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Accrual Agreement Vertaling

Finito will pay Mr de Groot an incentive to terminate by mutual agreement 10,000,- 10.- (10,000 euros) gross within one month of the date of the termination of Article 6 if and so far this transaction contract is signed by Mr. de Groot and Finito finally made available on February 15, 2018. Deferred income (also known as deferred income, unearned income or unearned income) is funds received in accrual accounting for goods or services that have not yet been earned. According to the principle of revenue recognition, it is recorded as a liability until delivery and converted into revenue on that date. [1] 1. The parties refrain from making statements to third parties about the content of this agreement and the circumstances that led to the agreement, with the exception of information that must be provided on a legal basis. Mr. de Groot is authorized to provide a copy of this agreement to the UWV (the Dutch Social Security Authority) if he applies for social security. Finito therefore wanted to terminate the employment contract.

At first, Mr. de Groot opposed the resignation, but he sees no other possible solution; – The contracting parties sign this settlement agreement, as mentioned in Article 7:900 and in the Dutch Civil Code, in order to avoid any uncertainty or dispute after consultation and careful consideration. Mr. De Groot received support from De Graauw Legal; 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 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. If the provisions of this agreement are respected, the parties agree to each other full and final discharge and do not confirm any other rights under the employment contract, termination of the employment relationship or in any other way. 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”).



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