Employee Exit Agreement for Malaysia

Employee Exit Agreement Template for Malaysia

A comprehensive legal document governed by Malaysian employment law that formalizes the termination of an employment relationship between an employer and employee. This agreement outlines the terms and conditions of the employment separation, including final compensation, benefits settlement, confidentiality obligations, and mutual releases. It ensures compliance with Malaysian labor regulations, particularly the Employment Act 1955 and Industrial Relations Act 1967, while protecting both parties' interests and providing clarity on post-employment obligations and entitlements.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Employee Exit Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Employee Exit Agreement?

The Employee Exit Agreement is a crucial document used in Malaysia when formally concluding an employment relationship between an organization and its employee. It becomes necessary when either party initiates employment termination, whether through resignation, mutual agreement, or other circumstances. The document serves multiple purposes: documenting final settlements, protecting confidential information, managing post-employment obligations, and preventing future disputes. It must comply with Malaysian employment legislation, including the Employment Act 1955 and related regulations. This agreement typically includes details about final payments, benefit settlements, company property return, continuing obligations, and mutual releases, providing both parties with legal certainty and protection.

What sections should be included in a Employee Exit Agreement?

1. Parties: Identification of the employer and employee

2. Background: Brief history of employment relationship and reason for exit agreement

3. Definitions: Key terms used throughout the agreement

4. Effective Date of Termination: Specific date when employment relationship ends

5. Final Payment and Benefits: Details of salary, benefits, bonuses, and other compensation due

6. Settlement of Claims: Mutual release of claims between parties

7. Company Property: Requirements for return of company property and documentation

8. Confidentiality Obligations: Ongoing obligations regarding confidential information

9. Non-Disparagement: Mutual agreements not to make negative statements

10. Reference and Announcement: Agreement on how departure will be communicated

11. Governing Law: Specification of Malaysian law as governing law

12. General Provisions: Standard boilerplate clauses including notices, amendments, etc

What sections are optional to include in a Employee Exit Agreement?

1. Non-Compete Obligations: Restrictions on future employment - include if employee had access to sensitive information or key clients

2. Non-Solicitation: Restrictions on approaching employees/clients - include for senior roles

3. Retention of Company Devices: Include if employee is keeping any company equipment as part of settlement

4. Share Options/Securities: Include if employee has company shares or share options

5. Consultancy Arrangements: Include if employee will continue providing services as consultant

6. Training Cost Clawback: Include if there are outstanding training costs to be recovered

7. Garden Leave: Include if employee will be on garden leave before termination date

What schedules should be included in a Employee Exit Agreement?

1. Schedule 1 - Financial Settlement: Detailed breakdown of all payments including salary, benefits, bonuses, and deductions

2. Schedule 2 - Company Property List: Itemized list of company property to be returned

3. Schedule 3 - Employee Benefits Summary: Summary of benefit arrangements including insurance, medical coverage continuation

4. Appendix A - Resignation Letter: Standard form resignation letter to be signed by employee

5. Appendix B - Reference Letter: Agreed form of reference letter if applicable

6. Appendix C - Confidential Information: Specific list of confidential information and trade secrets to be protected

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Genie AI

Cost

Free to use
Relevant Industries

Technology

Manufacturing

Financial Services

Healthcare

Retail

Education

Professional Services

Construction

Telecommunications

Energy

Hospitality

Transportation

Real Estate

Media and Entertainment

Relevant Teams

Human Resources

Legal

Finance

Operations

Information Technology

Sales

Marketing

Research and Development

Administration

Customer Service

Production

Quality Assurance

Procurement

Corporate Communications

Relevant Roles

Chief Executive Officer

Managing Director

Department Head

Senior Manager

Manager

Executive

Specialist

Analyst

Engineer

Sales Representative

Administrative Officer

Technical Support

Professional Staff

Supervisor

Coordinator

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Lease Cancellation

A Malaysian law-compliant agreement for the mutual termination of a lease between landlord and tenant, establishing terms for lease ending and property handover.

find out more

Termination Of Contract By Contractor

A Malaysian legal document for contractors to formally terminate their contractual obligations with the principal/employer, compliant with Malaysian contract law and construction industry regulations.

find out more

Time Contract Termination

A Malaysian law-compliant document for formal termination of time-based contracts, outlining termination terms and obligations.

find out more

Ending An Employment Contract Early

A Malaysian law-compliant document for early termination of employment contracts, detailing termination terms and statutory requirements.

find out more

Deed Of Termination Shareholders Agreement

A Malaysian law-governed deed that formally terminates an existing shareholders agreement, including provisions for cessation of rights and obligations.

find out more

General Contractor Termination Letter

A formal notice under Malaysian law to terminate a general contractor's services, including termination terms and final instructions.

find out more

Deed Of Cancellation Of Agreement For Sale

A Malaysian law-governed deed that formally cancels an existing Agreement for Sale and releases parties from their obligations under the original agreement.

find out more

Terminate Contract With Immediate Effect

A Malaysian law-compliant document for immediate contract termination, citing grounds and required actions.

