The Termination Waiver Agreement is a crucial document used in Canadian employment law contexts when an employer and employee agree to formally end their employment relationship. This agreement is typically used during voluntary departures, layoffs, or negotiated exits, providing both parties with legal certainty and protection. It details the specific terms of the separation, including severance payments, benefits continuation, and releases of claims, while ensuring compliance with both federal and provincial employment standards. The document must carefully balance the employer's desire for finality with the employee's rights under Canadian law, including non-waivable statutory and human rights protections. Given the complexity of Canadian employment law and the varying requirements across provinces, the agreement must be carefully drafted to ensure enforceability and comprehensive coverage of all relevant terms.

1. Parties: Identification of the employer and employee, including legal names and addresses

2. Background: Context of employment relationship, termination circumstances, and purpose of the agreement

3. Definitions: Key terms used throughout the agreement, including 'Effective Date', 'Released Claims', and 'Consideration'

4. Termination Date: Clear statement of when employment relationship ends

5. Consideration: Details of payments or benefits provided in exchange for the waiver

6. Release and Waiver: Comprehensive release of claims against employer and related entities

7. Exceptions to Release: Statement of non-waivable rights and claims excluded from the release

8. Return of Company Property: Requirements for returning company assets and documents

9. Confidentiality: Ongoing obligations regarding confidential information

10. Non-Disparagement: Mutual agreements regarding non-disparagement

11. Independent Legal Advice: Acknowledgment of opportunity to seek independent legal counsel

12. Governing Law: Specification of applicable Canadian jurisdiction

13. Entire Agreement: Integration clause confirming complete agreement

14. Execution: Signature blocks and date