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Termination Employment Contract
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 termination (ensuring compliance with Danish law regarding fair dismissal)
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date of employment termination and last working day
5. Notice Period: Details of the notice period as per Danish Salaried Employees Act or employment contract
6. Final Salary and Benefits: Calculation and payment terms for final salary, unused holiday pay, and other statutory entitlements
7. Company Property: Requirements for returning company property and timeline
8. Confidentiality: Ongoing obligations regarding confidential information
9. Final Settlement: Confirmation that the agreement represents full and final settlement of all claims
10. Applicable Law: Confirmation that the agreement is governed by Danish law
11. Signatures: Execution blocks for both parties
1. Garden Leave: Include when employee is placed on garden leave during notice period
2. Severance Payment: Include when additional severance payment beyond statutory requirements is offered
3. Reference Letter: Include when terms for providing a reference letter are agreed
4. Non-Competition/Non-Solicitation: Include when post-employment restrictions apply and comply with Danish Act on Non-Competition Clauses
5. Ongoing Projects: Include when handover of specific projects or responsibilities is required
6. Stock Options/Bonus: Include when addressing treatment of outstanding stock options or bonus payments
7. Legal Assistance: Include when employer provides compensation for employee's legal counsel
8. Tax Implications: Include when special tax considerations need to be addressed
9. Outplacement Support: Include when outplacement services are offered
1. Schedule 1 - Calculation of Final Payment: Detailed breakdown of final salary, holiday pay, and other entitlements
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Benefits Termination Schedule: Timeline and details for termination of various benefits
4. Appendix A - Reference Letter Draft: If agreed, the approved form of reference letter
5. Appendix B - Ongoing Projects Status: Details of projects requiring handover and status report
Authors
Company
Confidential Information
Effective Date
Employee
Employment Contract
Final Payment
Garden Leave
Holiday Pay
Last Working Day
Notice Period
Party/Parties
Personal Data
Release Date
Restricted Period
Severance Payment
Termination Date
Trade Secrets
Outstanding Benefits
Company Property
Intellectual Property Rights
Business Day
Collective Agreement
Reference Letter
Final Settlement
Pension Scheme
Bonus Scheme
Stock Options
Non-Competition Obligations
Non-Solicitation Obligations
Notice Period
Final Payment
Holiday Pay
Severance
Company Property Return
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Full and Final Settlement
Reference
Tax
Garden Leave
Handover
Benefits Termination
Pension
Stock Options
Outstanding Bonuses
Legal Fees
Mutual Release
Governing Law
Dispute Resolution
Entire Agreement
Survival
Amendment
Severability
Notices
Third Party Rights
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