The Exit Agreement is a critical document used in India when formally terminating an employment relationship, whether through resignation, mutual separation, or retirement. It serves as a comprehensive record of the separation terms, protecting both employer and employee interests. The agreement typically includes details about final settlements, statutory payments, benefits, confidentiality obligations, and post-employment restrictions. An Exit Agreement becomes particularly important in cases involving senior executives, sensitive positions, or complex compensation structures. The document must comply with Indian employment laws, including the Industrial Disputes Act, Payment of Gratuity Act, and various state-specific regulations. It helps prevent future disputes by clearly documenting all aspects of the separation and ensuring all legal requirements are met.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the employer and employee with full legal names and addresses
2. Background: Brief context of employment relationship and reason for separation
3. Definitions: Key terms used throughout the agreement
4. Date of Separation: Clear statement of the effective date of employment termination
5. Final Settlement: Details of all payments including salary, benefits, and statutory dues
6. Release and Waiver: Mutual release from claims and liabilities
7. Confidentiality Obligations: Ongoing obligations regarding company confidential information
8. Company Property: Requirements for return of company assets and documents
9. Post-Employment Restrictions: Non-compete and non-solicitation provisions as applicable under Indian law
10. References: Agreement on how employment references will be handled
11. Governing Law and Jurisdiction: Specification of Indian law and relevant jurisdiction
12. Notices: Process for sending formal communications under the agreement
13. Execution: Signature blocks and execution formalities
1. Equity/Stock Options: Treatment of outstanding equity compensation, applicable for employees with stock options or RSUs
2. International Benefits: Special provisions for expatriate employees or those with international benefits
3. Garden Leave: Provisions for garden leave period, typically used for senior executives
4. Cooperation in Transition: Requirements for knowledge transfer and transition assistance
5. Legal Fees: Provisions for payment of legal fees for agreement review
6. Outplacement Services: Details of any outplacement support being provided
7. Press Release/Communications: Agreed approach to internal and external communications about the exit
8. Dispute Resolution: Specific arbitration or mediation procedures
9. Benefits Continuation: Any continuation of medical or other benefits post-separation
10. Director Resignations: Required for employees who also held director positions
1. Schedule 1 - Final Settlement Calculation: Detailed breakdown of all payment components including statutory dues
2. Schedule 2 - Company Property List: Itemized list of company assets to be returned
3. Schedule 3 - Benefits Summary: Summary of benefits and their treatment post-separation
4. Schedule 4 - Equity Holdings Statement: Statement of outstanding equity compensation and vesting details
5. Appendix A - Statutory Declarations: Required declarations under various Indian labor laws
6. Appendix B - Release Form: Detailed release and waiver form as required by Indian law
7. Appendix C - Handover Checklist: Checklist for completion of exit formalities and handover
Relevant legal definitions
Agreement
Company
Confidential Information
Date of Separation
Effective Date
Employee
Final Settlement
Full and Final Settlement
Gratuity
Group Company
Intellectual Property Rights
Notice Period
Outstanding Dues
Parent Company
Parties
Provident Fund
Release
Restricted Period
Separation Benefits
Severance Pay
Statutory Dues
Terminal Benefits
Territory
Trade Secrets
Unpaid Salary
Working Day
Cause
Company Property
Competing Business
Consideration
Garden Leave
Governing Law
Non-Compete Obligations
Non-Solicitation
Proprietary Information
Resignation Date
Settlement Amount
Subsidiary
Surviving Obligations
Taxation
Termination Date
Transition Period
Waiver
Bonus
Business Day
Compensation
Dispute
Encumbrance
Indemnity
Long Term Incentives
Stock Options
Company
Confidential Information
Date of Separation
Effective Date
Employee
Final Settlement
Full and Final Settlement
Gratuity
Group Company
Intellectual Property Rights
Notice Period
Outstanding Dues
Parent Company
Parties
Provident Fund
Release
Restricted Period
Separation Benefits
Severance Pay
Statutory Dues
Terminal Benefits
Territory
Trade Secrets
Unpaid Salary
Working Day
Cause
Company Property
Competing Business
Consideration
Garden Leave
Governing Law
Non-Compete Obligations
Non-Solicitation
Proprietary Information
Resignation Date
