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Termination Of Employment Contract
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: Key terms used throughout the agreement
4. Termination Date: Clear statement of the last day of employment and any garden leave period
5. Notice Period: Details of the notice period and whether it will be worked or paid in lieu
6. Final Salary and Benefits: Breakdown of final salary payment, including any pro-rata calculations
7. Holiday Pay: Calculation and payment of outstanding holiday entitlement as per the Danish Holiday Act
8. Company Property: Requirements for returning company property and timeline
9. Confidentiality: Ongoing obligations regarding confidential information
10. Full and Final Settlement: Confirmation that the agreement represents full and final settlement of all claims
11. Governing Law: Confirmation that the agreement is governed by Danish law
1. Garden Leave: Used when the employee will be placed on garden leave during the notice period
2. Severance Pay: Include when additional severance payment is being offered beyond statutory requirements
3. Non-Competition Clause: Include when enforcing existing non-compete obligations or modifying them
4. Reference: Terms regarding the provision of employment references
5. Outplacement Support: Include when the company is offering career transition services
6. Share Options/Incentives: Treatment of existing share options or other incentive schemes
7. Pension Arrangements: Include when specific pension-related arrangements need to be addressed
8. Legal Representation: Include when the employee has received independent legal advice
1. Schedule 1 - Payment Calculation: Detailed breakdown of all final payments including salary, holiday pay, and any additional 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 termination dates
4. Appendix A - Employee Information: Employee's personal and employment details including length of service
5. Appendix B - Existing Restrictive Covenants: Copy of any existing non-compete or non-solicitation clauses that remain in effect
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