find out more

Cancellation Of Condominium Contract

A Malaysian law-compliant agreement that terminates a condominium Sale and Purchase Agreement, outlining refund terms and mutual release of obligations.

find out more

Termination Of Commercial Lease

A Malaysian law-governed agreement that formally terminates a commercial lease between landlord and tenant, settling all obligations and establishing termination terms.

find out more

Surrender Of Tenancy Agreement

A Malaysian law-governed agreement documenting the mutual termination of a lease before its original expiry date, setting out surrender terms and obligations for both landlord and tenant.

find out more

Assignment Of Lease Agreement

A Malaysian law-governed agreement transferring lease rights and obligations from an existing tenant to a new tenant.

find out more

Termination Of Tenancy Agreement

A Malaysian law-governed agreement that formally terminates an existing tenancy arrangement between landlord and tenant, specifying termination terms and final obligations.

find out more

End Of Lease Agreement

A Malaysian law-governed agreement that formally terminates a lease arrangement between landlord and tenant, outlining property handover and final settlement terms.

find out more

Termination Of Lease Letter

A formal notice under Malaysian law to terminate a lease agreement between landlord and tenant, including termination details and handover arrangements.

find out more

Termination Of Development Agreement

A Malaysian law-governed agreement that formally terminates an existing Development Agreement, settling all related rights and obligations between the parties.

find out more

Termination Letter Distribution Agreement

A Malaysian law-governed formal notice to terminate a distribution agreement, outlining termination terms and post-termination obligations.

find out more

Service Contract Termination

A Malaysian law-governed document for formally terminating service contracts, ensuring legal compliance and protecting parties' interests.

find out more

Independent Contractor Termination

A Malaysian law-governed agreement for formally terminating an independent contractor relationship, including final terms and mutual releases.

find out more

End Of Lease Letter To Tenant

A formal notice under Malaysian law informing tenants about lease termination, including move-out requirements and final settlement details.

find out more

Contract Termination For Convenience

A Malaysian law-compliant document for terminating contracts without cause, specifying termination process and settlement terms.

find out more

Buyer Termination Of Contract

A formal notice for contract termination by the buyer under Malaysian law, stating grounds for termination and required actions.

find out more

Termination Of Agency Agreement

A Malaysian law-governed agreement that formally terminates an existing agency relationship, outlining termination terms and post-termination obligations.

find out more

Termination Release Agreement

A Malaysian law-governed agreement that documents employment termination terms, including payments, releases, and ongoing obligations between employer and employee.

find out more

Termination Of Business Relationship

A Malaysian law-governed agreement for formally terminating business relationships between commercial parties, addressing all aspects of dissolution and post-termination obligations.

find out more

Shareholder Exit Agreement

A Malaysian law-governed agreement facilitating a shareholder's exit from a company, including share transfer terms, valuations, and post-exit obligations.

find out more

Partner Exit Agreement

A Malaysian law-governed agreement documenting a partner's withdrawal from a business partnership, including exit terms, financial settlements, and ongoing obligations.

find out more

Letter For Non Renewal Of Work Contract

A formal Malaysian legal document notifying an employee of their fixed-term employment contract's non-renewal upon expiration.

find out more

Lease Break Agreement

A Malaysian law-governed agreement that enables the mutually agreed early termination of a lease between landlord and tenant.

find out more

End Of Fixed Term Contract

A Malaysian-compliant document formalizing the conclusion of a fixed-term employment contract, including termination terms and final settlements.

find out more

End Of Employment Contract

A Malaysian law-compliant agreement that formalizes and documents the termination of employment relationship, outlining final settlements and obligations of both parties.

find out more

Director Exit Agreement

A Malaysian law-governed agreement documenting the terms and conditions for a director's departure from a company's board, including resignation terms, obligations, and mutual releases.

find out more

Business Contract Cancellation Letter

A formal letter for terminating business contracts under Malaysian law, providing legal notification of contract cancellation and outlining termination terms.

find out more

Rental Contract Cancellation

A Malaysian law-compliant document that formally terminates a rental agreement between landlord and tenant, outlining termination terms and settlement conditions.

find out more

Cancellation Of Memorandum Of Agreement

A Malaysian law-governed document that formally terminates an existing Memorandum of Agreement between parties, including mutual releases and settlement terms.

find out more

Mutual Termination Of Construction Contract

A Malaysian law-governed agreement for the mutual termination of a construction contract, addressing final settlements and releases between parties.

find out more

Termination Of Construction Contract By Owner And Contractor

A Malaysian law-governed agreement for mutual termination of a construction contract between owner and contractor, addressing final settlements and project closure.

find out more

Termination Of Sale Agreement

A Malaysian law-governed agreement that formally terminates an existing sale arrangement between parties, addressing all settlement terms and mutual releases.

find out more

Security Service Termination Letter

A formal letter compliant with Malaysian law for terminating security service agreements, specifying termination terms and transition arrangements.

find out more

Letter Of Termination Of Tenancy Agreement

A formal notice under Malaysian law to terminate a tenancy agreement, specifying the termination date and related arrangements between landlord and tenant.

find out more
See more related templates

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

2 Docs LeftAccess Now