Julian PierBeendigungsvereinbarungen in Anstellungsverträgen von GmbH-Geschäftsführern und AG-Vorständen

About this book deutschenglish

The employment relationship of representatives of corporate bodies is located at the legal interface between company law and labour law. Accordingly, in many cases there is a lack of legal norms specifically tailored to this group or there is uncertainty as to the which extent, for example, employee-protective regulations are to be applied accordingly. Therefore, the individual drafting of the employment contract plays a decisive role, especially referring to the termination of the contract.

This work examines various forms of common termination agreements in terms of their legal effectiveness, compatibility with requirements of the law on general terms and conditions and their practical usefulness, before developing and commenting on its own proposal of clauses for contractual practice that comply with these principles, as best as possible.

The work concentrates on three fields of high practical relevance.

Individual contractual protection against dismissal is, if properly drafted, a suitable instrument to convince executives to take on a position in the management board. If structured in a balanced manner, they preserve the core content of the designated managing director's protection against dismissal without at the same time placing the company at an unreasonable disadvantage.

The agreement of clauses, linking the existence of the employment contract to the existence of the position as a member of the executive body, is an important instrument to protect the company from the obligation to pay high severances upon termination of the contract. However, since many common linkage clauses prove to be ineffective or incompatible with the principles of the law on general terms and conditions, this work presents balanced agreements that meet both the economic interests of the company and the need for protection of the board representatives.

Change of control agreements are becoming more and more important, especially for listed companies. Carefully drafted clauses adequately protect the interests of both, board representatives and shareholders in takeover situations and reduce the risk of possible economically damaging conflicts between the managing board and the acquiring investor.

Ihr Werk im Verlag Dr. Kovač

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