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1. Parties: Identification of the employer and employee, including complete legal names, addresses, and positions
2. Background: Brief history of employment relationship, including start date, position, and nature of separation
3. Definitions: Key terms used in the document including 'Release', 'Claims', 'Separation Benefits', etc.
4. Separation Details: Specific information about the termination including effective date and nature of separation
5. Settlement Amount: Details of any financial settlement, including breakdown of payments and benefits
6. Release and Waiver: Comprehensive release of claims and waiver of rights against the employer
7. Return of Company Property: Confirmation of return of all company assets, documents, and properties
8. Confidentiality: Ongoing obligations regarding confidential information and trade secrets
9. Acknowledgment: Employee's confirmation of understanding and voluntary execution of the release
10. Execution: Signature blocks and notarization requirements
1. Non-Disparagement: Mutual agreement not to make negative statements, recommended for senior positions or sensitive departures
2. Reference Agreement: Terms regarding future employment references, optional but recommended for amicable separations
3. Post-Employment Restrictions: Non-compete or non-solicitation provisions, typically for senior positions or when dealing with sensitive information
4. Benefits Continuation: Details about post-employment benefits if applicable, such as health insurance extension
5. Tax Provisions: Specific tax-related terms when settlement amounts are significant or tax implications need clarification
6. Cooperation Clause: Agreement to assist with transition or future inquiries, useful for key positions
7. Revocation Period: Time period for employee to revoke acceptance, particularly important for older employees under age discrimination laws
1. Schedule A - Financial Settlement: Detailed breakdown of all financial components including basic pay, benefits, and other entitlements
2. Schedule B - Company Property Checklist: Itemized list of company properties to be returned
3. Schedule C - Employee Benefits Summary: Summary of benefits and their status post-employment
4. Appendix 1 - Computation of Benefits: Detailed calculation of separation pay and other benefits as per Philippine Labor Code
5. Appendix 2 - Clearance Requirements: List of departmental clearances needed before final settlement
Manufacturing
Information Technology
Business Process Outsourcing
Financial Services
Retail
Healthcare
Education
Construction
Telecommunications
Hospitality
Mining
Agriculture
Maritime
Transportation
Professional Services
Human Resources
Legal
Finance
Operations
Administration
Compliance
Industrial Relations
Employee Relations
Talent Management
Compensation and Benefits
Chief Executive Officer
Managing Director
Department Manager
Supervisor
Team Leader
Software Engineer
Account Executive
Administrative Assistant
Production Worker
Sales Representative
Customer Service Representative
Finance Manager
HR Officer
Operations Manager
Project Manager
Technical Support Specialist
Marketing Coordinator
Research Analyst
Quality Control Inspector
Executive Assistant
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