English translation: extraordinary severance payments
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
Explanation: "Severance arrangements" is a commonly used phrase with regards to board members, directors and senior executives.
Furthermore, "fratrædelsesordninger" are not limited to the financial side of severance - they are much broader; and on top of that, "ordning"="arrangement".
Hope this helps... :-)
In addition, in some cases the employer may condition the severance arrangements upon the executive's entering into a no-compete agreement or other limitations on his future activities.
Our attorneys regularly counsel senior executives in connection with their severance arrangements following a change in control or a corporate downsizing.