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Job Separation Agreement
I need a Job Separation Agreement for a senior IT director in Copenhagen who will be leaving due to restructuring, effective March 1, 2025, including provisions for stock options and a 6-month non-compete clause.
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 separation (if mutually agreed)
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date when employment officially ends and last working day if different
5. Final Salary and Benefits: Details of final regular salary payment and treatment of benefits
6. Severance Payment: Amount, timing and conditions of any severance payment
7. Holiday Pay: Calculation and payment of accrued holiday pay under Danish Holiday Act
8. Company Property: Requirements and timeline for returning company property
9. Confidentiality: Ongoing obligations regarding confidential information
10. Full and Final Settlement: Mutual release of claims subject to agreement terms
11. Tax Implications: Statement on tax treatment of payments
12. Governing Law: Confirmation that Danish law governs the agreement
13. Signatures: Execution blocks for both parties
1. Garden Leave: Terms of any garden leave period if applicable
2. Stock Options/RSUs: Treatment of any share-based compensation, required if employee has equity compensation
3. Non-Compete/Non-Solicitation: Post-employment restrictions, if applicable under Danish law
4. Reference: Terms of employment references to be provided
5. Outplacement Support: Details of any career transition services offered
6. Insurance Continuation: Treatment of any insurance benefits post-termination
7. International Aspects: Special provisions for cross-border employment situations
8. Communications: Agreed announcement of departure to colleagues/clients
9. Pension Arrangements: Special handling of pension benefits if applicable
10. Legal Costs: Coverage of legal fees for agreement review if offered
1. Schedule 1 - Payment Calculation: Detailed breakdown of all payments including salary, severance, and holiday pay
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Benefits Summary: Detailed list of benefits and their treatment post-termination
4. Appendix A - Data Protection Terms: Specific provisions regarding handling of personal data post-employment
5. Appendix B - Reference Letter: Template or agreed form of reference letter if applicable
Authors
Financial Services
Technology
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Healthcare
Professional Services
Education
Transportation
Construction
Energy
Telecommunications
Media and Entertainment
Pharmaceuticals
Real Estate
Hospitality
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Human Resources
Legal
Finance
Executive Leadership
Operations
Information Technology
Sales
Marketing
Research and Development
Customer Service
Administration
Product Development
Business Development
Compliance
Risk Management
Chief Executive Officer
Chief Financial Officer
Managing Director
Department Head
Senior Manager
Project Manager
Sales Director
Technical Lead
Senior Developer
HR Manager
Financial Controller
Operations Manager
Account Manager
Research Scientist
Legal Counsel
Marketing Director
Product Manager
Business Development Manager
Regional Manager
Department Supervisor
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