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1. Parties: Identification of the employer and employee with full legal names and addresses
2. Background: Brief description of the employment relationship, including start date, position, and context for the termination
3. Definitions: Key terms used throughout the agreement, including 'Effective Date', 'Severance Payment', and 'Claims'
4. Termination of Employment: Clear statement of the employment termination date and mutual agreement to end the employment relationship
5. Severance Payment: Details of the severance amount, calculation method, payment timing, and tax treatment under German law
6. Release of Claims: Comprehensive release of employment-related claims, specifically tailored to German law requirements
7. Continuing Obligations: Post-employment obligations including confidentiality, return of company property, and any applicable non-compete provisions
8. Social Security and Benefits: Impact on social security benefits, unemployment benefits, and other statutory entitlements
9. Tax Provisions: Tax treatment of the severance payment and related obligations under German tax law
10. Final Provisions: Standard closing provisions including governing law, jurisdiction, and severability clause (salvatorische Klausel)
1. Garden Leave: Include when there is a period of paid leave before the termination date
2. Reference Letter: Terms regarding the provision of a qualified reference letter (qualifiziertes Arbeitszeugnis)
3. Pension Rights: Include if there are company pension arrangements that need to be addressed
4. Stock Options/Benefits: Include if there are outstanding stock options or other benefits to be addressed
5. Works Council Agreement: Reference to works council involvement if applicable
6. Post-contractual Non-compete: Include if there is a post-contractual non-compete agreement with compensation
7. Outplacement Services: Include if the employer is providing career transition assistance
1. Schedule 1: Calculation of Severance Payment: Detailed breakdown of severance payment calculation
2. Schedule 2: Outstanding Benefits: List of any outstanding benefits, vacation days, or other entitlements
3. Schedule 3: Company Property: Itemized list of company property to be returned
4. Appendix A: Resignation Letter: Form of resignation letter to be signed by the employee
5. Appendix B: Reference Letter Draft: Draft of the agreed reference letter if included in the agreement
Banking & Financial Services
Technology
Manufacturing
Professional Services
Healthcare
Retail
Telecommunications
Energy
Automotive
Chemical Industry
Construction
Media & Entertainment
Transportation & Logistics
Real Estate
Education
Human Resources
Legal
Finance
Payroll
Compliance
Executive Leadership
Labor Relations
Chief Executive Officer
Human Resources Director
Legal Counsel
Chief Financial Officer
Department Manager
Senior Executive
Managing Director
Division Head
Regional Manager
Country Manager
Plant Manager
Project Manager
Sales Director
Operations Manager
Technical Director
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