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1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Brief summary of employment history, current position, and reason for termination
3. Definitions: Key terms used throughout the agreement including 'Termination Date', 'Severance Pay', 'Company Property', etc.
4. Termination Date: Clear statement of the effective date of employment termination
5. Final Payment: Details of final salary payment, including regular wages, overtime, and accrued vacation pay
6. Severance Package: Comprehensive details of severance pay, continuation of benefits, and payment schedule
7. Return of Company Property: Requirements and timeline for returning all company property, documents, and materials
8. Confidentiality Obligations: Ongoing obligations regarding confidential information and trade secrets
9. Release of Claims: Mutual release of claims and legal rights between parties
10. Reference and Employment Confirmation: Agreement on how future employment references will be handled
11. Governing Law: Specification of applicable jurisdiction and governing law
12. Acknowledgment: Employee acknowledgment of understanding and voluntary acceptance
13. Execution: Signature blocks and date of agreement
1. Non-Competition: Restrictions on working for competitors, used for senior positions or when employee had access to sensitive information
2. Non-Solicitation: Restrictions on soliciting employees or customers, typically included for sales or management positions
3. Outplacement Services: Details of career transition support services, often included for senior positions or mass layoffs
4. Equity Compensation: Treatment of stock options, RSUs, or other equity-based compensation, needed when employee has such benefits
5. Internal/External Communications: Agreed messaging about the departure, important for senior positions or public-facing roles
6. Continuing Cooperation: Terms for post-employment assistance with transitions or legal matters, useful for key positions
7. Benefits Continuation: Extended health benefits or insurance coverage details, optional based on severance package
8. Personal Items: Process for retrieving personal belongings, relevant for remote terminations or immediate departures
1. Schedule A - Severance Calculation: Detailed breakdown of severance pay calculation including salary, benefits, and other compensation
2. Schedule B - Company Property List: Itemized list of company property to be returned
3. Schedule C - Benefit Continuation Details: Specific details of continued benefits, including coverage periods and terms
4. Schedule D - Outstanding Equity Compensation: List of outstanding stock options, RSUs, or other equity compensation and their treatment
5. Appendix 1 - Release Agreement: Detailed release of claims document
6. Appendix 2 - Confidentiality Provisions: Detailed confidentiality obligations and restrictions
7. Appendix 3 - Reference Letter: Agreed form of reference letter or employment confirmation
Company
Confidential Information
Effective Date
Employee
Employer
Employment Period
Final Pay
Intellectual Property
Notice Period
Parties
Release
Restricted Period
Severance Pay
Severance Period
Termination Date
Company Property
Accrued Obligations
Benefits
Cause
Claims
Competing Business
Consideration
Continuing Obligations
Final Release
Outstanding Payments
Personal Information
Reference Period
Statutory Entitlements
Trade Secrets
Vacation Pay
Working Notice
Severance
Final Payment
Benefits Continuation
Confidentiality
Non-Competition
Non-Solicitation
Return of Property
Release of Claims
Indemnification
Governing Law
Dispute Resolution
Survival
Assignment
Entire Agreement
Amendment
Severability
Notices
Independent Legal Advice
Acknowledgment
Cooperation
References
Tax Treatment
Privacy
Intellectual Property
Company Property
General Release
Waiver
Binding Effect
Further Assurances
Technology
Financial Services
Manufacturing
Retail
Healthcare
Professional Services
Education
Construction
Transportation
Hospitality
Mining
Energy
Telecommunications
Media and Entertainment
Real Estate
Human Resources
Legal
Finance
Executive Leadership
Operations
Administration
Compliance
Risk Management
Chief Executive Officer
Chief Financial Officer
Department Manager
Sales Representative
Software Developer
Administrative Assistant
Project Manager
Human Resources Manager
Operations Director
Marketing Specialist
Financial Analyst
Customer Service Representative
Production Supervisor
Research Scientist
Account Executive
Regional Manager
Technical Support Specialist
Business Development Manager
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