This document is designed for use in Malaysian employment contexts where both employer and employee have agreed to conclude the employment relationship through a Voluntary Resignation In Lieu Of Termination arrangement. It is particularly useful in situations where a traditional termination might be considered but both parties prefer a more amicable resolution. The agreement encompasses key elements required under Malaysian law, including notice periods, final payments, and benefit calculations in accordance with the Employment Act 1955. It provides protection for both parties by clearly documenting the voluntary nature of the resignation, settling all outstanding matters, and including necessary waivers and releases. The document is structured to ensure compliance with Malaysian employment legislation while maintaining the dignity and professional reputation of both parties.

1. Parties: Identification of the employer and employee, including full legal names, addresses, and registration/identification numbers

2. Background: Context of the agreement, including employment history and mutual decision to enter into voluntary resignation arrangement

3. Definitions: Key terms used throughout the agreement

4. Voluntary Resignation: Clear statement of employee's voluntary resignation and the effective date

5. Final Payment and Benefits: Details of salary, outstanding leave, bonuses, and other entitlements up to the last day of employment

6. Release and Waiver: Mutual release of claims and waiver of rights related to the employment relationship

7. Confidentiality: Ongoing obligations regarding confidential information and company secrets

8. Return of Company Property: Requirements for returning all company assets, documents, and equipment

9. Non-Disparagement: Agreement by both parties not to make negative statements about each other

10. Governing Law: Specification that Malaysian law governs the agreement

11. Entire Agreement: Confirmation that this document represents the complete agreement between parties