Consensual termination: when and how?

Consensual termination allows employers and employees to agree on the terms of their separation. While signing a termination agreement is relatively straightforward, reaching an agreement requires careful preparation.

• This video explains the key considerations for employers in Serbia:
  preparing for a possible unilateral termination before opening negotiations, as the employer may need to rely on the underlying grounds for termination if negotiations fail,
• calculating a severance package that would encourage the employee to accept the offer, including a breakdown of the market standard formula and how the circumstances of each case may justify departing from that benchmark,
• checking outstanding entitlements and obligations that continue after termination, such as bonuses and post-termination non-compete obligations, and assessing how they affect negotiations,
• giving employees the opportunity to review the draft agreement and consult their lawyer before signing.