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Termination Employment Contract Template for Switzerland

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Key Requirements PROMPT example:

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."

Document background
The Termination Employment Contract is a crucial document used in Switzerland when formally ending an employment relationship, whether by mutual agreement or unilateral decision. It serves as the definitive record of separation terms, incorporating requirements from the Swiss Code of Obligations and relevant employment laws. This document is essential for properly documenting the termination process, final compensation arrangements, ongoing obligations, and mutual releases. It helps prevent future disputes by clearly outlining all termination conditions, including notice periods, final payments, benefit treatments, and post-employment obligations. The agreement should be customized based on the employee's position, length of service, and specific circumstances of the termination while maintaining compliance with Swiss employment law requirements.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Human Resources

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Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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