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1. Parties: Identification of the employer and employee, including legal names and addresses
2. Background: Brief statement of employment history, termination date, and context for the agreement
3. Definitions: Key terms used throughout the agreement, including 'Released Parties', 'Claims', and 'Severance Payment'
4. Termination Date: Clear statement of when employment ends and final day of work
5. Severance Payment: Detailed breakdown of all payments and benefits to be provided, including timing
6. Release of Claims: Comprehensive release of all possible claims against the employer and related parties
7. Tax Treatment: Acknowledgment of tax implications and responsibilities
8. Confidentiality: Requirements to keep the terms of the agreement confidential
9. Return of Property: Obligation to return company property and confirmation of compliance
10. Acknowledgments: Employee's confirmation of understanding, opportunity for legal counsel, and voluntary acceptance
11. Governing Law: Specification of applicable Canadian jurisdiction
12. Entire Agreement: Statement that this document represents the complete agreement between parties
13. Execution: Signature blocks and date of agreement
1. Non-Disparagement: Mutual or one-way agreement not to make negative statements, used when reputation protection is important
2. Reference Letter: Terms regarding employment references, used when agreed as part of the settlement
3. Equity Compensation: Treatment of stock options or other equity-based compensation, included if employee has such benefits
4. Post-Employment Restrictions: Non-competition and non-solicitation provisions, used when protecting business interests is crucial
5. Cooperation: Agreement to assist with transition or future matters, used when employee held key position
6. Benefits Continuation: Details of any extended benefits coverage, included if offering continued benefits
7. Re-Employment: Statement regarding future employment possibilities, used when wanting to clarify no right to re-employment
8. Immigration Status: Address impact on work permits or immigration status, used for foreign workers
9. Outplacement Services: Details of career transition support, included if offering such services
10. Release Revocation Period: Required in some jurisdictions or for certain age groups, included when legally necessary
1. Schedule A - Severance Payment Details: Itemized list of all payments, including salary continuation, benefits, and other compensation
2. Schedule B - Returned Property Checklist: List of company property to be returned by the employee
3. Schedule C - Continuing Obligations: Reference to surviving terms from employment agreement or other contracts
4. Schedule D - Benefits Continuation Details: Specific information about any continued benefits coverage and duration
5. Appendix 1 - Reference Letter: Agreed form of employment reference, if applicable
6. Appendix 2 - Outstanding Equity Compensation: Details of any stock options or other equity compensation and their treatment
Technology
Financial Services
Manufacturing
Retail
Healthcare
Professional Services
Education
Energy
Mining
Transportation
Telecommunications
Construction
Real Estate
Agriculture
Non-Profit
Government
Media and Entertainment
Hospitality
Human Resources
Legal
Finance
Payroll
Executive Leadership
Compensation and Benefits
Employee Relations
Corporate Communications
Risk Management
Compliance
Chief Executive Officer
Chief Financial Officer
Director
Manager
Supervisor
Senior Executive
Vice President
Department Head
Senior Manager
Project Manager
Account Executive
Sales Representative
Administrative Assistant
Technician
Analyst
Coordinator
Specialist
Professional Staff
Operations Manager
Regional Manager
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