Document background
The Work Separation Agreement is a crucial document used in Switzerland when formally ending an employment relationship, whether through mutual agreement or unilateral termination. It serves to document all aspects of the employment separation, including financial settlements, ongoing obligations, and release of claims, while ensuring compliance with Swiss employment law. This agreement is particularly important for managing risk and providing clarity for both parties, as it addresses key elements required under the Swiss Code of Obligations such as final compensation, benefit arrangements, and post-employment obligations. The document is typically used when there's a need to clearly document the terms of separation, especially in situations involving senior employees, complex compensation arrangements, or where there's a desire to prevent future disputes. The agreement must carefully balance the requirements of Swiss employment law with the practical needs of both employer and employee.
