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Termination Employment Contract
"I need a Termination Employment Contract under Swiss law for a senior executive with stock options, including non-compete provisions and garden leave period until March 2025, with specific clauses about ongoing advisory services after termination."
1. Parties: Identification of the employer and employee with full legal names and addresses
2. Background: Brief context of the employment relationship and mutual agreement to terminate
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Clear statement of the effective date of employment termination
5. Final Salary and Benefits: Details of final salary payment, including pro-rated bonus if applicable
6. Holiday Entitlement: Calculation and settlement of remaining vacation days
7. Company Property: Requirements for return of company property and documents
8. Confidentiality: Ongoing obligations regarding confidential information
9. Full and Final Settlement: Mutual release of claims and waiver of rights
10. Governing Law: Confirmation of Swiss law application and jurisdiction
11. Signatures: Execution blocks for both parties
1. Garden Leave: Used when employee is to remain employed but not work during notice period
2. Non-Competition: Include when post-employment competition restrictions are required
3. Reference Letter: Terms regarding the provision of employment references
4. Outplacement Support: When the employer provides career transition services
5. Insurance Continuation: Details of any post-employment insurance arrangements
6. Stock Options/Shares: Treatment of equity compensation upon termination
7. Handover of Duties: When specific handover procedures are required
8. Press Release/Communications: When public or internal announcement coordination is needed
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including salary, benefits, and deductions
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Outstanding Vacation Calculation: Detailed calculation of vacation pay due
4. Appendix A - Reference Letter Draft: If agreed, the form of reference to be provided
5. Appendix B - Handover Plan: If applicable, detailed plan for transition of responsibilities
Authors
Financial Services
Manufacturing
Technology
Healthcare
Retail
Professional Services
Education
Construction
Hospitality
Telecommunications
Pharmaceutical
Insurance
Real Estate
Energy
Transportation
Media and Entertainment
Human Resources
Legal
Finance
Compliance
Operations
Administration
Employee Relations
Payroll
Risk Management
Chief Executive Officer
Chief Financial Officer
Managing Director
Department Head
Senior Manager
Project Manager
Software Developer
Sales Representative
Administrative Assistant
Human Resources Manager
Financial Analyst
Marketing Manager
Operations Manager
Research Scientist
Legal Counsel
Account Manager
Production Supervisor
Customer Service Representative
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