Document background
A Voluntary Severance Agreement is used in the Netherlands when an employer and employee mutually agree to terminate their employment relationship under agreed terms. This document is particularly relevant in situations of organizational restructuring, career changes, or when both parties seek an amicable separation. The agreement must comply with Dutch employment law, including the Dutch Civil Code and Work and Security Act, and typically includes provisions for financial compensation, benefit arrangements, and post-employment obligations. It serves as a legally binding document that protects both parties' interests while ensuring compliance with Dutch legal requirements regarding employment termination, tax implications, and social security considerations. The agreement is crucial for documenting the voluntary nature of the separation and preventing future disputes.
