Ƶ

Voluntary Resignation In Lieu Of Termination for Nigeria

Voluntary Resignation In Lieu Of Termination Template for Nigeria

This document template provides a comprehensive framework for executing a voluntary resignation in lieu of termination under Nigerian employment law. It includes essential provisions for mutual release of claims, financial settlements, and post-employment obligations while ensuring compliance with Nigerian labor regulations, including the Labour Act and Employee Compensation Act. The agreement balances the interests of both employer and employee, providing clear terms for separation, final payments, benefits, and ongoing obligations while maintaining legal enforceability within the Nigerian jurisdiction.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Voluntary Resignation In Lieu Of Termination

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Voluntary Resignation In Lieu Of Termination?

The Voluntary Resignation In Lieu Of Termination agreement is utilized in situations where both employer and employee agree to characterize the end of employment as a resignation rather than a termination. This approach is common in Nigerian corporate practice when organizations wish to provide employees with a more dignified exit option that may be more favorable for their future employment prospects. The document is structured to comply with Nigerian employment laws, including the Labour Act and relevant state-level regulations, while protecting both parties' interests. It typically includes comprehensive details about financial settlements, benefits continuation, confidentiality obligations, and mutual releases. This type of agreement is particularly relevant in situations involving senior employees or sensitive departures where maintaining professional relationships and reputation management are priorities.

What sections should be included in a Voluntary Resignation In Lieu Of Termination?

1. Parties: Identification of the employer and employee, including full legal names and addresses

2. Background: Context of the agreement, including employment history and circumstances leading to the voluntary resignation

3. Definitions: Key terms used throughout the agreement

4. Voluntary Resignation: Clear statement of voluntary resignation, effective date, and acknowledgment that this is in lieu of termination

5. Final Payment Terms: Details of salary, benefits, and any other payments due up to the last day of employment

6. Settlement Payment: Any additional payments or benefits being offered as part of the resignation agreement

7. Company Property: Requirements for return of company property and documents

8. Confidentiality Obligations: Ongoing obligations regarding confidential information and trade secrets

9. Release and Waiver: Mutual release of claims between parties

10. References: Agreement on how future employment references will be handled

11. Tax Implications: Statement on tax treatment of payments and each party's responsibilities

12. Governing Law: Specification of Nigerian law as governing law and jurisdiction

13. Entire Agreement: Standard clause confirming this document represents the complete agreement between parties

What sections are optional to include in a Voluntary Resignation In Lieu Of Termination?

1. Non-Competition: Restrictions on future employment with competitors, if applicable and legally enforceable in Nigeria

2. Non-Solicitation: Restrictions on soliciting employees or customers, if applicable

3. Pension Arrangements: Special arrangements regarding pension benefits, if applicable

4. Outstanding Loans: Treatment of any outstanding loans or advances from the company

5. Medical Benefits Extension: Any continuation of medical benefits post-employment

6. Stock Options/Share Rights: Treatment of any existing stock options or share rights

7. Outplacement Services: Provision of career transition services, if offered

8. Legal Fees: Agreement regarding payment of legal fees for review of the agreement

What schedules should be included in a Voluntary Resignation In Lieu Of Termination?

1. Schedule A - Payment Calculation: Detailed breakdown of all payments including final salary, benefits, and settlement amount

2. Schedule B - Company Property List: Itemized list of company property to be returned

3. Schedule C - Benefits Summary: Summary of benefits and their treatment post-employment

4. Appendix 1 - Acknowledgment Form: Form confirming voluntary nature of resignation and receipt of all payments

5. Appendix 2 - Confidential Information Definition: Detailed definition of what constitutes confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Publisher

Ƶ

Document Type

Termination Letter

Cost

Free to use
Relevant legal definitions



































Clauses






























Relevant Industries

Banking and Finance

Oil and Gas

Manufacturing

Technology

Telecommunications

Professional Services

Retail

Healthcare

Education

Construction

Mining

Agriculture

Transportation

Hospitality

Insurance

Real Estate

Relevant Teams

Human Resources

Legal

Finance

Operations

Administration

Compliance

Risk Management

Corporate Secretariat

Employee Relations

Talent Management

Relevant Roles

Chief Executive Officer

Managing Director

Department Head

Senior Manager

Human Resources Manager

Legal Counsel

Finance Director

Operations Manager

Project Manager

Account Manager

Sales Director

Technical Lead

Regional Manager

Branch Manager

Administrative Officer

Executive Assistant

Department Supervisor

Team Leader

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Notice Of Termination Of Agreement Of Sale

A formal legal notice under Nigerian law that communicates the termination of an existing sale agreement between parties.

find out more

Letter Of Termination Of Rental Agreement By Tenant

A formal notice document used in Nigeria by tenants to legally terminate their rental agreement, complying with Nigerian property law and state-specific tenancy requirements.

find out more

End Of Probation Period Letter

A formal letter under Nigerian law confirming an employee's successful completion of probation period or alternative outcomes.

find out more

Breach Of Lease By Landlord Letter

A formal notice under Nigerian law from tenant to landlord documenting lease violations and demanding specific remedies, serving as official documentation of the breach.

find out more

Termination Of Apprenticeship Letter

A formal letter under Nigerian law that officially ends an apprenticeship relationship between an employer/master and an apprentice, documenting termination details and final arrangements.

