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Managerial Agreement Template for Denmark

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Key Requirements PROMPT example:

Managerial Agreement

I need a Managerial Agreement under Danish law for a new Chief Technology Officer position at our Copenhagen-based software company, including provisions for hybrid working arrangements and stock options, with the role starting March 1, 2025.

What is a Managerial Agreement?

The Managerial Agreement is essential for establishing clear terms of employment for senior personnel in organizations operating under Danish jurisdiction. This document type is specifically designed for management-level appointments, incorporating mandatory requirements under Danish employment law while addressing the unique aspects of executive employment relationships. It serves as a crucial tool for organizations looking to formalize management positions, ensuring compliance with the Danish Salaried Employees Act, Danish Contracts Act, and other relevant legislation. The agreement typically includes comprehensive provisions on executive compensation, performance expectations, strategic responsibilities, and protection of company interests through confidentiality and post-employment restrictions. It's particularly important when appointing new managers or promoting existing employees to management positions, as it clearly defines the enhanced responsibilities and benefits associated with the role.

What sections should be included in a Managerial Agreement?

1. Parties: Identification of the employer company and the manager, including full legal names and addresses

2. Background: Brief context of the appointment and any relevant company background

3. Definitions: Key terms used throughout the agreement

4. Position and Duties: Job title, role description, responsibilities, and reporting relationships

5. Commencement and Duration: Start date and term of employment (if fixed-term)

6. Place of Work: Primary workplace location and any flexibility arrangements

7. Working Hours: Expected working hours and flexibility requirements, noting exemption from standard working hour regulations

8. Remuneration: Base salary, payment intervals, and review mechanisms

9. Benefits: Standard benefits package including pension, insurance, and other perks

10. Bonus and Incentives: Performance-based compensation structures and criteria

11. Expenses: Policy on business expenses and reimbursement

12. Holiday Entitlement: Annual leave allowance and holiday pay arrangements

13. Illness and Absence: Procedures for reporting absence and sick pay entitlements

14. Confidentiality: Obligations regarding company confidential information

15. Intellectual Property: Ownership and rights to work-related intellectual property

16. Termination: Notice periods and grounds for termination

17. Garden Leave: Company's right to place manager on garden leave

18. Data Protection: GDPR compliance and personal data processing

19. Governing Law: Specification of Danish law as governing law

20. Entire Agreement: Integration clause confirming the agreement supersedes prior arrangements

What sections are optional to include in a Managerial Agreement?

1. Non-Competition: Restrictions on working for competitors, used when manager has access to sensitive business information

2. Non-Solicitation: Restrictions on approaching clients/employees, used when manager has significant client/employee relationships

3. Share Options: Terms of any share option scheme, included when offering equity-based compensation

4. Relocation: Terms related to relocation support, used when manager is moving from another location

5. International Travel: Specific provisions for international duties, used when role requires significant travel

6. Company Car: Terms related to company vehicle provision, used when offering car as benefit

7. Board Positions: Terms relating to board memberships, used for senior executives with board responsibilities

8. Training and Development: Specific provisions for executive education or development programs

9. Subsidiary Responsibilities: Additional duties related to group companies, used in complex corporate structures

What schedules should be included in a Managerial Agreement?

1. Schedule 1 - Bonus Scheme Rules: Detailed terms and calculations for performance-based compensation

2. Schedule 2 - Share Option Terms: Detailed terms of any share option or equity participation scheme

3. Schedule 3 - Benefits Package: Detailed description of all benefits and their terms

4. Schedule 4 - Job Description: Detailed outline of responsibilities and performance expectations

5. Schedule 5 - Company Policies: Key company policies applicable to the manager

6. Appendix A - Personal Data Processing: Detailed information about personal data handling under GDPR

7. Appendix B - Company Car Policy: Specific terms and conditions for company car usage if applicable

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








































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Relevant Industries

Technology

Manufacturing

Financial Services

Healthcare

Retail

Professional Services

Energy

Transportation

Construction

Education

Telecommunications

Real Estate

Media and Entertainment

Pharmaceutical

Consumer Goods

Relevant Teams

Human Resources

Legal

Executive Leadership

Board Secretariat

Compliance

Corporate Governance

Operations

Finance

Administration

Relevant Roles

Chief Executive Officer

Managing Director

Department Head

Division Director

Regional Manager

Country Manager

Vice President

Senior Vice President

Chief Financial Officer

Chief Operating Officer

Chief Technology Officer

Head of Operations

Head of Sales

Head of Marketing

General Manager

Branch Manager

Project Director

Program Manager

Business Unit Manager

Commercial Director

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

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