Employee Settlement And Release Agreement Template for Germany

1. Garden Leave: Terms of garden leave period if applicable - used when employee is placed on paid leave until termination date

2. Post-Contractual Non-Compete: Terms of any continuing non-compete obligations - used when original employment contract contained non-compete provisions

3. Ongoing Projects Handover: Process for transitioning ongoing work - used for senior positions or complex roles

4. Stock Options/Equity: Treatment of outstanding stock options or equity - used when employee has equity-based compensation

5. Pension Arrangements: Special provisions regarding company pension schemes - used when employee has pension benefits

6. Works Council Agreement: Reference to works council involvement - used when works council exists and was involved in negotiation

7. Outplacement Services: Details of any career transition support - used when outplacement services are offered

8. International Assignments: Special provisions for international assignments - used for employees with cross-border responsibilities

1. Schedule 1 - Calculation of Final Payment: Detailed breakdown of final salary, benefits, and severance calculation

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

3. Schedule 3 - Benefits Summary: Detailed summary of treatment of various benefits and entitlements

4. Appendix A - Reference Letter Draft: Agreed form of employment reference letter (Arbeitszeugnis)

5. Appendix B - Data Privacy Notice: Detailed information about post-employment data handling

6. Appendix C - Tax Declaration: Required tax forms and declarations for severance payment