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1. Parties: Identification of the employer and employee, including full legal names, addresses, and registration/identification numbers
2. Background: Brief history of employment relationship, current position, and mutual decision to terminate
3. Definitions: Key terms used throughout the agreement
4. Separation Terms: Effective date of separation and immediate implications
5. Final Payment and Benefits: Details of salary, notice period payments, and statutory benefits
6. Tax Treatment: Tax implications and responsibilities for all payments
7. Company Property: Requirements for return of company property and documents
8. Confidentiality: Ongoing obligations regarding confidential information
9. Full and Final Settlement: Acknowledgment that the agreement represents full and final settlement
10. Release and Waiver: Mutual release of claims and legal rights
11. Governing Law: Specification of Malaysian law as governing law
12. Execution: Signature blocks and execution requirements
1. Non-Competition: Restrictions on future employment with competitors - used for senior positions or roles with access to sensitive information
2. Non-Solicitation: Restrictions on soliciting employees or customers - typically for sales or management roles
3. Intellectual Property: Provisions regarding ownership and transfer of IP - relevant for technical or creative roles
4. Reference Letter: Terms regarding the provision of employment references - included when agreed as part of separation terms
5. Outplacement Support: Details of any career transition services - typically for senior roles or redundancy situations
6. Share Options/Awards: Treatment of outstanding share options or awards - for employees in share schemes
7. Medical Benefits Extension: Continuation of medical benefits - for long-serving employees or special circumstances
1. Schedule 1 - Payment Calculation: Detailed breakdown of all payments including salary, notice period, statutory benefits, and ex-gratia payments
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Benefits Summary: Comprehensive list of benefits and their treatment post-separation
4. Appendix A - Resignation Letter: Standard format resignation letter to be signed by employee
5. Appendix B - Release Form: Detailed release and waiver form
6. Appendix C - Handover Checklist: Checklist for handover of duties and responsibilities
Company
Confidential Information
Effective Date
Employee
Employment Contract
Final Payment
Identity Card
Intellectual Property
Notice Period
Parties
Separation Benefits
Separation Date
Statutory Benefits
Company Property
Working Day
Outstanding Leave
Restrictive Covenants
Settlement Sum
Termination Benefits
Release
Retirement Benefits
Social Security Contributions
Tax
Severance Payment
Termination of Employment
Separation Payments
Final Settlement
Tax Obligations
Employee Benefits
Company Property Return
Confidentiality
Non-Disclosure
Non-Competition
Non-Solicitation
Intellectual Property Rights
Release and Waiver
Reference
Handover
Full and Final Settlement
Legal Compliance
Governing Law
Severability
Entire Agreement
Amendment
Notice
Assignment
Counterparts
Third Party Rights
Banking and Financial Services
Technology
Manufacturing
Professional Services
Retail
Healthcare
Education
Telecommunications
Construction
Energy and Utilities
Media and Entertainment
Hospitality
Logistics and Transportation
Human Resources
Legal
Finance
Operations
Sales
Marketing
Information Technology
Research and Development
Administration
Customer Service
Production
Quality Assurance
Corporate Communications
Procurement
Business Development
Chief Executive Officer
Managing Director
Department Head
Senior Manager
Manager
Executive
Senior Professional
Professional
Administrative Staff
Technical Specialist
Sales Representative
Operations Manager
Project Manager
Department Supervisor
Regional Manager
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