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1. Parties: Identification of the employer and employee with full legal names and addresses
2. Background: Context of the employment relationship, including start date and current position
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date when the employment relationship will end
5. Final Salary and Benefits: Details of final salary payment, including pro-rated bonuses and outstanding vacation days
6. Company Property: Requirements for returning company property and documents
7. Confidentiality Obligations: Ongoing obligations regarding confidential information
8. Final Settlement: Confirmation that all claims between parties are settled
9. Reference Letter: Agreement to provide a reference letter (Arbeitszeugnis) as required by German law
10. Severance Payment: Details of any severance payment, including amount and payment date
11. Tax and Social Security: Clarification regarding tax and social security implications
12. Governing Law: Confirmation that the agreement is governed by German law
1. Garden Leave: Terms of garden leave if applicable during notice period
2. Post-contractual Non-compete: Terms of any continuing non-compete obligations and compensation
3. Continuing Benefits: Any benefits that continue post-termination
4. Works Council Approval: Reference to works council approval where required
5. Company Housing: Arrangements regarding company-provided housing if applicable
6. Stock Options/Share Programs: Treatment of existing stock options or share program participation
7. Outplacement Services: Details of any career transition support provided
8. Legal Costs: Agreement on payment of legal advisory costs
1. Schedule 1: Calculation of Final Payment: Detailed breakdown of final salary, bonus, and severance calculations
2. Schedule 2: Company Property List: Inventory of company property to be returned
3. Schedule 3: Benefits Summary: Summary of benefits and their treatment post-termination
4. Appendix A: Reference Letter Draft: Draft of the agreed reference letter content
5. Appendix B: Handover Protocol: Template for documenting the handover of responsibilities and materials
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