The Termination Settlement Agreement is a crucial document used in Switzerland when an employer and employee agree to end their employment relationship by mutual consent, rather than through unilateral termination. This document is particularly important in situations involving senior executives, sensitive departures, or where parties wish to avoid potential disputes. The agreement must comply with Swiss employment law, particularly the Swiss Code of Obligations, and typically includes provisions for final payments, treatment of benefits, confidentiality obligations, and mutual releases. It serves to provide legal certainty for both parties and helps prevent future disputes by clearly documenting all aspects of the separation. The document is especially relevant when additional settlement payments are being made or when specific post-employment obligations need to be documented.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
Alternatively...
1. Parties: Identification of the employer and employee with full legal names and addresses
2. Background: Brief history of employment relationship, reference to employment contract, and reason for termination agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Clear statement of when employment relationship ends and last working day
5. Final Salary and Benefits: Details of final regular salary payment, pro-rated 13th month salary if applicable, and treatment of benefits
6. Settlement Payment: Amount, timing and method of any additional payment as part of the settlement
7. Holiday Entitlement: Treatment of accrued but unused holiday days and any compensation thereof
8. Company Property: Requirements and timeline for return of all company property
9. Confidentiality: Ongoing obligations regarding confidential information
10. Full and Final Settlement: Mutual waiver of claims, subject to mandatory provisions of Swiss law
11. References: Agreement on the content and format of employment references as required by Swiss law
12. Tax and Social Security: Responsibility for tax and social security contributions
13. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
14. Execution: Signature blocks and date of agreement
1. Non-Competition: Post-employment restrictions on competing activities, if applicable and agreed
2. Non-Solicitation: Restrictions on soliciting employees or customers, if applicable
3. Equity/Stock Options: Treatment of any equity-based compensation, required if employee has such benefits
4. Insurance Continuation: Details about post-employment insurance arrangements, particularly relevant for senior executives
5. Garden Leave: Terms of any garden leave period before final termination date
6. Outplacement Support: Details of any career transition services provided
7. Press Announcement: Agreed communication regarding the departure, typically for senior positions
8. Handover: Specific requirements for handover of responsibilities and projects
9. Legal Fees: Any agreement regarding payment of legal fees for reviewing the agreement
1. Schedule 1 - Settlement Calculation: Detailed breakdown of all payments including salary, settlement amount, and deductions
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Reference Letter: Agreed form of employment reference letter
4. Schedule 4 - Benefits Summary: Detailed list of benefits and their treatment post-termination
5. Schedule 5 - Communication Plan: Agreed internal and external communications regarding the departure
6. Appendix A - Original Employment Contract: Copy of the original employment contract for reference
7. Appendix B - Handover Plan: Detailed plan for handover of responsibilities, if applicable
Authors
Find the document you need
Business Contract Termination Letter
A formal letter under Swiss law used to terminate a business contract, ensuring compliance with Swiss legal requirements while maintaining professional business relationships.
Download
Contract Termination For Convenience
A Swiss law-governed document enabling contractual parties to terminate their agreement through mutual consent, outlining termination terms and post-termination obligations.
Download
Lease Cancellation Letter
A legally compliant Swiss document for formally terminating a lease agreement, adhering to federal and cantonal requirements.
Download
Termination Letter To An Employee
A Swiss-law compliant employment termination letter outlining the formal end of an employment relationship, including notice period and final arrangements.
Download
Contract Cancellation Agreement
A Swiss law-governed agreement documenting the mutual termination of an existing contract, including settlement terms and releases.
Download
Termination Settlement Agreement
A Swiss law agreement documenting mutually agreed employment termination terms, including settlements, obligations, and releases under Swiss employment law.
Download
Termination Of Employment Contract
A Swiss law-governed agreement that formally documents the termination of employment, outlining separation terms and mutual obligations.
Download
Early Termination Of Lease Agreement
Swiss law-compliant agreement for early termination of a lease, outlining termination terms and mutual obligations under the Swiss Code of Obligations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your data is private:
We do not train on your data; ұԾ’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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
