All Countries
Employment
Redundancy Agreement

Redundancy Agreement Template for Austria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Redundancy Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Redundancy Agreement

"I need an Austrian Redundancy Agreement for a senior software developer being made redundant as part of a company restructuring, with a termination date of March 31, 2025, including provisions for stock options and a 3-month garden leave period."

Celebrated by
Collaborations with
Investors
Document background
A Redundancy Agreement is a crucial document used in Austrian employment law when terminating employment relationships due to organizational restructuring, economic conditions, or other business-related reasons. This agreement serves as a formal record of the mutually agreed terms of separation between employer and employee, ensuring compliance with Austrian labor regulations. The document typically includes details about severance payments, notice periods, final settlements, and ongoing obligations of both parties. It must align with various Austrian legislative requirements, including the Labor Constitution Act, Salaried Employees Act, and relevant social security regulations. The Redundancy Agreement is particularly important in Austria due to the country's structured approach to employment termination and the specific legal protections afforded to employees.
Suggested Sections

1. Parties: Identification of the employer and employee, including full legal names, addresses, and relevant registration numbers

2. Background: Context of the redundancy, including reference to any relevant consultation processes or business circumstances

3. Definitions: Definitions of key terms used throughout the agreement

4. Termination Date: Specific date when employment will terminate and last working day if different

5. Payment Provisions: Details of all payments including final salary, severance pay (Abfertigung), and treatment of outstanding benefits

6. Tax Treatment: Clarification of tax handling for all payments under Austrian tax law

7. Company Property: Requirements for return of company property and handling of company information

8. Final Settlement: Confirmation that the agreement represents full and final settlement of all claims

9. Confidentiality: Obligations regarding confidentiality of the agreement and company information

10. Continuing Obligations: Any post-employment restrictions or ongoing obligations

11. Governing Law: Confirmation that the agreement is governed by Austrian law

12. Signatures: Execution section including date and signatures of all parties

Optional Sections

1. Works Council Acknowledgment: Required when a works council exists and has been involved in the redundancy process

2. Garden Leave: Used when the employee will be placed on garden leave during the notice period

3. Reference Letter: Terms regarding the provision of a reference letter (Arbeitszeugnis)

4. Outplacement Support: Details of any career transition or outplacement services being provided

5. Insurance Continuation: Terms for continuation of any insurance benefits post-employment

6. Stock Options/Benefits: Treatment of any outstanding stock options or long-term benefits

7. Legal Fees: Terms regarding payment of legal fees for reviewing the agreement

8. Non-Compete Provisions: Post-employment competition restrictions, if applicable under Austrian law

Suggested Schedules

1. Schedule 1 - Payment Calculation: Detailed breakdown of all payments including severance pay calculation

2. Schedule 2 - Company Property List: Itemized list of company property to be returned

3. Schedule 3 - Benefits Summary: Summary of treatment of various benefits and entitlements

4. Appendix A - Release of Claims: Detailed release of claims under Austrian law

5. Appendix B - Data Privacy Notice: Information about handling of personal data post-employment

6. Appendix C - Reference Letter Draft: Draft of the agreed reference letter, if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Company
Employee
Effective Date
Termination Date
Notice Period
Final Working Day
Severance Payment
Abfertigung
Works Council
Confidential Information
Company Property
Final Settlement
Outstanding Remuneration
Benefits
Reference Letter
Arbeitszeugnis
Garden Leave
Dienstfreistellung
Business Day
Governing Law
Claims
Party/Parties
Group Companies
Professional Secrecy
Post-Contractual Obligations
Release
Social Security Contributions
Tax Deductions
Holiday Entitlement
Bonus Payment
Company Policies
Intellectual Property Rights
Clauses
Termination of Employment
Severance Payment
Final Salary Payment
Company Property Return
Confidentiality
Data Protection
Intellectual Property
Non-Compete
Non-Solicitation
Release of Claims
Tax and Social Security
Reference Letter
Outplacement Support
Holiday Entitlement
Bonus and Commission
Post-Employment Obligations
Works Council Acknowledgment
Final Settlement
Legal Costs
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Notices
Third Party Rights
Garden Leave
Insurance Benefits
Pension Rights
Stock Options
Relevant Industries

Manufacturing

Technology

Financial Services

Retail

Healthcare

Professional Services

Construction

Telecommunications

Energy

Transportation

Education

Hospitality

Media and Entertainment

Real Estate

Agriculture

Relevant Teams

Human Resources

Legal

Employee Relations

Compensation and Benefits

Senior Management

Finance

Compliance

Operations

Administration

Relevant Roles

Human Resources Manager

Legal Counsel

HR Director

Employment Law Specialist

HR Business Partner

Compensation and Benefits Manager

HR Operations Manager

Talent Management Director

Employee Relations Manager

Chief Human Resources Officer

Corporate Lawyer

Managing Director

Chief Executive Officer

Chief Financial Officer

HR Administrator

Industries
Labour Constitution Act (Arbeitsverfassungsgesetz - ArbVG): Regulates collective labor relations, including works council rights and consultation requirements during redundancy processes
Salaried Employees Act (Angestelltengesetz): Defines basic rights and obligations for white-collar employees, including notice periods and termination requirements
General Civil Code (Allgemeines Bürgerliches Gesetzbuch - ABGB): Contains fundamental principles of contract law and employment relationships
Severance Pay Act (Abfertigungsgesetz): Regulates severance payment obligations and calculations ('old' system for employment relationships before 2003)
Corporate Staff and Self-Employment Provision Act (BMSVG): Covers the 'new' severance pay system (Abfertigung Neu) for employment relationships from 2003 onwards
Labour Market Promotion Act (Arbeitsmarktförderungsgesetz): Contains provisions regarding early notification requirements to the Employment Service (AMS) in case of mass redundancies
Equal Treatment Act (Gleichbehandlungsgesetz): Ensures that selection criteria for redundancy are non-discriminatory
General Social Insurance Act (ASVG): Regulates social security matters including unemployment benefits and insurance during and after employment
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Settlement Agreement Ex Gratia Payment

