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1. Parties: Identification of the employer and employee(s) entering into the settlement agreement
2. Background: Context of the employment relationship and circumstances leading to the settlement
3. Definitions: Key terms used throughout the agreement including 'Settlement Amount', 'Effective Date', etc.
4. Settlement Amount: Details of the total settlement amount and its components
5. Payment Terms: Timeline and method of payment, including tax considerations
6. Full and Final Settlement: Declaration that this represents full and final settlement of all claims
7. Release and Waiver: Employee's release of all claims against the employer
8. Confidentiality: Obligations to keep the settlement terms confidential
9. Governing Law: Specification of Indian law as governing law and jurisdiction
10. Execution: Signature requirements and effective date of the agreement
1. Return of Company Property: Include when employee needs to return company assets or documents
2. Non-disparagement: Include when parties agree not to make negative statements about each other
3. Reference Letter: Include when employer agrees to provide a reference letter
4. Ongoing Benefits: Include when certain benefits will continue post-settlement
5. Non-compete/Non-solicitation: Include when post-settlement restrictions are required
6. Tax Indemnity: Include when specific tax implications need to be addressed
7. Dispute Resolution: Include when specific dispute resolution mechanisms are needed beyond court jurisdiction
1. Schedule 1 - Settlement Calculation: Detailed breakdown of settlement amount components
2. Schedule 2 - Payment Schedule: If payment is to be made in installments, detailed payment timeline
3. Schedule 3 - List of Claims: Specific list of claims being settled
4. Appendix A - Employee Benefits Summary: Summary of benefits and their treatment in settlement
5. Appendix B - Tax Computation: Detailed calculation of tax implications on settlement amount
Effective Date
Settlement Amount
Settlement Period
Company
Employee
Parties
Employment Period
Last Working Day
Full and Final Settlement
Claims
Dues
Basic Salary
Allowances
Bonus
Gratuity
Provident Fund
Leave Encashment
Outstanding Wages
Tax Deduction
Payment Date
Confidential Information
Company Property
Release
Waiver
Notice Period
Legal Representatives
Business Day
Applicable Law
Government Authority
Settlement Amount
Tax Provisions
Release and Discharge
Confidentiality
Full and Final Settlement
Non-Disparagement
Return of Property
Governing Law
Dispute Resolution
Notices
Severability
Amendment
Entire Agreement
Waiver
Further Assurance
Counterparts
Assignment
Compliance with Laws
Representations and Warranties
Reference
Indemnification
Survival
Force Majeure
Benefits and Claims
Legal Costs
Acknowledgment
Manufacturing
Information Technology
Financial Services
Retail
Healthcare
Construction
Mining
Telecommunications
Education
Professional Services
Hospitality
Automotive
Pharmaceuticals
Real Estate
Energy
Human Resources
Legal
Finance
Payroll
Compliance
Industrial Relations
Labor Relations
Employee Relations
Corporate Affairs
Risk Management
HR Director
HR Manager
Finance Director
Finance Manager
Legal Counsel
Compliance Officer
Industrial Relations Manager
Payroll Manager
HR Business Partner
Chief Financial Officer
Chief Human Resources Officer
Employment Lawyer
Labor Relations Specialist
Compensation and Benefits Manager
HR Operations Manager
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