find out more

Termination Letter For Driver

A Nigerian law-compliant termination letter template specifically designed for ending employment relationships with drivers, including relevant termination terms and final settlements.

find out more

Service Agreement Termination Letter

A formal notice under Nigerian law to terminate an existing service agreement, specifying termination details and remaining obligations between parties.

find out more

Notice To Terminate Construction Contract

A formal notice under Nigerian law to terminate a construction contract, specifying the termination grounds, effective date, and required actions from parties.

find out more

Warning Letter For Breach Of Contract

A formal written notice under Nigerian law alerting a party of their contract breach and demanding remedial action while warning of potential legal consequences.

find out more

Employee Termination Form

A standardized form for employment termination in Nigeria, ensuring compliance with local labor laws while documenting the termination process and related obligations.

find out more

Voluntary Exit Letter

A formal letter accepting and documenting an employee's voluntary resignation under Nigerian law, outlining exit terms and conditions.

find out more

Termination Letter For Negligence Of Duty

A formal termination letter under Nigerian law for ending employment due to negligence of duty, including specific instances and terms of termination.

find out more

Discontinuation Of Services Letter To Employee

A formal employment termination letter compliant with Nigerian labor laws, used to officially end an employment relationship and outline separation terms.

find out more

Workers Compensation Termination Of Employment Letter

A Nigerian legal document that formalizes employment termination while addressing ongoing workers' compensation matters and entitlements under Nigerian law.

find out more

Termination Letter For Internship

A formal document used in Nigeria to officially terminate an internship arrangement, ensuring compliance with local labor laws and maintaining professional standards.

find out more

Letter Of Removal From Position

A formal notification document under Nigerian law for removing an employee from their position, including removal terms and statutory requirements.

find out more

Lease Termination By Tenant

A formal notice under Nigerian law from a tenant to a landlord declaring intention to terminate a lease agreement, including required notice periods and supporting documentation.

find out more

Breach Of Tenancy Letter

A formal notice under Nigerian law informing tenants of tenancy agreement violations and demanding specific remedial actions within set timelines.

find out more

Attendance Termination Letter

A formal notice of employment termination due to attendance violations, compliant with Nigerian Labour Law requirements.

find out more

Probation Termination Letter

A formal notice under Nigerian law terminating employment during or at the end of a probationary period, including termination terms and exit procedures.

find out more

Tenant To Landlord Lease Termination Letter

A formal lease termination notice from tenant to landlord under Nigerian law, documenting the intention to end a tenancy agreement and vacate the property.

find out more

Voluntary Resignation In Lieu Of Termination

A Nigerian law-compliant agreement template for voluntary resignation in lieu of termination, outlining separation terms and mutual obligations.

find out more

Termination Due To Abandonment Of Work

A formal termination notice under Nigerian law for cases of work abandonment, including documentation of absence and termination terms.

find out more

Termination Letter Due To Downsizing

A legally compliant termination letter template for downsizing situations under Nigerian labor law, including all required statutory elements and entitlements.

find out more

Termination Due To Non Performance

A formal contract termination notice under Nigerian law for breach of obligations through non-performance of contractual duties.

find out more

Termination Due To Lack Of Work

A legally compliant Nigerian termination letter for redundancy situations, including notice period and severance details as per Nigerian labour laws.

find out more

Termination Due To Closure Of Business

A Nigerian legal document for terminating employment due to business closure, ensuring compliance with local employment laws and regulations.

find out more

Letter For Leaving Rental House

A formal notice document used in Nigeria by tenants to inform landlords of their intention to vacate a rental property, complying with Nigerian tenancy laws.

find out more

Termination Of Contract Due To Non Performance

A Nigerian law-governed document that formally terminates a contract due to one party's failure to perform their contractual obligations.

find out more

Notice Of Lease Termination Letter

A formal notice under Nigerian law to terminate a lease agreement, containing essential termination details and compliance with federal and state tenancy regulations.

find out more

Tenancy Agreement Termination Notice

A formal notice under Nigerian law used to terminate an existing tenancy agreement, specifying termination date and property handover details.

find out more

Termination Of Rental Agreement Letter By Tenant

A formal notice document used in Nigeria by tenants to legally terminate their rental agreements, complying with Nigerian federal and state property laws.

find out more

Termination Letter Due To Financial Constraints

A Nigerian law-compliant termination letter template for ending employment due to company financial constraints, including notice period and entitlements details.

find out more

Resignation Termination Letter

A formal resignation notice compliant with Nigerian labor law, documenting an employee's intention to end their employment and specifying the termination details.

find out more

Proof Of Employment Termination

A formal Nigerian legal document confirming the termination of employment relationship, compliant with local labor laws and regulations.

find out more

Loan Application Cancellation Letter

A formal letter used in Nigerian banking to officially cancel a pending loan application, complying with local banking regulations and CBN guidelines.

find out more

Employment Verification Letter For Terminated Employee

An official employment verification document issued under Nigerian law confirming past employment details and termination status for former employees.

find out more

Failed Probationary Period Letter

A formal letter used in Nigeria to notify an employee of their unsuccessful probationary period completion and subsequent employment termination.

find out more

Dismissal Letter Due To Theft

A formal letter for immediate employment termination due to theft under Nigerian law, including incident details and termination terms.

find out more

Business Partnership Termination Letter

A formal notice under Nigerian law to terminate a business partnership, outlining dissolution terms and partner obligations.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it