Document background
An Exit Agreement is essential when formally documenting the termination of employment relationships under Swiss law. This document type is typically used in both mutual separation scenarios and in cases where employment is terminated by either party, particularly for senior employees or in sensitive termination situations. The Exit Agreement comprehensively addresses all aspects of the employment termination, including financial settlements, benefit arrangements, continuing obligations, and release of claims, while ensuring compliance with Swiss employment law requirements, particularly those under the Swiss Code of Obligations. It provides legal certainty for both parties and helps prevent future disputes by clearly documenting all agreed terms. The agreement is particularly important in Switzerland due to the specific requirements regarding employment termination, social security, and pension arrangements under Swiss law.
