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The Agreement For Employee Bond is a crucial document used in Austrian employment relationships where significant training investments are made by employers. This agreement becomes necessary when companies invest in employee development through expensive training programs, professional certifications, or specialized skills development. Under Austrian law, particularly Section 2d of the Employment Contract Law Adaptation Act, such agreements must include specific provisions about the training costs, a maximum repayment period of 4-8 years (depending on the type of training), and a declining scale for repayment. The document protects the employer's training investment while ensuring fair terms for the employee, in compliance with Austrian labor laws and constitutional rights regarding freedom of employment. It is particularly relevant when the training costs exceed typical on-job training expenses and provide qualifications that are valuable in the broader job market.

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

2. Background: Context of the agreement, including the employment relationship and purpose of the training investment

3. Definitions: Key terms used in the agreement, including 'Training Costs', 'Bond Period', and 'Qualifying Termination'

4. Training Details: Specific description of the training program, duration, and qualifications to be obtained

5. Training Costs: Detailed breakdown of the training costs covered by the employer

6. Bond Period: Duration of the bond period and the employee's obligations during this time

7. Repayment Terms: Structure and calculation of repayment amounts, including the declining scale as per Austrian law

8. Termination Provisions: Circumstances under which the bond becomes payable or void

9. Employee Obligations: Specific commitments and performance requirements during and after training

10. Employer Obligations: Employer's commitments regarding training delivery and support

11. General Provisions: Standard clauses including governing law, jurisdiction, and entire agreement

12. Signatures: Execution blocks for both parties