Promissory Note For Honorable Dismissal Template for Saudi Arabia

The Promissory Note For Honorable Dismissal is commonly used in Saudi Arabian employment contexts when an amicable separation between employer and employee requires financial settlement or structured payments. This document type emerged from the need to balance proper employment termination procedures with financial security for both parties. It is particularly useful when end-of-service benefits, salary settlements, or other financial obligations need to be paid in installments or secured through a formal promise to pay. The document must comply with Saudi Arabia's Commercial Papers Law, Labor Law, and Shariah principles, making it enforceable in Saudi courts. It provides employers with security while offering employees a dignified exit that preserves their professional reputation and future employment prospects.

1. Header Information: Date, place of issuance, and 'Promissory Note' title in Arabic and English

2. Promise to Pay Statement: Unconditional promise to pay a specific amount, with the exact sum written in both numbers and words

3. Parties Information: Full legal names, addresses, and identification details of both the promisor (employee) and promisee (employer)

4. Payment Terms: Specific date or dates when payment is due, payment method, and currency

5. Reference to Employment: Brief statement referencing the employment relationship and honorable dismissal context

6. Legal Compliance Statement: Statement confirming compliance with Shariah principles and applicable Saudi laws

7. Signature Block: Space for signatures, witnesses, and official stamps if required