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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
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