorship positions

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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






































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Relevant Industries

Technology

Financial Services

Manufacturing

Retail

Healthcare

Professional Services

Education

Construction

Telecommunications

Media and Entertainment

Pharmaceuticals

Energy

Transportation

Real Estate

Hospitality

Relevant Teams

Human Resources

Legal

Finance

Operations

Sales

Marketing

Information Technology

Research and Development

Customer Service

Administration

Product Development

Business Development

Executive Leadership

Manufacturing

Quality Assurance

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Senior Manager

Department Head

Project Manager

Software Developer

Sales Representative

Account Manager

Human Resources Manager

Operations Manager

Financial Analyst

Marketing Executive

Research Scientist

Administrative Assistant

Customer Service Representative

Technical Lead

Product Manager

Business Development Manager

Regional Director

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

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