Document background
The Employee Severance Agreement is a crucial document used in Austrian employment relationships when formally terminating employment through mutual agreement or unilateral termination. It serves as a comprehensive record of all termination conditions, incorporating requirements under Austrian labor law, including the AVRAG and BMSVG. The agreement is particularly important for ensuring compliance with mandatory notice periods, severance pay calculations, and works council consultation requirements where applicable. It typically includes details about final payments, continuing obligations, benefit treatments, and release of claims. This document is essential for risk management and protecting both employer and employee interests by clearly documenting all aspects of the employment termination and preventing future disputes.
