“…the Seller warrants that no key employee is subject to any non-compete restriction that would prevent continued employment following completion of the Andersen transaction. The Purchaser shall have the right to require execution of new non-compete agreements as a condition to closing…”

“…CTO Lars Petersen's current contract does not include a non-compete clause. Recommend negotiating standard 12-month non-compete restriction with appropriate geographic scope prior to Andersen closing…”

“…we note that the non-compete provisions in the senior management contracts for Andersen Holding require further review before we can confirm compliance with the agreed warranty package…”

“…Section 4.3: Employment Restrictions. The absence of non-compete clauses for three named executives represents a material risk to buyer. Andersen management has indicated willingness to negotiate amendments…”

“…this template non-compete agreement is adapted for use in the Andersen transaction and complies with Danish Employment Contract Act §36. Duration: 12 months. Geographic scope: Nordic region…”

“…Danish courts have generally upheld non-compete clauses of up to 12 months where adequate compensation is provided. For the Andersen executives, we recommend a compensation package equal to 50% of base salary…”

“…the Board discussed the outstanding non-compete issue in connection with the Andersen acquisition. It was resolved that management be authorized to offer enhanced terms to secure non-compete agreements from key personnel…”

“…CFO Henrik Nielsen confirmed that Andersen would support the inclusion of non-compete clauses provided the compensation terms are commercially reasonable. He flagged that the CTO may require separate negotiation…”