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Termination Addendum
"I need a Termination Addendum under Dutch law for a mutual separation with a senior software developer, with an agreed termination date of March 1, 2025, including standard confidentiality provisions and treatment of unvested stock options."
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Reference to original employment agreement, current position, and mutual agreement to terminate
3. Definitions: Key terms used in the addendum, including reference to terms from original employment agreement
4. Termination Date: Specific date when employment relationship will end
5. Final Settlement: Details of final salary, holiday pay, and other statutory entitlements
6. Transition Payment: Calculation and payment terms of the statutory transition payment (transitievergoeding)
7. Company Property: Requirements and timeline for returning company property
8. Final Discharge: Mutual release of claims and obligations
9. Confidentiality: Confirmation of ongoing confidentiality obligations
10. Governing Law: Confirmation that Dutch law governs the addendum
11. Counterparts: Provision for execution in counterparts if needed
1. Garden Leave: Terms of garden leave if employee is not required to work during notice period
2. Post-termination Restrictions: Confirmation or modification of existing non-compete/non-solicit provisions
3. Reference: Agreement on the nature and content of employment references
4. Legal Fees: Any contribution to employee's legal fees for reviewing the agreement
5. Communications: Agreed approach to internal/external communications about the termination
6. Ongoing Cooperation: Terms for employee assistance with handover or future inquiries
7. Share Options/Benefits: Treatment of any outstanding share options or benefits
8. Tax Indemnity: Provisions regarding tax treatment of payments
9. Outplacement Support: Details of any career transition support provided
1. Schedule 1 - Calculation of Final Payment: Detailed breakdown of all final payments including salary, holiday pay, bonuses, and transition payment
2. Schedule 2 - Company Property Register: List of all company property to be returned
3. Schedule 3 - Reference Letter: Template or agreed form of reference letter if applicable
4. Appendix A - Original Employment Agreement: Copy of the original employment agreement being terminated
5. Appendix B - Settlement Agreement Checklist: Checklist confirming compliance with Dutch legal requirements for valid termination
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