Settlement Amount
Subsidiary
Surviving Obligations
Taxation
Termination Date
Transition Period
Waiver
Bonus
Business Day
Compensation
Dispute
Encumbrance
Indemnity
Long Term Incentives
Stock Options
Clauses
Interpretation
Definitions
Termination of Employment
Final Settlement
Payment Terms
Release and Waiver
Confidentiality
Non-Compete
Non-Solicitation
Return of Property
Intellectual Property Rights
Post-Employment Obligations
References
Taxation
Mutual Release
No Admission of Liability
Severability
Assignment
Entire Agreement
Amendment
Governing Law
Jurisdiction
Dispute Resolution
Force Majeure
Notices
Counterparts
Survival
Third Party Rights
Costs
Indemnification
Company Property
Data Protection
Public Announcements
Statutory Compliance
Benefits Continuation
Garden Leave
Legal Fees
Transition Assistance
Full and Final Settlement
Employee Undertakings
Cooperation
Definitions
Termination of Employment
Final Settlement
Payment Terms
Release and Waiver
Confidentiality
Non-Compete
Non-Solicitation
Return of Property
Intellectual Property Rights
Post-Employment Obligations
References
Taxation
Mutual Release
No Admission of Liability
Severability
Assignment
Entire Agreement
Amendment
Governing Law
Jurisdiction
Dispute Resolution
Force Majeure
Notices
Counterparts
Survival
Third Party Rights
Costs
Indemnification
Company Property
Data Protection
Public Announcements
Statutory Compliance
Benefits Continuation
Garden Leave
Legal Fees
Transition Assistance
Full and Final Settlement
Employee Undertakings
Cooperation
Relevant Industries
Information Technology
Manufacturing
Financial Services
Healthcare
Retail
Telecommunications
Professional Services
Education
Real Estate
Construction
Pharmaceuticals
Energy
Media and Entertainment
Transportation and Logistics
Relevant Teams
Human Resources
Legal
Finance
Compliance
Corporate Secretarial
Operations
Administration
Risk Management
Employee Relations
Payroll
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Director
Senior Manager
Department Head
Project Manager
Software Engineer
Sales Executive
HR Manager
Financial Analyst
Operations Manager
Research Scientist
Marketing Manager
Account Manager
Technical Lead
Administrative Officer
Regional Manager
Product Manager
Business Development Executive
General Manager
Find the exact document you need
Lease Cancellation Deed
An Indian law-compliant deed that formally terminates a lease agreement between landlord and tenant, documenting property surrender and mutual release of obligations.
find out more
Landlord Breaking Tenancy Agreement
Template for landlords to terminate tenancy agreements in India, compliant with Indian property laws and rental regulations.
find out more
Breaking Lease Agreement
An Indian law-compliant agreement documenting the mutual consent to terminate a lease before its original end date, outlining termination terms and settlement conditions.
find out more
Termination And Release Agreement (Real Estate)
An Indian law-compliant agreement for terminating real estate contracts and providing mutual releases between parties, with provisions for settlement and liability discharge.
find out more
Terminating A Franchise Agreement
An Indian law-governed document that formally terminates a franchise agreement, outlining termination terms and post-termination obligations.
find out more
Terminating An Unsigned Contract
A formal document for terminating an unsigned contract under Indian law, addressing mutual releases and ongoing obligations between parties.
find out more
Release Of Contract (Real Estate)
An Indian law-compliant document that formally terminates and releases parties from their obligations under an existing real estate contract.
find out more
Ending An Employment Contract Early
An agreement for early employment termination under Indian law, covering separation terms, settlements, and post-employment obligations.
find out more
Dissolution And Termination Of Joint Venture
An Indian law-governed agreement for the formal dissolution and termination of a joint venture arrangement, addressing asset distribution, liabilities, and post-termination obligations.
find out more
Agreement Cancellation Deed
A formal legal document under Indian law that mutually terminates an existing agreement between parties and settles all related obligations.
find out more
At Will Contract
An India-compliant employment contract template incorporating at-will employment principles while adhering to local labor law requirements.
find out more
Rent Cancellation Agreement
An Indian law-governed agreement that formally terminates a rental arrangement between landlord and tenant, settling all related obligations and liabilities.
find out more
Letter Of Cancellation Of Contract
A formal notice under Indian law to terminate an existing contract, stating the cancellation terms and effective date.
