Non Compete Agreement Severance Package Template for Hong Kong

1. Garden Leave: Terms of any garden leave period, used when immediate separation is not required

2. Return of Property: Provisions for returning company property, included if employee has significant company assets

3. Cooperation: Terms requiring employee cooperation in transition or future legal matters, used for senior positions

4. Benefits Continuation: Details of any continued benefits post-employment, included if offering extended benefits

5. Share Options/Equity: Treatment of outstanding share options or equity, needed if employee has equity compensation

6. References: Terms regarding future employment references, included if agreed as part of the package

7. Legal Fees: Provisions for payment of legal fees, included if employer is covering employee's legal costs

1. Schedule 1 - Severance Calculation: Detailed breakdown of severance package calculation including basic severance, ex-gratia payments, and other components

2. Schedule 2 - Restricted Territory: Detailed description and/or maps of geographical areas covered by non-compete restrictions

3. Schedule 3 - Restricted Clients: List of specific clients covered by non-solicitation provisions, if applicable

4. Schedule 4 - Payment Schedule: Detailed timeline of severance payments and any conditions attached to each payment

5. Appendix A - Confidential Information: Detailed list of types of confidential information covered by the agreement

6. Appendix B - Company Property: Inventory of company property to be returned, if applicable