Mutual Termination Of Employment Agreement Template for Nigeria

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

2. Background: Brief history of employment relationship, reference to original employment contract, and mutual decision to terminate

3. Definitions: Key terms used throughout the agreement including 'Termination Date', 'Final Payment', 'Company Property', etc.

4. Mutual Agreement to Terminate: Clear statement of both parties' agreement to terminate the employment relationship

5. Termination Date: Specific date when employment relationship will end

6. Final Payments and Benefits: Details of salary, benefits, allowances, and other entitlements up to termination date

7. Tax and Statutory Deductions: Provisions regarding tax treatment of final payments and statutory deductions

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

9. Release and Waiver: Mutual release of claims and waiver of rights

10. Confidentiality Obligations: Ongoing obligations regarding confidential information

11. Reference and Employment Verification: Agreement on how future employment verifications will be handled

12. Governing Law: Specification that Nigerian law governs the agreement

13. Entire Agreement: Statement that this document represents the complete agreement between parties

14. Execution: Signature blocks and execution requirements

1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including salary, leave entitlements, and other benefits

2. Schedule 2 - Company Property Register: List of all company property to be returned

3. Schedule 3 - Ongoing Benefits: Details of any benefits continuing post-termination

4. Schedule 4 - Handover Checklist: List of tasks, documents, and responsibilities to be handed over

5. Appendix A - Original Employment Contract: Copy of the original employment contract for reference