Document background
The Employee Promissory Note is a crucial document used in Swiss employment relationships when an employer provides financial assistance, advances, or loans to employees. It serves to formalize and legally document the debt obligation while ensuring compliance with Swiss employment law and the Swiss Code of Obligations. This document type is commonly used for salary advances, education assistance, relocation expenses, or other employment-related financial arrangements. The Employee Promissory Note includes essential details such as the principal amount, repayment schedule, any applicable interest, and provisions regarding employment termination. It's designed to protect both employer and employee interests while maintaining compliance with Swiss regulatory requirements regarding employment-related financial transactions.
