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Job Separation Agreement
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Brief context of the employment relationship and reason for separation (if mutually agreed)
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date when employment officially ends and last working day if different
5. Final Salary and Benefits: Details of final regular salary payment and treatment of benefits
6. Severance Payment: Amount, timing and conditions of any severance payment
7. Holiday Pay: Calculation and payment of accrued holiday pay under Danish Holiday Act
8. Company Property: Requirements and timeline for returning company property
9. Confidentiality: Ongoing obligations regarding confidential information
10. Full and Final Settlement: Mutual release of claims subject to agreement terms
11. Tax Implications: Statement on tax treatment of payments
12. Governing Law: Confirmation that Danish law governs the agreement
13. Signatures: Execution blocks for both parties
1. Garden Leave: Terms of any garden leave period if applicable
2. Stock Options/RSUs: Treatment of any share-based compensation, required if employee has equity compensation
3. Non-Compete/Non-Solicitation: Post-employment restrictions, if applicable under Danish law
4. Reference: Terms of employment references to be provided
5. Outplacement Support: Details of any career transition services offered
6. Insurance Continuation: Treatment of any insurance benefits post-termination
7. International Aspects: Special provisions for cross-border employment situations
8. Communications: Agreed announcement of departure to colleagues/clients
9. Pension Arrangements: Special handling of pension benefits if applicable
10. Legal Costs: Coverage of legal fees for agreement review if offered
1. Schedule 1 - Payment Calculation: Detailed breakdown of all payments including salary, severance, and holiday pay
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Benefits Summary: Detailed list of benefits and their treatment post-termination
4. Appendix A - Data Protection Terms: Specific provisions regarding handling of personal data post-employment
5. Appendix B - Reference Letter: Template or agreed form of reference letter if applicable
Authors
Company
Confidential Information
Effective Date
Employee
Employer
Final Salary
Garden Leave
Group
Holiday Pay
Last Working Day
Notice Period
Parties
Personal Data
Release Date
Restricted Period
Severance Payment
Termination Date
Trade Secrets
Variable Compensation
Vested Rights
Working Day
Company Property
Collective Agreement
Compensation Package
Outstanding Benefits
Professional Contact
Reference Date
Restricted Business
Settlement Sum
Termination of Employment
Final Payment
Severance
Holiday Pay
Benefits
Company Property Return
Confidentiality
Data Protection
Non-Competition
Non-Solicitation
Full and Final Settlement
Tax Indemnity
Reference
Announcements
Post-Termination Assistance
Legal Costs
Governing Law and Jurisdiction
Entire Agreement
Severability
Counterparts
Third Party Rights
Waiver
Variation
Notice
Garden Leave
Stock Options
Pension Rights
Insurance Benefits
Outplacement Support
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