Pay Settlement Agreement Template for Saudi Arabia

1. Confidentiality: Terms requiring parties to keep the settlement terms confidential - used when privacy is important

2. Non-Disparagement: Mutual obligations not to make negative statements - used in sensitive departures

3. Continuing Obligations: Any ongoing obligations that survive settlement - used when there are post-settlement duties

4. Return of Property: Requirements for returning company property - used when employee has company assets

5. Reference: Terms regarding future employment references - used when agreed as part of settlement

6. Medical Insurance: Provisions regarding continuation or termination of medical benefits - used when relevant

7. Visa/Immigration Status: Provisions regarding employment visa status - used for expatriate employees

1. Schedule 1 - Settlement Calculation: Detailed calculation of all settlement components including basic salary, benefits, and deductions

2. Schedule 2 - Payment Schedule: If payment is to be made in installments, detailed payment dates and amounts

3. Schedule 3 - Benefits Statement: Statement of all benefits and their treatment under the settlement

4. Appendix A - Employee Service History: Summary of employment duration and positions held

5. Appendix B - Outstanding Loans/Advances: Details of any outstanding loans or advances to be settled

6. Appendix C - Company Property List: List of company property to be returned, if applicable