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The Employment Promissory Note is a specialized financial instrument used in Swiss employment relationships when an employee needs to formalize a financial obligation to their employer. Common scenarios include receiving salary advances, agreeing to training cost reimbursement terms, or structuring repayment of other employment-related expenses. The document must comply with both Swiss employment law and financial regulations, particularly the Swiss Code of Obligations. An Employment Promissory Note typically includes specific payment terms, interest rates (if applicable), default provisions, and enforcement mechanisms. It provides legal security for the employer while ensuring the employee's rights are protected under Swiss employment law. The document is particularly valuable in situations where significant funds are advanced or when there's a need to formalize repayment terms within the employment relationship.

1. Parties: Identification of the employer (promissee) and employee (promisor), including full legal names, addresses, and any relevant identification numbers

2. Background: Context of the promissory note, including reference to the employment relationship and circumstances leading to its creation

3. Definitions: Key terms used in the document, including payment-related terms and employment-specific definitions

4. Promise to Pay: Clear statement of the unconditional promise to pay, including the exact amount and currency

5. Payment Terms: Detailed payment schedule, including dates, installment amounts, and method of payment

6. Interest Rate: Specification of any applicable interest rate, calculation method, and payment periods

7. Security: Details of any security or collateral provided against the promised amount

8. Default Provisions: Consequences of default, including acceleration clauses and enforcement procedures

9. Employment Connection: Explanation of how the promissory note relates to the employment relationship

10. Governing Law: Explicit statement that Swiss law governs the promissory note

11. Signatures: Formal execution section with date and signatures of all parties