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Employee Exit Agreement

Employee Exit Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Employee Exit Agreement

"I need an Employee Exit Agreement for a senior software developer who is resigning amicably on March 1, 2025, with standard confidentiality terms and a 6-month non-compete clause in Saudi Arabia."

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Document background
The Employee Exit Agreement is a crucial document used in Saudi Arabia when formally terminating an employment relationship, whether through mutual agreement, resignation, or termination by the employer. This agreement serves as a comprehensive record of the separation terms, ensuring compliance with Saudi Labor Law while protecting both parties' interests. It typically includes provisions for final settlements, end of service benefits calculation as per Saudi regulations, confidentiality obligations, and mutual releases. The document is essential for proper documentation of employment termination, helping prevent future disputes and ensuring all statutory requirements are met. It should be drafted in accordance with the latest amendments to Saudi Labor Law and any relevant Ministry of Human Resources and Social Development (MHRSD) regulations.
Suggested Sections

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

2. Background: Brief description of the employment relationship, including start date, position, and mutual agreement to terminate

3. Definitions: Key terms used throughout the agreement, including 'Termination Date', 'Final Settlement', 'End of Service Benefits', etc.

4. Termination of Employment: Formal statement of employment termination, specifying the last working day and immediate effects

5. Final Settlement: Details of all financial entitlements including salary, end of service benefits, and other payments

6. Company Property: Requirements for returning company property, documents, and access credentials

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

8. Release of Claims: Mutual release of claims and waiver of rights, subject to the agreement's terms

9. Governing Law and Jurisdiction: Confirmation of Saudi Law application and jurisdiction for disputes

10. Entire Agreement: Statement that this agreement represents the complete understanding between parties

11. Execution: Signature blocks and execution requirements

Optional Sections

1. Non-Compete Obligations: Post-employment competitive restrictions, used when the employee had access to sensitive business information

2. Special Severance Package: Additional benefits beyond statutory requirements, used in cases of voluntary separation packages or redundancy

3. Handover Requirements: Detailed transition requirements, used for senior positions or roles with significant responsibilities

4. Post-Termination Assistance: Terms for any required assistance after termination, used when ongoing support might be needed

5. Reference Provision: Terms regarding future employment references, used when agreed as part of the exit package

6. Continuing Obligations: Any ongoing duties or benefits that survive termination, used for specific long-term commitments

7. Medical Insurance Extension: Terms for extending medical coverage, used when offering post-employment health benefits

Suggested Schedules

1. Schedule 1 - Final Settlement Calculation: Detailed breakdown of all financial entitlements including basic salary, allowances, and statutory benefits

2. Schedule 2 - End of Service Benefits Calculation: Detailed calculation of end of service benefits as per Saudi Labor Law

3. Schedule 3 - Company Property List: Itemized list of company property to be returned

4. Schedule 4 - Outstanding Loans and Deductions: List of any outstanding loans or amounts to be deducted from final settlement

5. Appendix A - Handover Checklist: Detailed checklist of tasks and documents to be handed over before departure

6. Appendix B - Confidential Information Definition: Detailed description 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

alex.den.21@genieai.co
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Relevant Industries

Banking & Financial Services

Technology

Manufacturing

Retail

Healthcare

Education

Construction

Oil & Gas

Professional Services

Telecommunications

Hospitality

Real Estate

Transportation & Logistics

Mining

Media & Entertainment

Relevant Teams

Human Resources

Legal

Finance

Payroll

Compliance

Operations

Information Technology

Administration

Security

Facilities Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Human Resources Director

Department Manager

Senior Executive

Project Manager

Technical Specialist

Sales Representative

Administrative Staff

Operations Manager

Financial Analyst

Software Developer

Marketing Manager

Account Manager

Research Scientist

Legal Counsel

Production Supervisor

Customer Service Representative

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

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