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Mutual Agreement To Terminate Employment
1. Parties: Identification of the employer and employee, including their full legal names, addresses, and any relevant registration numbers
2. Background: Brief context of the employment relationship and mutual decision to terminate
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date when the employment relationship will end
5. Final Salary and Benefits: Details of final salary payment, including any pro-rata calculations
6. Holiday Pay Settlement: Calculation and payment of any accrued holiday pay under the Danish Holiday Act
7. Company Property: Requirements for returning company property and timeline
8. Confidentiality Obligations: Ongoing obligations regarding confidential information
9. Full and Final Settlement: Confirmation that the agreement represents a full and final settlement of all claims
10. Tax Implications: Statement about tax treatment of payments and responsibilities
11. Governing Law: Confirmation that Danish law governs the agreement
12. Signatures: Execution blocks for both parties
1. Bonus Payments: Include when addressing pro-rated bonus payments or outstanding bonus obligations
2. Share Options: Required when the employee has share options or other equity-based compensation
3. Post-termination Restrictions: Include if there are non-compete or non-solicitation clauses to be maintained or modified
4. Reference Provision: Include when agreeing on the content and format of future employment references
5. Pension Arrangements: Required when addressing specific pension scheme settlements or transfers
6. Insurance Benefits: Include when addressing continuation or termination of insurance benefits
7. Professional Memberships: Include when addressing company-paid professional memberships
8. Outplacement Support: Include when the company is providing outplacement services
9. Communications: Include when agreeing on how the departure will be communicated internally and externally
1. Schedule 1 - Payment Calculation: Detailed breakdown of all financial payments including salary, holiday pay, and other benefits
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 - Tax Declaration: Any required tax declarations or forms
5. Appendix B - Release of Claims: Detailed release of claims language if required under Danish law
Authors
Company
Employee
Effective Date
Termination Date
Final Salary
Holiday Pay
Notice Period
Confidential Information
Company Property
Intellectual Property Rights
Personal Data
Professional Expenses
Bonus Payment
Share Options
Benefits
Pension Scheme
Settlement Payment
Working Day
Group Companies
Board of Directors
Collective Agreement
Release
Claims
Restrictive Covenants
Reference
Trade Secrets
Insurance Benefits
Outplacement Services
Final Settlement Amount
Mutual Agreement to Terminate
Termination Date
Final Payment
Holiday Pay
Pension Arrangements
Company Property Return
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
References
Tax Indemnity
Release of Claims
Full and Final Settlement
Communication
Assistance with Handover
Outplacement Support
Continuing Obligations
Severability
Entire Agreement
Governing Law
Jurisdiction
Amendment
Notices
Third Party Rights
Counterparts
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