What is a “termination of an employee” contract?

It is a contract that describes how the notice period should take place, which is why clear frameworks must be set for how the period should proceed so that no misunderstandings are created. This is made and signed at the time you, as the employer, choose to end the collaboration between you and the employee. Here, you must remember the different notice periods that have been achieved through their seniority.

Why is it important?

It is important for you as an employer, as you provide a clear framework for the employee on how the notice period should proceed in relation to, for example, taking accrued vacation, how the various schemes are settled and how much the employee is entitled to in severance pay.

Examples of what it may contain:

Who are the parties
Reasons for termination
Settlement of the notice period
Earned vacation
Pension scheme
Bonus scheme
Company car
Free mobile phone and free telephone
2a compensation
Other terms such as loyalty obligation/non-disclosure obligation or destruction of copies of potentially confidential documents about the company.