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1. Parties: Identification of the employer and employee, including their complete legal names and addresses
2. Background: Brief description of the employment relationship, including original employment date, position, and reference to the original employment contract
3. Definitions: Key terms used in the termination agreement
4. Grounds for Termination: Clear statement of the just or authorized cause for termination as per Philippine Labor Code
5. Effective Date: Specific date when the employment relationship will end
6. Final Settlement: Details of final salary, benefits, and other monetary considerations including separation pay if applicable
7. Company Property: List of company properties to be returned and deadline for return
8. Confidentiality Obligations: Ongoing obligations regarding confidential information
9. Release and Quitclaim: Mutual release of claims and liabilities
10. Governing Law: Specification that the agreement is governed by Philippine law
11. Execution: Signature blocks for both parties
1. Non-Competition: Include when there is a need to restrict the employee from working with competitors for a reasonable period
2. Non-Solicitation: Include when there is a need to prevent the employee from soliciting company clients or employees
3. Transition Plan: Include when the employee needs to handle knowledge transfer or project handover
4. Reference Agreement: Include when parties agree on how employment references will be handled
5. Post-Employment Benefits: Include when there are continuing benefits after termination
6. Dispute Resolution: Include when parties want to specify alternative dispute resolution methods
7. Reinstatement Waiver: Include when the termination is by mutual agreement and parties want to explicitly waive reinstatement rights
1. Schedule A - Final Settlement Computation: Detailed breakdown of final pay, including basic salary, pro-rated 13th month pay, unused leave credits, and separation pay if applicable
2. Schedule B - Company Property Inventory: Detailed list of company properties to be returned
3. Schedule C - Certificate of Employment: Draft of the certificate of employment to be issued
4. Appendix 1 - Clearance Form: Standard company clearance form to be completed before final settlement
5. Appendix 2 - DOLE Requirements Checklist: Checklist ensuring compliance with Department of Labor and Employment requirements
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