An Exit Agreement For Director is a crucial document used when a director leaves their position, whether through resignation, mutual agreement, or other circumstances. This agreement, governed by English and Welsh law, serves to protect both the company's interests and the departing director's rights. It typically includes provisions for financial settlements, treatment of share options, confidentiality obligations, and post-termination restrictions. The document ensures compliance with UK company law, employment legislation, and regulatory requirements, while providing clarity and certainty for all parties involved.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the company and the departing director
2. Background: Context of directorship and reason for exit
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date when directorship ends and handover arrangements
5. Payment Terms: Details of final salary, benefits, and any settlement payment
6. Company Property: Return of company assets and documents
7. Confidentiality: Ongoing obligations regarding company information
8. Post-Termination Restrictions: Non-compete and other restrictive covenants
1. Share Options: Treatment of existing share options and equity arrangements
2. Legal Fees: Terms regarding company contribution to director's legal advice
3. Garden Leave: Terms and conditions of any garden leave period
4. References: Agreement on future references and announcements
1. Schedule 1: Payment Details: Detailed breakdown of all payments including salary, benefits, and settlement amounts
2. Schedule 2: Company Property: Comprehensive list of company items to be returned
3. Schedule 3: Resignation Letter: Form of resignation letter for Companies House filing
4. Schedule 4: Announcement: Agreed form of internal and external announcement regarding director's departure
Find the exact document you need
Termination Release Agreement
An England & Wales legal document outlining mutual employment termination terms and waiving potential claims.
Download
Termination Of Work Contract
An England & Wales legal document outlining terms for ending an employment relationship, ensuring compliance and protection.
Download
Termination Of Franchise Agreement
An England & Wales legal document ending a franchise relationship, detailing obligations and protections for both parties.
Download
Termination Of Business Relationship
An England & Wales agreement formally ending a business relationship, detailing final obligations and confidentiality terms.
Download
Termination Of Agency Agreement
An England & Wales legal document terminating an agency relationship, detailing rights and obligations post-termination.
Download
Mutual Consent Contract
An England & Wales legal document formalizing mutual obligations and rights between consenting parties.
Download
End Of Service Contract
A legal document from England & Wales granting power of attorney for financial and property matters.
Download
End Of Fixed Term Contract
A legal document terminating employment, outlining rights and obligations at the end of a fixed-term contract.
Download
End Of Employment Contract
A legal document outlining the terms and conditions for the termination of an employment relationship.
Download
Contract Closing Letter
A legal contract in England & Wales outlining terms for the sale and transfer of property ownership.
Download
Automatic Termination Of Contract
A legal document from England & Wales granting power of attorney for financial and property affairs.
Download
Seller Termination Of Contract
A legal document under English and Welsh law used by sellers to formally terminate a contractual relationship with a buyer.
Download
Voluntary Termination Of Employment Agreement
An agreement under English and Welsh law documenting the mutually agreed termination of employment between employer and employee.
Download
Cancellation Of Buyer Representation Agreement Form
An English and Welsh law-compliant document that terminates a buyer's representation agreement with their real estate agent.
Download
Termination Of Vehicle Lease Agreement
A legal document under English and Welsh law that terminates a vehicle lease agreement and settles all related obligations between parties.
Download
Lease Termination Letter For Trucking
A formal notice under English and Welsh law to end a commercial truck lease agreement.
Download
Professional Cancellation Letter
A formal letter for terminating professional services under English and Welsh law.
Download
Termination Of Broker Agreement
An English law agreement that formally ends a broker relationship, setting out termination terms and obligations under UK jurisdiction.
Download
Tenancy Surrender Agreement
An agreement under English and Welsh law that formally terminates a tenancy before its natural expiry date by mutual consent.
Download
Exit Agreement For Director
An English law agreement setting out terms for a director's departure from a company, including financial settlements and ongoing obligations.
Download
Termination Of Lease And Surrender Agreement
An English and Welsh law agreement that terminates a lease early and returns property possession to the landlord.
Download
Cancellation Of Agreement To Sell
A legal document under English and Welsh law that formally terminates an existing agreement to sell between parties, outlining cancellation terms and mutual release of obligations.
Download
Real Estate Contract Cancellation Letter
A formal letter used in England and Wales to terminate a property sale agreement, providing legal notice of contract cancellation.
Download
Real Estate Termination Agreement
A legal document under English and Welsh law that formally terminates an existing property agreement and sets out the terms for ending the relationship between parties.
Download
Termination Of Business Relationship Letter
A formal notice under English and Welsh law to end a business relationship, outlining termination terms and transition arrangements.
Download
Cancellation Letter For Company
A formal notice under English and Welsh law used to terminate a business contract between companies.
Download
Termination Of Joint Venture Agreement
A legal agreement under English and Welsh law that formally terminates a joint venture relationship and sets out terms for dissolution and settlement.
Download
Termination Of Management Agreement
A legal document under English and Welsh law that terminates an existing management agreement and sets out the terms for conclusion of the management relationship.
Download
Termination Cancellation Letter
A formal document used under English and Welsh law to officially cancel an existing contract or agreement.
Download
Agreement Of Sale Cancellation
An English and Welsh law document that formally terminates an existing sale agreement and sets out the terms of cancellation between parties.
Download
Termination Of Collaboration Agreement
A legal document under English and Welsh law that formally terminates a collaborative relationship between parties, addressing separation terms and obligations.
Download
Termination Of Supplier Contract
A legal document under English and Welsh law that formally terminates a supplier relationship and outlines separation terms.
Download
Lease Surrender Agreement
An English law agreement that formally terminates a lease before its natural expiry date by mutual consent between landlord and tenant.
Download
End Of Fixed Term Contract Letter
A formal notice under English and Welsh law confirming the termination of a fixed-term employment contract.
Download
Cancellation Of Services Letter
A formal notice under English and Welsh law to terminate ongoing services, providing written confirmation of cancellation details and effective date.
Download
Contract Cancellation Letter
A formal notice for terminating contractual agreements under English and Welsh law.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it