An Austrian law-governed agreement establishing terms for a voluntary (ex gratia) payment and associated releases of claims.

find out more

Accident Settlement Agreement

An Austrian law-governed agreement that settles claims arising from an accident, detailing compensation terms and mutual releases between involved parties.

find out more

Constructive Dismissal Settlement Agreement

An Austrian law-governed agreement settling claims between employer and employee in cases of constructive dismissal, outlining termination terms and mutual obligations.

find out more

Redundancy Agreement

An Austrian legal document that formalizes employment termination through redundancy, outlining severance terms and conditions in compliance with Austrian labor law.

find out more

Contract Settlement Agreement

An Austrian law-governed agreement that documents the formal settlement of disputes between parties, including settlement terms, releases, and obligations.

find out more

Work Settlement Agreement

An Austrian law-governed agreement documenting mutually agreed terms for employment termination, including settlement payments and releases.

find out more

Marriage Settlement Agreement

An Austrian law-governed agreement establishing property division and financial arrangements between spouses, in compliance with the ABGB and Marriage Act.

find out more

Mediation Settlement Agreement

An Austrian law-governed agreement documenting the resolution reached between parties through mediation, including settlement terms and mutual obligations.

find out more

Release Of Claims Settlement Agreement

An Austrian law-governed agreement that formally settles and releases claims between parties, providing a legally binding resolution to disputes.

find out more

General Settlement Agreement

An Austrian law-governed settlement agreement for resolving disputes between parties, incorporating specific requirements under the Austrian Civil Code (ABGB).

find out more

Mutual Dispute Resolution Agreement

An Austrian law-governed agreement establishing a structured framework for resolving commercial disputes through negotiation, mediation, and arbitration.

find out more

Out Of Court Settlement Agreement

An Austrian law-governed agreement documenting the terms of dispute resolution between parties without court intervention.

find out more

Contract Dispute Settlement Agreement

An Austrian law-governed agreement documenting the settlement terms and conditions of a contractual dispute between parties.

find out more

Intercompany Settlement Agreement

An Austrian law-governed agreement establishing terms for settling financial obligations between related companies within a corporate group.

find out more

Financial Settlement Agreement

An Austrian law-governed agreement that formalizes financial settlement terms between parties, including payment obligations and mutual releases.

find out more

Debt Resolution Agreement

An Austrian law-governed agreement establishing terms for debt resolution between creditors and debtors, compliant with ABGB and IO requirements.

find out more

Separation Settlement Agreement

An Austrian law-governed agreement that formalizes separation terms between spouses, including asset division and financial arrangements.

find out more

Business Settlement Agreement

An Austrian law-governed agreement that documents the settlement terms and mutual obligations between business parties to resolve commercial disputes.

find out more

Marital Settlement Agreement

An Austrian legal agreement outlining divorce terms and conditions, including asset division and maintenance arrangements, in compliance with Austrian family law.

find out more

Compromise Agreement

An Austrian law Compromise Agreement (Vergleich) for settling disputes or uncertain legal situations through mutual concessions, governed by the ABGB.

find out more

Amicable Agreement

An Austrian law-governed agreement for formal dispute resolution through mutual consent and compromise, providing a legally binding framework for settling differences outside court.

find out more

Trust Settlement Agreement

An Austrian law agreement establishing a trust-like structure, detailing asset transfer, management terms, and beneficiary rights.

find out more

Commercial Settlement Agreement

An Austrian law-governed agreement that resolves commercial disputes between businesses, outlining settlement terms and mutual obligations.

find out more

Settlement Agreement And Release

An Austrian law-governed agreement that resolves disputes between parties through settlement terms and mutual releases of claims.

find out more

Loan Settlement Agreement

An Austrian law-governed agreement that establishes terms for settling an existing loan obligation, including payment terms and discharge conditions.

find out more

Mutual Release Agreement

An Austrian law-governed Mutual Release Agreement for parties to formally discharge claims and obligations against each other.

find out more

Family Settlement Agreement

An Austrian law-governed agreement that formalizes arrangements between family members regarding assets, properties, and obligations under the Austrian Civil Code (ABGB).

find out more

Mutual Divorce Agreement

An Austrian law-compliant agreement documenting mutual consent divorce terms, including property division, financial settlements, and related arrangements.

find out more

Debt Settlement Agreement

An Austrian law-governed agreement between creditor and debtor establishing terms for settling outstanding debt obligations, structured according to ABGB requirements.

find out more

Arbitration Settlement Agreement

An Austrian law-governed agreement documenting settlement terms and ending arbitration proceedings, with binding effect under Austrian civil law and arbitration regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.