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End Of Service Contract
1. Parties: Identification of the employer and the departing employee
2. Background: Context of the employment relationship and reason for termination
3. Definitions: Key terms used throughout the agreement
4. Effective Date of Termination: Specification of the last day of employment
5. Final Salary and Benefits: Details of final regular salary payment and treatment of benefits
6. Severance Payment: Terms and calculation of any severance or termination payments
7. Holiday Pay Settlement: Calculation and payment of accrued holiday entitlements
8. Company Property: Requirements for return of company property and equipment
9. Confidentiality Obligations: Ongoing duties regarding confidential information
10. Full and Final Settlement: Mutual release of claims and waiver provisions
11. Tax Implications: Statement on tax treatment of payments and responsibilities
12. Governing Law: Confirmation of Danish law as governing law
13. Signatures: Execution provisions and signature blocks
1. Non-Compete Provisions: Used when enforcing existing or establishing new non-compete restrictions
2. Non-Solicitation Provisions: Used when restricting contact with customers or employees
3. Reference Provision: Used when agreeing on the content and format of future references
4. Outplacement Support: Used when providing career transition services
5. Share Options/Incentives: Used when addressing outstanding share options or incentive schemes
6. Pension Arrangements: Used when special pension considerations apply
7. Communications: Used when agreeing on how the departure will be communicated
8. Continuing Benefits: Used when certain benefits will continue post-employment
9. Legal Fees: Used when employer agrees to contribute to employee's legal costs
1. Schedule 1 - Payment Calculation: Detailed breakdown of all payments including salary, severance, and benefits
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Benefits Summary: Details of benefit arrangements and cut-off dates
4. Appendix A - Tax Calculation: Breakdown of tax treatment of different payment elements
5. Appendix B - Confidential Information: Specific details of confidential information covered by obligations
6. Appendix C - Share Option Statement: Status and treatment of any share options or equity arrangements
Authors
Company
Confidential Information
Effective Date
Employee
Final Salary
Group
Holiday Pay
Intellectual Property Rights
Notice Period
Party/Parties
Personal Data
Reference Date
Remaining Holiday Entitlement
Severance Payment
Termination Date
Company Property
Business Day
Pension Scheme
Non-Compete Obligations
Non-Solicitation Obligations
Professional Contacts
Settlement Sum
Tax Deductions
Working Day
Benefits
Share Options
Bonus
Commission
Outstanding Remuneration
Final Payment
Severance
Holiday Pay
Pension Arrangements
Company Property Return
Confidentiality
Data Protection
Non-Competition
Non-Solicitation
Intellectual Property
Tax Indemnity
Reference Provision
Full and Final Settlement
Continuing Obligations
Legal Costs
Communications
Governing Law
Dispute Resolution
Entire Agreement
Third Party Rights
Severability
Waiver
Amendment
Notices
Counterparts
Assignment
Force Majeure
Cooperation
Survival
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