Labour Bank Guarantee Template for Germany

1. Counter-Indemnity: Terms under which the employer must reimburse the bank, included when required by bank policy

2. Assignment Restrictions: Provisions restricting the transfer or assignment of rights under the guarantee, included when assignability needs to be limited

3. Multiple Beneficiaries: Additional provisions for cases where multiple employees are covered by the same guarantee

4. Currency Provisions: Specific provisions for guarantees involving foreign currency, included for international employment relationships

5. Force Majeure: Provisions dealing with extraordinary circumstances, included when specifically requested by parties

1. Schedule 1 - Form of Demand: Template for making a valid claim under the guarantee

2. Schedule 2 - Employment Contract Reference: Details of the underlying employment contract covered by the guarantee

3. Schedule 3 - Authorized Signatories: List of persons authorized to make claims under the guarantee

4. Appendix A - Calculation of Guaranteed Amount: Detailed breakdown of how the guaranteed amount is calculated

5. Appendix B - Bank's Standard Terms: Standard terms and conditions of the guarantor bank applicable to the guarantee