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Employee Deed Of Release Template for Netherlands

A Dutch Employee Deed of Release (vaststellingsovereenkomst) is a formal legal document used in the Netherlands to mutually terminate an employment relationship between an employer and employee. This document outlines the terms and conditions of the employment termination, including financial settlements, confidentiality obligations, and post-employment restrictions. Governed by Dutch employment law, particularly the Dutch Civil Code (Burgerlijk Wetboek), it provides legal certainty to both parties by clearly documenting their agreements regarding the termination and preventing future disputes. The deed typically includes provisions for final payments, treatment of benefits, return of company property, and any ongoing obligations.

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What is a Employee Deed Of Release?

The Employee Deed of Release is a crucial document in Dutch employment law, used when an employer and employee agree to terminate their employment relationship by mutual consent. This document, known in Dutch as a vaststellingsovereenkomst, serves as a comprehensive settlement agreement that protects both parties' interests while ensuring compliance with Dutch legal requirements. The deed is particularly important as it helps avoid potential disputes by clearly documenting all aspects of the termination, including financial settlements, ongoing obligations, and release of claims. It is commonly used in situations involving redundancy, reorganization, performance issues, or mutual agreement to part ways. The document must comply with Dutch employment law requirements, including mandatory consideration periods and specific provisions regarding unemployment benefits. A properly drafted Employee Deed of Release provides legal certainty and a clean break while ensuring all statutory obligations are met.

What sections should be included in a Employee Deed Of Release?

1. Parties: Identification of the employer and employee, including full legal names and addresses

2. Background: Context of the employment relationship, including start date, position, and reason for termination

3. Definitions: Key terms used throughout the agreement

4. Termination Date: Specific date when employment relationship ends and final working day

5. Financial Settlement: Details of all financial elements including final salary, holiday pay, and severance payment

6. Tax Treatment: Specification of tax handling for various payments

7. Company Property: Requirements for return of company property and timeline

8. Final Settlement Declaration: Statement that this agreement represents full and final settlement of all claims

9. Confidentiality: Obligations regarding confidential information post-employment

10. Reference and Communications: Agreement on employment references and internal/external communications about departure

11. Execution: Signature blocks and date of agreement

What sections are optional to include in a Employee Deed Of Release?

1. Non-Competition and Non-Solicitation: Post-employment restrictions on working for competitors or soliciting employees/clients, if applicable

2. Intellectual Property: Provisions regarding ownership and transfer of IP created during employment

3. Share Options/Benefits: Treatment of outstanding share options or other benefits, if applicable

4. Legal Fees: Agreement on payment of legal fees for reviewing the deed

5. Garden Leave: Terms of any garden leave period before final termination

6. Outplacement Support: Details of any career transition support provided

7. Ongoing Cooperation: Requirements for employee assistance post-termination for specific matters

8. Social Media: Agreements regarding professional social media accounts and connections

What schedules should be included in a Employee Deed Of Release?

1. Schedule 1 - Payment Calculation: Detailed breakdown of all financial payments including salary, bonuses, and severance

2. Schedule 2 - Company Property List: Itemized list of company property to be returned

3. Schedule 3 - Benefits Summary: Summary of treatment of various benefits and insurances

4. Appendix A - Reference Letter: Agreed form of employment reference

5. Appendix B - Communication Template: Agreed announcement text for internal/external communications

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Netherlands

Publisher

Genie AI

Document Type

Release Deed

Cost

Free to use

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