Vaststellingsovereenkomst
Settlement agreement (vaststellingsovereenkomst)
An agreement to terminate the employment relationship by mutual consent.
A settlement agreement (vaststellingsovereenkomst) (VSO) is an agreement by which the employer and employee mutually agree to terminate the employment relationship. The advantage for the employee is that the right to a WW benefit is retained, provided that the correct notice period is observed and there is no blame attributable to the employee. The employee has a 14-day cooling-off period after signing to revoke the agreement.
“In a settlement agreement (vaststellingsovereenkomst), the employee usually retains the right to WW.”
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