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Termination Agreement Form
1. Parties: Identification of the employer and employee, including full legal names, addresses, and relevant identification numbers
2. Background: Brief context of the employment relationship, including start date and current position
3. Definitions: Definition of key terms used throughout the agreement
4. Termination Date: Clear statement of the effective date of termination and last working day
5. Final Salary and Benefits: Details of final salary payment, including calculation of any pro-rata amounts
6. Holiday Pay Settlement: Calculation and payment terms for any accrued holiday pay as per the Danish Holiday Act
7. Company Property: Requirements and timeline for returning company property
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. Governing Law: Confirmation that the agreement is governed by Danish law
11. Signatures: Execution blocks for both parties
1. Severance Payment: Details of any severance payment beyond statutory requirements - include when additional severance is offered
2. Release of Claims: Mutual release of claims - include in cases of potential disputes or when offering enhanced packages
3. Reference Provision: Terms regarding employment references - include when agreed to provide references
4. Non-Competition/Non-Solicitation: Post-employment restrictions - include when existing contracts contain these clauses or new ones are agreed
5. Outplacement Support: Details of any career transition services - include when offering outplacement support
6. Share Options/Bonus Treatment: Treatment of outstanding share options or bonus payments - include when employee has such arrangements
7. Insurance Continuation: Details of any post-employment insurance benefits - include when offering extended coverage
8. Tax Implications: Overview of tax treatment - include when complex compensation elements are involved
1. Schedule 1 - Payment Calculation: Detailed breakdown of all payments including final salary, holiday pay, and any additional payments
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Benefit Details: Detailed information about the treatment of various benefits and their termination dates
4. Appendix A - Data Privacy Notice: Information about the handling of personal data post-employment
5. Appendix B - Tax Summary: Summary of tax treatment of various payment elements
6. Appendix C - Existing Restrictive Covenants: Copy of any existing non-compete or non-solicitation obligations that will continue
Authors
Company
Confidential Information
Effective Date
Employee
Employer
Final Salary
Holiday Pay
Last Working Day
Notice Period
Parties
Personal Data
Release
Restrictive Covenants
Severance Payment
Termination Date
Trade Secrets
Company Property
Collective Agreement
Pension Benefits
Outstanding Benefits
Bonus Payment
Share Options
Professional Secrecy
Full and Final Settlement
Working Day
Accrued Holiday
Holiday Year
Employment Contract
Intellectual Property Rights
Final Payment
Holiday Pay
Severance
Confidentiality
Non-Competition
Non-Solicitation
Return of Property
Data Protection
References
Release of Claims
Full and Final Settlement
Tax
Governing Law
Benefits Termination
Share Options
Bonus Treatment
Professional Secrecy
Intellectual Property
Post-Employment Obligations
Cooperation
Announcements
Insurance
Pension
Legal Costs
Dispute Resolution
Entire Agreement
Severability
Amendments
Notices
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