Document background
The Employment Termination Agreement is a crucial document used in Austrian employment law when both employer and employee mutually agree to end their employment relationship. This document is particularly important as it provides legal certainty for both parties and helps prevent future disputes by clearly documenting all termination conditions. The agreement must comply with Austrian labor laws and includes essential elements such as final settlements, benefit arrangements, and ongoing obligations. It's commonly used in situations where a clean break is desired, during corporate restructuring, or when agreeing on special termination terms. The document must consider specific Austrian legal requirements regarding notice periods, severance payments, and special protections for certain employee categories. It serves as a comprehensive record of the termination arrangements and mutual releases between the parties.
