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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
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