What should be in a settlement agreement (VSO)?
Here you can read why the employer wants to terminate an employment contract with a settlement agreement (also known as a termination agreement). But what should a settlement agreement (or termination agreement) contain?
There should be a number of provisions in a VSO to secure an unemployment benefit, such as that the employee is not culpable and there is no pressing reason. In some situations, it is useful to include that an employee has defended against the employer's initiative. These provisions -and others- are necessary to secure an WW benefit. Entitled to WW benefit with a VSO? Have the document properly checked by an employment lawyer.
It is also important to include a start date and an end date and, of course, a severance payment. In addition to the above provisions, it is always advisable to include a legal budget, with such a budget an audit or negotiation can often be conducted at the employer's expense and the employee himself has no costs, which is nice.
Of course, there are more -substantive- agreements that are important for concluding a good VSO, which is why it is wise to seek (free) advice from an employment lawyer. More information on the settlement agreement can be found at here.
Do you have a settlement agreement received and want to have everything checked to make sure it is correct? Please contact us via WhatsApp, call 085 080 5482 or send a email; our employment lawyer will be happy to talk to you. And provide the answers to all your questions.