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1. Parties: Identification of the employer and employee, including all relevant registration/identification numbers
2. Background: Brief description of the employment relationship, including start date and current position
3. Definitions: Definition of key terms used throughout the agreement
4. Termination Date: Clear statement of the effective date of termination
5. Notice Period: Details of the notice period calculation and duration in accordance with Belgian law
6. Financial Settlement: Comprehensive breakdown of all financial elements including salary, benefits, and severance pay
7. Return of Company Property: Requirements and timeline for returning all company assets and property
8. Confidentiality Obligations: Ongoing obligations regarding confidential information
9. Final Settlement: Terms for the final settlement of all accounts and outstanding matters
10. Tax Treatment: Statement regarding the tax treatment of the termination payments
11. Acknowledgment: Employee acknowledgment of understanding and agreement to terms
12. Governing Law: Confirmation of Belgian law as governing law and jurisdiction
13. Signatures: Execution section for both parties
1. Garden Leave: Terms of garden leave if applicable during the notice period
2. Non-Competition: Non-competition provisions if permitted and applicable under existing employment contract
3. Outplacement Services: Details of outplacement support if required by law based on employee's age and service length
4. Insurance Continuation: Provisions for continuing insurance coverage post-termination if applicable
5. Reference Agreement: Terms regarding future employment references
6. Ongoing Legal Proceedings: Provisions addressing any pending legal matters or claims
7. Stock Options/Benefits: Treatment of outstanding stock options or long-term benefits
8. Company Housing: Provisions regarding company housing if provided
9. Mutual Release: Mutual release of claims if agreed between parties
1. Schedule 1 - Severance Calculation: Detailed calculation of severance pay and notice period
2. Schedule 2 - Outstanding Benefits: List and calculation of all outstanding benefits and compensations
3. Schedule 3 - Company Property: Inventory of company property to be returned
4. Schedule 4 - Post-Termination Obligations: Detailed list of ongoing obligations after termination
5. Appendix A - Statutory Rights: Summary of statutory rights and entitlements under Belgian law
6. Appendix B - Tax Summary: Summary of tax implications and treatments of various payment components
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Media and Entertainment
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Executive Management
Corporate Secretariat
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