find out more
Termination Of Contract Letter To Employee
A formal document used in India to communicate the termination of employment, outlining key terms and ensuring compliance with Indian labor laws.
find out more
Tenancy At Will Termination
An Indian law-compliant notice document used to formally terminate a tenancy at will arrangement, including termination date and vacation requirements.
find out more
Premature Termination Of Contract
A legally compliant document under Indian law for early termination of contractual relationships, outlining termination terms and mutual obligations.
find out more
Cancellation Of Condominium Contract
An Indian law-compliant agreement for cancelling a condominium purchase contract, addressing termination terms, refunds, and mutual releases.
find out more
Lease Termination
An Indian law-compliant agreement for formally terminating a lease arrangement between landlord and tenant, documenting termination terms and final settlements.
find out more
Cancellation Of Development Agreement
An Indian law-governed agreement that formally terminates an existing Development Agreement between property owners and developers, settling all related obligations and claims.
find out more
Termination Of Development Agreement
An Indian law-governed agreement that formally terminates an existing development agreement, outlining termination terms, settlements, and post-termination obligations.
find out more
Mutual Termination Of Contract In Construction Projects
An agreement for mutual termination of construction contracts under Indian law, covering settlement terms, handover procedures, and mutual releases.
find out more
Buyer Termination Of Contract
An Indian law-compliant document for buyers to formally terminate contracts with suppliers or service providers, specifying termination grounds and next steps.
find out more
Termination Release Agreement
An Indian law-governed agreement that terminates an existing contract and provides mutual releases from future claims.
find out more
Shareholder Exit Agreement
An Indian law-governed agreement establishing terms and procedures for a shareholder's exit from a company, including valuation, payment terms, and compliance requirements.
find out more
Partner Exit Agreement
An Indian law-governed agreement that formalizes a partner's exit from a partnership firm, including financial settlements and transition arrangements.
find out more
Contract Termination Acceptance Letter
A formal document under Indian law acknowledging and accepting the termination of a contract, including termination terms and final arrangements.
find out more
30 Day Lease Termination
A formal 30-day lease termination notice compliant with Indian property law, used to end residential or commercial lease agreements.
find out more
Fixed Term Lease Termination
An Indian law-compliant document that formally terminates a fixed-term lease agreement between landlord and tenant, specifying termination terms and handover arrangements.
find out more
Lease Termination Agreement For Trucking Owner Operator
An Indian law-governed agreement for terminating a lease arrangement between a transportation company and a trucking owner-operator, including settlement terms and equipment return provisions.
find out more
60 Day Lease Termination Letter To Landlord
A formal 60-day notice of lease termination from tenant to landlord under Indian property law, providing essential details and ensuring legal compliance.
find out more
Termination Letter To An Employee
A formal employment termination letter compliant with Indian labor laws, outlining the terms and conditions of employment cessation.
find out more
Lease Termination Agreement Trucking
An Indian law-governed agreement for terminating commercial truck leasing arrangements, addressing vehicle return, financial settlements, and regulatory compliance.
find out more
Truck Lease Termination Letter
An Indian law-compliant formal letter terminating a truck lease agreement, specifying termination terms and handover arrangements.
find out more
Termination Of Contract And Release Of Earnest Money
An Indian law-compliant agreement for mutual contract termination and earnest money release, including settlement terms and mutual releases.
find out more
Release And Cancellation Of Contract
An Indian law-compliant document that formally terminates an existing contract and provides mutual release from obligations while settling all outstanding matters between parties.
find out more
Non Disparagement Agreement After Termination
An Indian law-governed agreement preventing former employees from making disparaging statements about their previous employer after employment termination.
find out more
Lease Termination And Release Agreement
An Indian law-compliant agreement that formally terminates a lease between landlord and tenant, establishing termination terms and mutual release of obligations.
find out more
Cancellation Agreement And Mutual Release
An Indian law-governed agreement that terminates existing contractual relationships and provides mutual releases from future claims between parties.
find out more
Termination Of Sale Agreement
A legal document under Indian law that terminates an existing sale agreement, outlining settlement terms and mutual releases between parties.
find out more
Lease Termination Due To Fire
An Indian law-compliant document that formally terminates a lease agreement following fire damage to the leased property, addressing all related settlements and obligations.
find out more
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)