Document background
A Director Exit Agreement is essential when terminating the relationship between a director and a company in the Netherlands. This document is typically used when a director leaves their position, whether through mutual agreement, resignation, or termination. It addresses the complex dual nature of director relationships under Dutch law, where directors often have both a corporate appointment and an employment agreement. The document must comply with Dutch corporate law (particularly Book 2 of the Dutch Civil Code), employment legislation, and corporate governance requirements. It covers crucial aspects such as severance payments, notice periods, continuing obligations, and release of claims. The agreement is particularly important for ensuring legal compliance, managing transition risks, and protecting both parties' interests. It may require works council consultation and should consider tax implications under Dutch law.
