Document background
The Employee Exit Agreement is a crucial document used in Switzerland when formally concluding an employment relationship, whether through mutual agreement or following a termination notice. It serves as a comprehensive record of all termination terms, ensuring compliance with Swiss employment law, particularly the Swiss Code of Obligations. This document is typically used when parties wish to clearly document the terms of separation, including financial settlements, continuing obligations, and mutual releases. It's especially important in cases involving senior employees, complex compensation arrangements, or when additional settlement terms are negotiated. The agreement helps prevent future disputes by clearly outlining all aspects of the employment termination, including specific Swiss requirements such as reference letters and pension fund arrangements.
