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1. Letter Header: Company letterhead, date, and formal address to the employee
2. Subject Line: Clear indication that this is an Early Retirement Agreement (Vorruhestandsvereinbarung)
3. Opening Statement: Reference to previous discussions and confirmation of mutual agreement for early retirement
4. Effective Date: Specific date when the employment relationship will end due to early retirement
5. Financial Terms: Details of any early retirement compensation, severance pay, or special bonuses
6. Pension Information: Confirmation of pension arrangements and any company-specific retirement benefits
7. Outstanding Matters: Treatment of remaining vacation days, working time accounts, and company property
8. Final Settlement: Confirmation that this agreement settles all claims between the parties
9. Signatures: Space for dated signatures of both employer and employee
1. Transitional Duties: Required when there needs to be a handover period or specific tasks to complete before departure
2. Health Insurance Continuation: Include when specific arrangements for post-employment health insurance need to be addressed
3. Non-Competition Clause: Include when the employer wishes to restrict post-retirement employment activities
4. Works Council Approval: Required when works council involvement is necessary under German law
5. Reference Letter: Include when confirming the provision of a final employment reference letter
6. Outplacement Services: Include when the company is offering career transition support
7. Company Benefits Retention: Include when certain company benefits will continue post-retirement
1. Calculation of Final Payment: Detailed breakdown of all financial elements including severance, pro-rated bonuses, and other payments
2. Benefits Summary: Overview of all retirement benefits and their commencement dates
3. Handover Plan: If applicable, timeline and responsibilities for knowledge transfer
4. Company Property Checklist: List of company items to be returned before departure
Early Retirement Period
Company
Employee
Base Salary
Severance Payment
Retirement Benefits
Pension Benefits
Company Pension Scheme
Statutory Pension Insurance
Outstanding Vacation Days
Working Time Account
Company Property
Final Settlement
Reference Letter
Confidential Information
Works Council
Collective Bargaining Agreement
Transitional Period
Social Security Contributions
Bonus Entitlements
Special Retirement Benefits
Health Insurance Coverage
Notice Period
Final Compensation
Financial Settlement
Pension Rights
Benefits
Release of Claims
Confidentiality
Non-Disparagement
Company Property Return
Final Payments
Tax Treatment
Statutory Rights
Social Security
Reference Letter
Continuing Obligations
Non-Competition
Data Protection
Legal Consultation
Works Council Approval
Amendment
Severability
Governing Law
Notice
Entire Agreement
Manufacturing
Financial Services
Technology
Automotive
Chemical Industry
Healthcare
Retail
Energy
Telecommunications
Public Sector
Professional Services
Construction
Transportation
Education
Insurance
Human Resources
Legal
Finance
Payroll
Compliance
Employee Relations
Benefits Administration
Risk Management
Executive Leadership
Labor Relations
Chief Human Resources Officer
HR Director
HR Manager
Employment Lawyer
Legal Counsel
Compensation and Benefits Manager
HR Business Partner
Personnel Administrator
Retirement Benefits Specialist
Employee Relations Manager
Chief Financial Officer
Finance Director
Payroll Manager
Compliance Officer
Risk Manager
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