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Mutual Agreement On Termination Of Employment
"I need a Mutual Agreement on Termination of Employment for our Senior Software Developer who has agreed to an amicable separation effective March 1, 2025, including provisions for completing current projects and transferring knowledge to their replacement."
1. Parties: Identification of the employer and employee, including full legal names, addresses, and relevant registration/identification numbers
2. Background: Brief context of the employment relationship, including start date, position, and mutual decision to terminate
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date when the employment relationship will end
5. Final Salary and Benefits: Details of final salary payment, including pro-rata payments for unused vacation, bonuses, and other entitlements
6. Severance Payment: Details of any severance payment (Abfertigung) to be made, including calculation method and payment date
7. Mutual Release: Mutual waiver of claims and release of liabilities between parties
8. Confidentiality: Ongoing obligations regarding confidential information
9. References: Agreement on the provision of employment references (Arbeitszeugnis)
10. Governing Law: Confirmation that the agreement is governed by Austrian law
11. Signatures: Execution block for both parties
1. Company Property: Details of company property to be returned, used when employee has company assets
2. Non-Competition: Post-employment competition restrictions, if applicable and agreed
3. Ongoing Projects: Handover arrangements for ongoing projects or responsibilities
4. Garden Leave: Terms of any garden leave period before final termination
5. Special Benefits: Any additional benefits or arrangements specific to the termination
6. Insurance Continuation: Details about continuing insurance coverage, if applicable
7. References Consent: Specific agreements about future employment references and recommendations
8. Tax Implications: Special clauses regarding tax treatment of payments, if needed
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of final payment including salary, vacation pay, and other entitlements
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Benefits Summary: Summary of benefits and their treatment post-termination
4. Appendix A - Handover Protocol: Template or checklist for handover of responsibilities
5. Appendix B - Reference Letter Template: Draft or template of agreed employment reference
Authors
Banking and Financial Services
Information Technology
Manufacturing
Retail
Healthcare
Professional Services
Construction
Education
Hospitality
Telecommunications
Energy
Transportation and Logistics
Media and Entertainment
Real Estate
Public Sector
Human Resources
Legal
Finance
Operations
Administration
Compliance
Employee Relations
Payroll
Risk Management
Corporate Services
Chief Executive Officer
Managing Director
Department Manager
HR Director
HR Manager
Legal Counsel
Finance Director
Operations Manager
Project Manager
Sales Manager
Marketing Manager
Software Developer
Account Manager
Administrative Assistant
Production Supervisor
Research Scientist
Customer Service Representative
Business Analyst
Technical Specialist
Executive Assistant
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