Termination agreement

• Job termination
• Termination agreement

A garden leave (Freistellung) is a common practice in which an employee is either revocably or irrevocably released from their work obligations whi...

• Termination agreement

A sprinter clause ("Sprinterklausel" or "Turboklausel") in the termination agreement allows the employee to leave the company prematurely – and als...

• Employment contract
• Termination agreement

A settlement contract (Abwicklungsvertrag) defines the conditions that are important for the termination of the employment relationship after a ter...

• Severance Pay
• Tax on severance pay
• Termination agreement

One-fifth rule for severance pay: If there is a mutual separation between employer and employee by means of a termination agreement, or if the empl...

• Job termination
• Termination agreement

Employees and employers in Germany can terminate an employment relationship without notice by signing a termination agreement. If the employer init...