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The Non-Compete in Severance Agreement is a specialized legal document used in the Netherlands when terminating employment relationships where protecting business interests is crucial. It's particularly relevant for employees with access to confidential information, key client relationships, or specialized knowledge. The agreement combines standard severance provisions required under Dutch law with carefully crafted non-compete restrictions, ensuring compliance with Article 7:653 of the Dutch Civil Code. This document is essential when companies need to protect their legitimate business interests while providing fair compensation and severance terms to departing employees. The agreement must balance enforceability under Dutch law with reasonable restrictions on the employee's future employment opportunities, including specific consideration for the non-compete provisions beyond standard severance payments.

1. Parties: Identification of the employer and employee, including full legal names and addresses

2. Background: Context of the agreement, including employment history and reason for termination

3. Definitions: Key terms used throughout the agreement, including 'Competitive Activities', 'Territory', and 'Restricted Period'

4. Termination of Employment: Formal confirmation of employment termination date and circumstances

5. Severance Payment: Details of the severance amount, calculation method, and payment terms

6. Non-Compete Obligations: Specific restrictions on competitive activities, including scope, duration, and geographical limitations

7. Non-Solicitation: Restrictions on soliciting employees, customers, or business relations

8. Consideration: Specific compensation for the non-compete restrictions, as required under Dutch law

9. Confidentiality: Ongoing obligations regarding confidential information and trade secrets

10. Return of Company Property: Requirements for returning all company assets and information

11. Tax Implications: Statement on tax treatment of payments and responsibilities

12. Enforcement and Penalties: Consequences of breach and enforcement mechanisms

13. Governing Law: Confirmation of Dutch law application and jurisdiction

14. Signatures: Execution blocks for all parties