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1. Parties: Identification of the employer and employee with complete legal names and addresses
2. Background: Brief description of employment history, current position, and mutual decision to terminate
3. Definitions: Key terms used throughout the agreement including Effective Date, Termination Date, Final Settlement, etc.
4. Termination of Employment: Clear statement of employment termination date and immediate effects
5. Final Settlement: Details of all financial settlements including salary, benefits, and statutory payments
6. Company Property: Requirements for return of company property and documentation
7. Confidentiality Obligations: Ongoing obligations regarding confidential information
8. Full and Final Settlement: Mutual release of claims and acknowledgment of settlement completeness
9. Reference and Communication: Agreement on how future employment references will be handled
10. Governing Law: Specification of Pakistani law as governing law and jurisdiction
11. General Provisions: Standard contractual provisions including severability, entire agreement, and amendments
1. Non-Competition: Restrictions on working for competitors, used for senior positions or where market sensitivity exists
2. Non-Solicitation: Restrictions on soliciting employees or customers, typically for sales or senior roles
3. Intellectual Property Rights: Specific provisions for employees who created IP during employment
4. Ongoing Cooperation: Terms for transition assistance or future cooperation, used for key positions
5. Benefits Continuation: Details of any benefits extending beyond termination date
6. Stock Options/Share Rights: Treatment of any equity-based compensation, for employees with share schemes
7. Legal Fees: Provisions for payment of legal fees if agreed to be covered by employer
8. Dispute Resolution: Specific procedures for resolving disputes, recommended for senior positions
1. Schedule A - Final Settlement Calculation: Detailed breakdown of all payment components including salary, gratuity, and other benefits
2. Schedule B - Company Property List: Itemized list of company property to be returned
3. Schedule C - Outstanding Benefits: Details of any pro-rated or accrued benefits
4. Schedule D - Confidential Information: Specific definition and examples of confidential information
5. Appendix 1 - Release Form: Standard form for mutual release of claims
6. Appendix 2 - Handover Checklist: Detailed checklist for job responsibilities handover
Company
Confidential Information
Effective Date
Employee
Employer
Final Settlement Amount
Gratuity
Intellectual Property Rights
Last Working Day
Notice Period
Outstanding Benefits
Parties
Provident Fund
Release
Restricted Period
Separation Date
Settlement Payment
Termination Date
Company Property
Cause
Claims
Competing Business
Dispute
Handover Process
Leave Encashment
Non-Compete Obligations
Non-Solicitation Obligations
Professional Reference
Relevant Territory
Severance Payment
Signing Date
Taxes
Terminal Benefits
Trade Secrets
Transition Period
Final Settlement
Payment Terms
Confidentiality
Non-Competition
Non-Solicitation
Return of Property
Intellectual Property
Release of Claims
References
Continuing Obligations
Non-Disparagement
Cooperation
Benefits
Tax Indemnity
Severability
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Assignment
Notices
Force Majeure
Waiver
Third Party Rights
Counterparts
Legal Compliance
Representations and Warranties
Banking and Financial Services
Information Technology
Manufacturing
Telecommunications
Professional Services
Healthcare
Education
Retail
Construction
Energy
Pharmaceuticals
Textiles
Automotive
Mining
Agriculture
Human Resources
Legal
Finance
Operations
Senior Management
Administration
Compliance
Corporate Secretariat
Risk Management
Employee Relations
Chief Executive Officer
Chief Financial Officer
Managing Director
Department Manager
Senior Software Engineer
HR Manager
Sales Director
Operations Manager
Project Manager
Senior Accountant
Marketing Manager
Production Supervisor
Research Scientist
Legal Counsel
Business Development Manager
Technical Lead
Administrative Officer
Finance Manager
Regional Manager
General Manager
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