Executive Retention Bonus Agreement Template for Denmark

1. Clawback Provisions: Terms for recovering bonus payments in specific circumstances, typically included for senior executives or regulated industries

2. Non-Competition: Post-employment restrictions, if permitted under Danish law and appropriate for the role

3. Additional Benefits: Any supplementary benefits or considerations tied to the retention period

4. Change of Control: Impact of company ownership changes on the bonus agreement, relevant for publicly traded or acquisition-target companies

5. Insurance and Benefits Continuation: Details of any insurance or benefit continuation arrangements during the retention period

6. Alternative Dispute Resolution: Mediation or arbitration provisions if preferred over court jurisdiction

7. Currency and Exchange Rate: Relevant for international executives or if bonus is denominated in non-Danish currency

1. Bonus Calculation Schedule: Detailed methodology for calculating the retention bonus, including any performance metrics or adjustments

2. Payment Schedule: Timeline of installment payments if the bonus is paid in multiple tranches

3. Performance Criteria: If applicable, specific metrics or targets that affect bonus payment

4. Tax Treatment Examples: Illustrative examples of tax calculations and implications

5. Position Description: Detailed outline of the executive's role and responsibilities during the retention period