An Employment Settlement Agreement is used in Hong Kong when an employer and employee agree to resolve employment-related disputes or terminate their employment relationship on mutually agreed terms. This document is particularly relevant in situations involving senior executives, sensitive departures, or potential employment disputes. It provides legal certainty by documenting the settlement terms, including financial compensation, confidentiality requirements, and mutual releases of claims. The agreement must comply with Hong Kong employment law, including the Employment Ordinance and various anti-discrimination ordinances. It serves as a crucial risk management tool for employers while providing clarity and closure for employees. The document typically requires independent legal advice for the employee to ensure enforceability under Hong Kong law.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the employer and employee who are parties to the settlement agreement
2. Background: Sets out the context of the employment relationship, including start date, role, and circumstances leading to the settlement
3. Definitions: Defines key terms used throughout the agreement
4. Settlement Sum: Details the amount to be paid and payment terms
5. Tax Treatment: Specifies the tax handling of the settlement payment
6. Waiver of Claims: Employee's waiver of all employment-related claims against the employer
7. Company Property: Requirements for return of company property
8. Confidentiality: Obligations to keep the settlement terms and company information confidential
9. Reference: Terms regarding the provision of employment references
10. Full and Final Settlement: Confirmation that this represents a full and final settlement of all claims
11. Governing Law: Specifies Hong Kong law as governing law
12. Execution: Signature blocks and execution requirements
1. Post-Settlement Obligations: Include when there are ongoing obligations such as non-compete or non-solicitation requirements
2. Legal Advice: Include when the employee has received independent legal advice on the agreement
3. Specific Claims Settlement: Include when settling specific claims like discrimination or injury
4. Mutual Non-Disparagement: Include when parties agree not to make negative statements about each other
5. Announcement: Include when parties agree on how the departure will be communicated
6. Garden Leave: Include when there is a garden leave period before final termination
7. Share Options/Benefits: Include when dealing with existing share options or benefits
8. Assistance with Proceedings: Include when employee agrees to assist with ongoing legal proceedings
9. Insurance: Include when addressing ongoing insurance coverage
10. MPF/Pension Arrangements: Include when specific pension arrangements need to be addressed
1. Schedule 1 - Payment Breakdown: Detailed breakdown of settlement sum components
2. Schedule 2 - Claims Being Settled: Comprehensive list of specific claims being settled
3. Schedule 3 - Company Property: List of company property to be returned
4. Schedule 4 - Confidential Information: Detailed description of what constitutes confidential information
5. Schedule 5 - Agreed Reference: Form of agreed employment reference
6. Appendix A - Legal Advice Certificate: Certificate from legal advisor confirming independent advice given
7. Appendix B - Resignation Letter: Form of resignation letter to be signed
8. Appendix C - Benefit Details: Details of any benefits, share options, or insurance arrangements
Find the exact document you need
SOW Addendum
A Hong Kong law-governed document that modifies or supplements an existing Statement of Work, updating key terms while maintaining the original agreement's framework.
Download
Employment Compromise Agreement
A Hong Kong law-governed agreement documenting employment separation terms and mutual settlement between employer and employee.
Download
Construction Site Risk Assessment
A comprehensive construction site risk assessment document aligned with Hong Kong safety regulations and construction industry requirements.
Download
SOW For Software Development
A Hong Kong law-governed contract defining the scope, deliverables, and terms for software development services between a service provider and client.
Download
SOW Amendment
A Hong Kong law-governed document that formally modifies an existing Statement of Work, detailing changes to scope, deliverables, or terms.
Download
SOW
A Hong Kong-governed Statement of Work defining specific project deliverables, timelines, and commercial terms between contracting parties.
Download
Scope Of Work
A Hong Kong law-governed document that defines the specific work, deliverables, and performance standards for a project or service engagement.
Download
Software Sales Contract
A Hong Kong law-governed agreement for software sales and licensing, defining terms between vendor and purchaser.
Download
Employment Confidentiality Agreement
Hong Kong-governed agreement establishing employee confidentiality obligations and protecting company's confidential information.
Download
Sourcing Fee Agreement
A Hong Kong law-governed agreement setting out terms and fee arrangements for sourcing services between a sourcing agent and client company.
Download
Scholarship Recommendation Letter From Friend
A formal personal recommendation letter used in Hong Kong's educational system to support scholarship applications by providing character references and personal insights about the candidate from a friend's perspective.
Download
Consulting Referral Fee Agreement
A Hong Kong law-governed agreement establishing terms and conditions for referral fee arrangements between consulting or professional service providers.
Download
Website Privacy Notice
A legal document required under Hong Kong's PDPO that explains how a website collects and handles personal data of its users.
Download
Consulting Services Agreement
A Hong Kong law-governed agreement setting out terms and conditions for the provision of consulting services, including scope, payment, and key obligations of both parties.
Download
Statement Of Work Contract
A Hong Kong law-governed contract defining specific project deliverables, timelines, and payment terms between service provider and client.
Download
Employment Settlement Agreement
A Hong Kong-governed agreement that documents the mutually agreed terms for settling and terminating an employment relationship.
Download
Master Service Agreement
A Hong Kong law-governed framework agreement establishing general terms for ongoing service provision between a service provider and customer.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)