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1. Date and Addressing: Formal letter heading with date and recipient details
2. Confirmation of Mutual Agreement: Statement confirming both parties agree to separation and outlining the basic terms
3. Last Working Day: Clear statement of employment termination date and notice period arrangements
4. Financial Terms: Details of final salary, benefits, settlement payment, and tax treatment
5. Return of Company Property: List of items to be returned and deadline for return
6. Confidentiality Obligations: Ongoing duties regarding confidential information and company secrets
7. Signature Block: Space for both parties to sign and date the letter
1. Garden Leave: Terms and conditions of garden leave period, if applicable
2. Reference Provision: Agreement on the nature and content of future employment references
3. Post-termination Restrictions: Reminder and confirmation of existing restrictive covenants from employment contract
4. Outplacement Support: Details of any career transition or outplacement support being offered
1. Schedule 1 - Financial Statement: Detailed breakdown of final payment including salary, benefits, and settlement amount
2. Schedule 2 - Company Property Checklist: Itemized list of company property to be returned
3. Schedule 3 - Benefit Summary: Summary of benefit termination dates and any post-employment continuation
4. Appendix A - Tax Treatment Summary: Explanation of tax treatment for various payment elements
Company
Confidential Information
Effective Date
Employee
Final Payment
Last Working Day
Notice Period
Outstanding Benefits
Parties
Release
Settlement Payment
Termination Date
Statutory Obligations
Tax Deductions
Company Property
Garden Leave
Professional Expenses
Reference
Restrictive Covenants
Termination Date
Final Payment
Benefits and Entitlements
Company Property Return
Confidentiality
Non-disparagement
Reference
Tax Treatment
Full and Final Settlement
Continuing Obligations
Restrictive Covenants
Garden Leave
Legal Fees
Waiver of Claims
Acknowledgment
Further Assurance
Severability
Governing Law
Contact Details
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