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1. Parties: Identification of the employer and employee, including their legal names, addresses, and designations
2. Background: Brief history of employment relationship, circumstances leading to settlement, and reference to any ongoing disputes or claims
3. Definitions: Key terms used in the agreement including 'Settlement Amount', 'Effective Date', 'Claims', etc.
4. Settlement Terms: Core settlement provisions including amount, payment method, and timeline
5. Release and Discharge: Mutual release of claims and obligations between parties
6. Tax Implications: Clarity on tax treatment of settlement amount and responsibilities for tax payments
7. Confidentiality: Obligations regarding confidentiality of settlement terms and company information
8. No Admission of Liability: Statement that settlement does not constitute admission of wrongdoing by either party
9. Full and Final Settlement: Confirmation that this represents complete settlement of all claims
10. Governing Law and Jurisdiction: Specification of Indian law as governing law and relevant jurisdiction for disputes
11. Counterparts and Execution: Provisions for signing and executing the agreement
1. Non-Disparagement: Mutual obligations not to make negative statements about each other, used in sensitive separations
2. Reference Letter: Terms regarding provision of employment reference, included when agreed as part of settlement
3. Return of Company Property: Provisions for returning company assets, used when employee has company property
4. Post-Settlement Obligations: Ongoing obligations like non-compete or non-solicitation, used when required by business needs
5. Medical Benefits Continuation: Terms for extending medical benefits, included when part of settlement package
6. Legal Costs: Provisions regarding payment of legal fees, included when relevant
7. Revocation Period: Period during which employee can revoke agreement, used for senior employees or complex settlements
8. Surviving Obligations: Specific obligations that continue post-settlement, used when certain terms need to survive
1. Schedule A - Settlement Amount Breakdown: Detailed breakdown of settlement components including salary, gratuity, leave encashment, etc.
2. Schedule B - Payment Schedule: If payment is in installments, detailed payment dates and amounts
3. Schedule C - Benefits Statement: Details of any continuing benefits or benefit settlements
4. Schedule D - List of Pending Claims/Disputes: Comprehensive list of all disputes being settled
5. Appendix 1 - Resignation Letter: Standard format resignation letter if part of settlement
6. Appendix 2 - Release Form: Detailed release form if separate from main agreement
7. Appendix 3 - Reference Letter Format: Agreed format of reference letter if applicable
Company
Employee
Effective Date
Settlement Amount
Claims
Disputes
Employment Period
Last Working Day
Full and Final Settlement
Confidential Information
Company Property
Settlement Payment Date
Statutory Benefits
Gratuity
Provident Fund
Outstanding Salary
Leave Encashment
Bonus
Tax
TDS
Release
Parties
Representatives
Applicable Law
Business Day
Intellectual Property Rights
Surviving Obligations
Notice
Dispute Resolution
Recitals
Definitions
Settlement Terms
Payment Terms
Full and Final Release
Confidentiality
Non-Disparagement
Return of Property
Tax Compliance
Statutory Benefits
Legal Compliance
No Admission of Liability
Governing Law
Jurisdiction
Dispute Resolution
Severability
Entire Agreement
Amendment
Notices
Force Majeure
Waiver
Assignment
Counterparts
Independent Legal Advice
Representations and Warranties
Indemnification
Surviving Obligations
Execution
Manufacturing
Information Technology
Banking and Financial Services
Retail
Healthcare
Construction
Telecommunications
Automotive
Hospitality
Mining
Education
Logistics and Transportation
Professional Services
Real Estate
Pharmaceutical
Human Resources
Legal
Finance
Compliance
Industrial Relations
Employee Relations
Payroll
Risk Management
Corporate Affairs
Administration
Human Resources Director
Legal Counsel
HR Manager
Employee Relations Manager
Labor Relations Specialist
Compliance Officer
HR Business Partner
Chief Human Resources Officer
Legal Manager
Industrial Relations Manager
HR Operations Manager
Chief Legal Officer
General Counsel
HR Administrator
Talent Management Director
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