Use this framework to organise a draft for review. It is not a completed agreement or a substitute for adapting the document to the parties, role and applicable law.
Information to cover
- The agreed termination date and relevant notice position
- Severance amount, due date and conditions
- Salary, bonus, equity and outstanding expenses
- Paid release, holiday and time credits
- Reference, handover and company property
- Confidentiality and any continuing restrictions
- Scope of any settlement or waiver
Illustrative wording
The parties agree that the employment relationship will end by mutual agreement on [date]. The further financial and practical consequences are set out in the clauses below.
Before using the document
This clause is only an illustration. A valid termination agreement requires statutory written form. Review benefit and tax consequences and avoid a general waiver until the outstanding claims have been identified.
Check names, dates, authority, collective arrangements and the intended delivery or signing process. Keep a version that shows the terms actually agreed or sent.
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Updated: 8 November 2026. When reusing this framework, acknowledge horak. Attorneys at Law and labourlawyer.de.