The Employee Resignation Agreement is a crucial document used in Nigerian employment relationships when an employee voluntarily decides to terminate their employment. This document becomes necessary to formally document the separation process and protect both parties' interests under Nigerian law, particularly in compliance with the Labour Act and related employment legislation. The agreement typically comes into play when an employee submits their resignation and both parties wish to clearly document the terms of separation, including notice periods, final settlements, and ongoing obligations. It serves multiple purposes: documenting the formal end of employment, clarifying financial settlements, addressing confidentiality requirements, and establishing any post-employment obligations. The agreement is particularly important in professional settings where there may be sensitive information, significant handover requirements, or complex benefit arrangements to be addressed.
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Key Requirements PROMPT example:
Employee Resignation Agreement
"I need an Employee Resignation Agreement for a senior software developer in a fintech company in Lagos, Nigeria, who will be joining a competitor, so it needs strong confidentiality and non-compete clauses, with the resignation effective from March 15, 2025."
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1. Parties: Identification of the employer and the resigning employee
2. Background: Brief context of the employment relationship and the decision to resign
3. Definitions: Key terms used throughout the agreement
4. Resignation and Effective Date: Formal statement of resignation and the last day of employment
5. Notice Period: Details of the notice period being served or waived
6. Final Payment and Benefits: Breakdown of final salary, benefits, and any outstanding payments
7. Company Property: Requirements for returning company property and documents
8. Confidentiality Obligations: Ongoing duties regarding confidential information
9. General Release: Mutual release of claims between parties
10. Governing Law: Specification of Nigerian law as governing law
11. Execution: Signature blocks and execution details
1. Handover Requirements: Used when there are specific projects or responsibilities that need formal handover
2. Non-Competition: Include when there are legitimate business interests to protect through non-compete provisions
3. Non-Solicitation: Include when protecting against solicitation of employees or customers is necessary
4. Outstanding Loans: Include if there are any company loans or advances to be settled
5. Training Bond: Include if there are any training bonds or commitments that need to be addressed
6. Reference Policy: Include when specifying arrangements for future employment references
7. Intellectual Property Rights: Include when the employee has been involved in creating IP during employment
8. Survival of Previous Agreements: Include when certain provisions from previous agreements should remain in effect
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of final salary, benefits, deductions, and any other financial settlements
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Handover Checklist: Detailed list of tasks, documents, and responsibilities to be handed over
4. Appendix A - Benefits Summary: Summary of benefits and their treatment post-resignation
5. Appendix B - Confidential Information: Specific definition and examples of confidential information
Authors
Relevant legal definitions
Agreement
Company
Confidential Information
Effective Date
Employee
Final Payment
Intellectual Property
Notice Period
Outstanding Obligations
Parties
Company Property
Resignation Date
Trade Secrets
Working Day
Accrued Benefits
Competitor
Governing Law
Handover Process
Reference Date
Termination Benefits
Company
Confidential Information
Effective Date
Employee
Final Payment
Intellectual Property
Notice Period
Outstanding Obligations
Parties
Company Property
Resignation Date
Trade Secrets
Working Day
Accrued Benefits
Competitor
Governing Law
Handover Process
Reference Date
Termination Benefits
Clauses
Resignation
Notice Period
Final Payment
Benefits
Company Property
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Handover
Release and Waiver
References
Tax Obligations
Pension
Outstanding Loans
Training Bond
Post-Employment Obligations
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Notices
Indemnification
Force Majeure
Assignment
Third Party Rights
Counterparts
Survival
Notice Period
Final Payment
Benefits
Company Property
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Handover
Release and Waiver
References
Tax Obligations
Pension
Outstanding Loans
Training Bond
Post-Employment Obligations
Dispute Resolution
Governing Law
Severability
Entire Agreement
Amendment
Notices
Indemnification
Force Majeure
Assignment
Third Party Rights
Counterparts
Survival
Relevant Industries
Banking and Finance
Technology
Manufacturing
Oil and Gas
Telecommunications
Professional Services
Healthcare
Education
Retail
Construction
Agriculture
Mining
Media and Entertainment
Transportation and Logistics
Real Estate
Relevant Teams
Human Resources
Legal
Finance
Operations
Information Technology
Sales
Marketing
Research and Development
Administration
Customer Service
Product Development
Business Development
Engineering
Quality Assurance
Corporate Communications
Relevant Roles
Chief Executive Officer
Managing Director
Department Manager
Senior Executive
Technical Specialist
Software Developer
Financial Analyst
Sales Manager
Account Manager
Project Manager
Human Resources Manager
Operations Manager
Research Scientist
Legal Counsel
Marketing Director
Business Development Manager
Administrative Officer
Engineer
Product Manager
Customer Service Representative
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