Document background
The Mutual Employment Termination Agreement is a crucial document used in Austrian employment contexts when both employer and employee agree to end their employment relationship by mutual consent. This agreement serves as an alternative to unilateral termination and often provides more flexibility in terms of separation conditions. It must comply with Austrian labor law requirements, including the Austrian Labor Law (Arbeitsrecht) and the Salaried Employees Act (Angestelltengesetz). The document typically includes comprehensive details about financial settlements, notice periods, confidentiality obligations, and mutual releases. It's particularly useful in situations where a clean break is desired, or when parties wish to negotiate terms that differ from standard notice period requirements. The agreement must account for special protections under Austrian law for certain employee categories and may require works council consultation where applicable.
