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12 Apr 2021

Settlement Agreement Vertaling

Author: admin | Filed under: Uncategorized

a contractual agreement between the parties to real or potential disputes, whereby each party agrees to settle the underlying dispute, provided that the provisions of this agreement are respected, the parties grant each other full and final discharge and do not confirm other rights under the employment contract, termination of the employment relationship or other means. Finito herein informs Mr. de Groot of the legal cooling-off period giving him the right to terminate his transaction contract within fourteen days of the date of the conclusion of the agreement, without the need to explain why. It can do so by sending a written statement to the employer. Mr. de Groot therefore has the right to revoke his decision to accept this agreement within that time. A periodic final count is made within one month of the termination date. These include the payment of accumulated leave pay, all cumulative days of leave that were not used on the termination date, and the year-end bonus. Finito therefore wanted to terminate the employment contract. At first, Mr. de Groot opposed the resignation, but he sees no other possible solution; Mr.

de Groot is exempt from the non-competition clause of Article 9.1, the non-requirement clause of Article 9.2 and the prohibition of ancillary activities of Article 9.3 of the employment contract. The non-inclusion clause of Article 9.4 and the confidentiality clause of Article 9.5 of the employment contract remain in force. This agreement is governed by Dutch law and is interpreted accordingly, and the Dutch courts have exclusive jurisdiction to adjudicate all disputes under this agreement; Mr. de Groot will receive his usual salary and emoluments until the date of dismissal. Until March 1, 2018, Mr. de Groot will continue to work as usual and will take care of a formal workover. From March 1, 2018 until the termination date, Mr. de Groot is completely exempt from work and the obligation to report in the workplace. During this exemption period, no refunds, travel packages will be due and no new days of leave will be accumulated. All other terms of employment will remain in effect until the termination date if no other agreement is reached in this agreement. 2.

If Mr. de Groot accepts another position before the termination date, but not before 1 March 2018, the employment contract ends by mutual agreement, by derogation from Article 1.1, by derogation from Article 1.1, on the date on which his employment with the new employer begins (the “new termination date”). In this situation, half of the remaining salary, including the leave allowance and the year-end bonus for the period between the new termination date and the termination date of Article 1.1, is added to the severance pay.

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