Document background
The Termination Agreement Form is a crucial document used in Austrian employment relationships when both employer and employee agree to end the employment contract by mutual consent. This approach differs from unilateral termination and offers more flexibility in setting termination terms while ensuring compliance with Austrian employment law. The document is particularly useful when parties wish to negotiate terms beyond statutory minimums or need to address specific circumstances of the termination. It typically includes provisions for final payments, benefit arrangements, confidentiality obligations, and release of claims. The agreement must comply with Austrian labor laws, including the ABGB, Labor Constitutional Act, and where applicable, industry-specific collective agreements. For larger organizations, works council consultation may be required before finalizing the agreement.
