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1. Addressing and Date: Formal letter heading with employee's full name, position, and current date
2. Introduction: Reference to prior discussions about mutual separation and confirmation of the agreement to separate
3. Last Working Day: Clear statement of the agreed termination date and any handover requirements
4. Financial Terms: Details of final salary, leave pay, and any separation package offered
5. Company Property: Requirements for returning company property and handling of company information
6. Reference and Communications: Agreement on how the separation will be communicated and nature of references to be provided
7. Full and Final Settlement: Confirmation that the terms represent full and final settlement of all claims
8. Acknowledgment: Space for both parties to sign acknowledging agreement to the terms
9. Contact Details: Future contact information for both parties
1. Non-Compete Provisions: Include when there are specific competitive concerns or when maintaining existing restraints of trade
2. Benefits Continuation: Include when there are medical aid, pension, or other benefits that need addressing
3. Outstanding Commissions: Include for sales positions or roles with commission structures
4. Share Options/Long-term Incentives: Include when employee has outstanding share options or long-term incentives
5. Confidentiality Obligations: Include when there is sensitive information or intellectual property to protect
6. Legal Representation: Include when either party has received legal advice in relation to the separation
1. Financial Settlement Calculation: Detailed breakdown of all financial components of the separation package
2. Company Property Checklist: List of all company property to be returned
3. Benefits Summary: Details of any benefits and their treatment post-separation
4. Handover Schedule: List of projects, responsibilities and deadlines for handover
Last Working Day
Separation Payment
Notice Period
Company Property
Confidential Information
Final Settlement Amount
Outstanding Benefits
Accrued Leave
Company
Employee
Parties
Handover Period
Final Release
Settlement Agreement
Restraint of Trade
Intellectual Property
Professional Relationships
Final Payments
Leave Entitlements
Benefits Termination
Company Property Return
Confidentiality
Non-Disparagement
References
Full and Final Settlement
Tax Indemnity
Restraint of Trade
Intellectual Property
Data Protection
Handover Obligations
Legal Representation
Governing Law
Severability
Entire Agreement
Amendment
Acknowledgment
Financial Services
Technology
Manufacturing
Retail
Mining
Professional Services
Healthcare
Education
Telecommunications
Construction
Agriculture
Energy
Transport and Logistics
Media and Entertainment
Hospitality
Human Resources
Legal
Finance
Operations
Sales
Marketing
Information Technology
Customer Service
Research and Development
Administration
Production
Quality Assurance
Supply Chain
Executive Office
Corporate Communications
Chief Executive Officer
Managing Director
General Manager
Department Head
Senior Manager
Middle Manager
Supervisor
Professional Staff
Administrative Officer
Technical Specialist
Sales Representative
Operations Manager
Project Manager
Account Manager
Human Resources Manager
Financial Controller
Executive Assistant
Office Manager
Field Worker
Customer Service Representative
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