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1. Parties: Identification of the employer and employee, including full legal names, addresses, and relevant identification numbers
2. Date: Effective date of the release and last working day
3. Employment Details: Brief summary of employment period, position held, and employee ID
4. Confirmation of Separation: Clear statement confirming the termination of employment relationship
5. Settlement of Dues: Detailed breakdown of final settlement including salary, benefits, and any other payments
6. Company Property: Confirmation of return of all company property, equipment, and documents
7. Release and Waiver: Mutual release of claims and obligations between parties
8. Confidentiality: Reaffirmation of ongoing confidentiality obligations
9. Execution: Signature block for both parties and witnesses
1. Non-Compete Clause: Include when the employee was in a senior position or had access to sensitive information
2. References: Include when parties agree on the nature of references to be provided
3. Outstanding Projects: Include when there are specific projects or responsibilities that need formal handover
4. Post-Employment Benefits: Include when there are continuing benefits like health insurance or retirement benefits
5. Dispute Resolution: Include when parties want to specify method for resolving any future disputes
6. Severance Package: Include when additional separation benefits are being provided
1. Schedule A - Final Settlement Calculation: Detailed breakdown of all financial settlements including salary, benefits, deductions, and taxes
2. Schedule B - Company Property Checklist: List of all company property returned by the employee
3. Schedule C - Clearance Certificates: Departmental clearance certificates from relevant departments (IT, Finance, HR, etc.)
4. Appendix 1 - Employee Benefits Summary: Summary of any continuing or terminated benefits
5. Appendix 2 - Confidential Information Definition: Detailed description of what constitutes confidential information
Manufacturing
Information Technology
Financial Services
Healthcare
Education
Retail
Telecommunications
Construction
Professional Services
Energy
Hospitality
Transportation
Agriculture
Mining
Real Estate
Human Resources
Legal
Finance
Payroll
Compliance
Administration
Employee Relations
Operations
HR Manager
Legal Counsel
Finance Manager
Department Manager
Chief Executive Officer
Chief Financial Officer
HR Executive
Payroll Manager
Compliance Officer
Administrative Officer
Operations Manager
Employee Relations Manager
HR Director
General Counsel
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