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Assignment Of Employment Contract
I need an Assignment of Employment Contract under Danish law to transfer 15 software developers from our subsidiary company (TechCo A/S) to our parent company (GlobalTech A/S) as part of our corporate restructuring, effective March 1, 2025, maintaining all existing employment terms and collective agreements.
1. Parties: Identification of the current employer (Assignor), new employer (Assignee), and the Employee
2. Background: Context of the assignment, including the reason for transfer and reference to the original employment contract
3. Definitions: Key terms used in the agreement, including 'Effective Date', 'Employment Contract', and 'Assignment'
4. Assignment and Acceptance: Core provisions detailing the transfer of rights and obligations under the employment contract
5. Effective Date: Specification of when the assignment takes effect
6. Continuing Terms of Employment: Confirmation that employment terms remain unchanged except as specifically modified
7. Employee Acknowledgment: Employee's consent to the assignment and acknowledgment of continued terms
8. Assignor Warranties: Warranties regarding the employment contract and employee status
9. Assignee Obligations: New employer's commitments regarding employment terms and conditions
10. Holiday Pay and Benefits: Treatment of accrued holiday pay, pension, and other benefits
11. Data Protection: Provisions for handling employee personal data in compliance with GDPR
12. Notices: Process for formal communications between parties
13. Governing Law: Confirmation of Danish law as governing law
14. Execution: Signature blocks for all parties
1. Collective Agreement Provisions: Required when the employee is covered by a collective agreement, detailing how these terms will be maintained
2. Intellectual Property Rights: Required when the employee's role involves creation of IP or access to company IP
3. Non-Competition Obligations: Required when existing employment contract contains non-compete clauses that need to be addressed
4. International Elements: Required when assignment involves cross-border elements or international working arrangements
5. Bonus and Commission Arrangements: Required when existing bonus or commission schemes need to be addressed
6. Company Property: Required when employee has company assets or access to systems that need to be transferred or addressed
7. Probationary Period: Optional section if a new probationary period is to be established with the new employer
8. Modified Terms: Required when any terms of employment will change upon assignment
1. Schedule 1 - Original Employment Contract: Copy of the existing employment contract being assigned
2. Schedule 2 - Modified Terms of Employment: Details of any changes to employment terms taking effect upon assignment
3. Schedule 3 - Employee Benefits Summary: Overview of all benefits, pension arrangements, and other entitlements being transferred
4. Schedule 4 - Outstanding Obligations: List of any outstanding obligations, loans, or advances between current employer and employee
5. Appendix A - Required Notices and Consents: Copies of any required regulatory notices or third-party consents
6. Appendix B - Data Processing Terms: Detailed provisions regarding the handling and transfer of employee personal data
Authors
Financial Services
Manufacturing
Technology
Professional Services
Retail
Healthcare
Construction
Education
Transportation
Energy
Telecommunications
Real Estate
Hospitality
Media and Entertainment
Consulting
Insurance
Human Resources
Legal
Compliance
Executive Leadership
Operations
Finance
Administration
Risk Management
Corporate Development
Mergers & Acquisitions
HR Director
HR Manager
Legal Counsel
Compliance Officer
Business Unit Manager
Department Head
Chief Executive Officer
Chief Human Resources Officer
Employment Lawyer
Operations Manager
Project Manager
Finance Director
Administrative Manager
Company Secretary
Risk Manager
Integration Manager
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