Aufhebungsvertrag
termination by mutual agreement, separation agreement
noun OWF-hay-bungs-fer-trak Rare
Usage Note
Aufhebungsvertrag is a mutually agreed contract ending employment, often offered instead of dismissal. Signing one can reduce unemployment benefit entitlement, so employees should seek legal advice first.
Examples
"Er schloss einen Aufhebungsvertrag mit seinem Arbeitgeber."
Natural Translation
He concluded a separation agreement with his employer.
Literal Translation
He concluded a termination-agreement with his employer.
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