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The Indemnification Employment Agreement is designed for use in situations where employees require protection against personal liability while performing their professional duties under Danish law. This document is particularly relevant for senior executives, board members, and key decision-makers who may face personal liability risks in their roles. It combines standard employment terms required under Danish employment law with comprehensive indemnification provisions, ensuring compliance with the Danish Salaried Employees Act and other relevant legislation. The agreement typically includes detailed sections on the scope of indemnification, claim procedures, and exclusions, while maintaining alignment with Danish corporate governance requirements and employment protections. It's commonly used when hiring for positions with significant responsibility or in industries with heightened regulatory oversight.

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

2. Background: Context of the employment relationship and purpose of the indemnification agreement

3. Definitions: Key terms used throughout the agreement, including specific types of claims, losses, and indemnified events

4. Scope of Employment: Description of the employee's position, duties, and responsibilities

5. Term of Employment: Duration of employment, including start date and whether fixed-term or permanent

6. Compensation and Benefits: Salary, benefits, and other forms of compensation in accordance with Danish law

7. Indemnification Obligations: Detailed description of the company's obligations to indemnify the employee

8. Conditions for Indemnification: Prerequisites and conditions that must be met for indemnification to apply

9. Exclusions from Indemnification: Specific circumstances where indemnification will not apply

10. Notice of Claims: Procedures for notifying the company of claims requiring indemnification

11. Defense and Settlement: Process for handling legal defense and settlement of claims

12. Insurance: Requirements regarding insurance coverage related to indemnification

13. Confidentiality: Obligations regarding confidential information and trade secrets

14. Governing Law: Specification of Danish law as governing law and jurisdiction

15. Severability: Provision ensuring remainder of agreement remains valid if any part is found invalid

16. Entire Agreement: Confirmation that the agreement represents the complete understanding between parties