tiktok成人版

Executive Severance Agreement Template for Denmark

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Executive Severance Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

Executive Severance Agreement

I need an Executive Severance Agreement under Danish law for our departing CFO, who will leave by mutual agreement on March 1, 2025, including provisions for unvested stock options and continued health benefits for 6 months.

What is a Executive Severance Agreement?

The Executive Severance Agreement is a critical document used when terminating the employment relationship with senior executives in Denmark. It serves as a comprehensive framework for managing executive departures, whether through mutual agreement, retirement, or other circumstances. The agreement must comply with Danish employment law, particularly the Salaried Employees Act (Funktion脙茠脗娄rloven), while addressing complex compensation elements including base salary continuation, bonus treatments, equity compensation, and benefits. This document is essential for risk management and ensuring clear terms for both parties, typically incorporating specific Danish legal requirements regarding notice periods, holiday pay calculations, and tax treatments. The agreement becomes particularly important in situations involving listed companies or regulated industries where transparency and proper governance of executive departures is crucial.

What sections should be included in a Executive Severance Agreement?

1. Parties: Identification of the company and the executive, including their respective addresses and registration details

2. Background: Brief context of the executive's employment and the circumstances leading to the severance agreement

3. Definitions: Key terms used throughout the agreement, including 'Termination Date', 'Severance Period', and 'Cause'

4. Termination Date and Status: Specification of the last day of employment and immediate transition arrangements

5. Severance Payment: Details of the severance package, including base salary continuation, calculation method, and payment schedule

6. Statutory and Contractual Payments: Treatment of accrued holiday pay, bonus payments, and other statutory entitlements under Danish law

7. Benefits Continuation: Details of any continued benefits during the severance period, including health insurance and company perks

8. Tax and Social Security: Tax treatment of payments and respective obligations of the parties regarding social security contributions

9. Confidentiality Obligations: Ongoing duties regarding company confidential information and trade secrets

10. Company Property: Requirements for return of company property and documentation

11. Release of Claims: Mutual release of claims between parties, subject to Danish law requirements

12. Reference and Communications: Agreement on employment references and internal/external communications regarding the departure

13. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes

14. Entire Agreement: Standard integration clause confirming this agreement supersedes previous arrangements

What sections are optional to include in a Executive Severance Agreement?

1. Equity Compensation: Treatment of stock options, RSUs, or other equity-based compensation, used when the executive has equity incentives

2. Non-Competition and Non-Solicitation: Post-employment restrictions, only included if new or modified restrictions are agreed upon

3. International Assignment: Special provisions for executives who have worked internationally, addressing tax equalization and repatriation

4. Outplacement Services: Details of career transition support, if offered as part of the package

5. Board Positions: Resignation from board positions, required when executive serves on company boards

6. Pension Arrangements: Special provisions for pension schemes beyond statutory requirements

7. Retention Bonus: Terms for any additional payment for staying until a specific date, if applicable

8. Legal Fees: Company's contribution to executive's legal fees for reviewing the agreement

What schedules should be included in a Executive Severance Agreement?

1. Schedule 1 - Severance Calculation: Detailed breakdown of severance payment calculation, including base salary, average bonus, and other components

2. Schedule 2 - Benefits Summary: List of continued benefits and their duration during the severance period

3. Schedule 3 - Company Property: Itemized list of company property to be returned

4. Schedule 4 - Equity Awards: Summary of outstanding equity awards and their treatment

5. Schedule 5 - Release Agreement: Form of release agreement compliant with Danish law

6. Schedule 6 - Communications Plan: Agreed announcement and communication templates

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses

































Relevant Industries

Financial Services

Technology

Manufacturing

Healthcare

Retail

Energy

Telecommunications

Professional Services

Real Estate

Consumer Goods

Industrial

Life Sciences

Media and Entertainment

Transportation and Logistics

Relevant Teams

Human Resources

Legal

Finance

Executive Office

Corporate Governance

Compensation & Benefits

Board Secretariat

Compliance

Corporate Communications

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Chief Technology Officer

Chief Marketing Officer

Chief Human Resources Officer

Managing Director

Executive Vice President

Senior Vice President

Division President

Country Manager

Regional Director

General Manager

Chief Legal Officer

Chief Investment Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Executive Severance Agreement

Danish law-governed agreement establishing terms for executive employment separation, including severance payments, benefits, and post-employment obligations.

find out more

Severance Pay Agreement

Danish law-compliant agreement specifying severance terms and conditions between employer and departing employee, including compensation and mutual obligations.

find out more

Confidentiality And Non Disparagement Agreement

A Danish law-governed agreement combining confidentiality obligations and non-disparagement provisions, ensuring protection of sensitive information and reputation.

find out more

Job Separation Agreement

A Danish law-compliant agreement documenting employment termination terms, including compensation, benefits, and post-employment obligations.

find out more

Non Disparage Agreement

A Danish law-governed agreement preventing parties from making negative statements about each other, with specific enforcement provisions and legal compliance requirements.

find out more

Voluntary Severance Agreement

Danish law-governed agreement documenting mutually agreed terms for voluntary employment termination, including severance payments and final settlements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.