Termination Full And Final Release Template for United Arab Emirates

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Key Requirements PROMPT example:

Termination Full And Final Release

"I need a Termination Full and Final Release agreement under UAE law for a senior executive who is resigning amicably from my technology company effective March 15, 2025, including provisions for share options and continued health insurance coverage for 3 months."

Document background

The Termination Full and Final Release agreement is a crucial document used in the United Arab Emirates when concluding an employment relationship, whether through resignation, mutual agreement, or unilateral termination. It serves as a comprehensive settlement instrument that complies with UAE Federal Law No. 33 of 2021 and related employment regulations. The document is designed to protect both employer and employee interests by clearly documenting all final payments, benefits, and obligations while securing mutual releases from future claims. It typically includes calculations of end of service gratuity, leave encashment, and other entitlements under UAE law, along with provisions addressing confidentiality, non-competition (if applicable), and return of company property. This agreement is particularly important in the UAE context where employment relationships are heavily regulated and formal documentation of settlements is crucial for legal certainty.

Suggested Sections

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

2. Background: Brief history of employment relationship, reference to employment contract, and context of termination

3. Definitions: Key terms used in the agreement including 'Claims', 'Effective Date', 'Final Settlement Amount'

4. Termination Date: Clear statement of the employment termination date and final working day

5. Final Settlement Amount: Detailed breakdown of all payments including salary, end of service gratuity, leave encashment, and any other entitlements

6. Payment Terms: Timeline and method of payment for the final settlement amount

7. Release and Waiver: Comprehensive release of all claims by employee against employer and group companies

8. Company Property: Obligation to return all company property, documents, and data

9. Confidentiality: Ongoing obligations regarding confidential information

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and UAE courts' jurisdiction

Optional Sections

1. Non-Competition and Non-Solicitation: Include if the original employment contract contained these provisions and they are to continue

2. Reference: Include if parties agree on the content and format of employment references

3. Tax Indemnity: Include for expatriate employees or if tax implications need to be addressed

4. Continuation of Benefits: Include if any benefits (like medical insurance) will continue post-termination

5. Legal Advice: Include if employee has received independent legal advice on the agreement

6. Visa and Immigration: Include for expatriate employees requiring visa cancellation and repatriation

7. Share Options/Awards: Include if employee participated in any share schemes or long-term incentive plans

Suggested Schedules

1. Schedule 1 - Payment Calculation: Detailed calculation of all payment components including basic salary, allowances, gratuity, and other benefits

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

3. Schedule 3 - Surviving Obligations: List of obligations from employment contract that survive termination

4. Appendix A - Original Employment Contract: Copy of the employment contract and any amendments

5. Appendix B - Resignation Letter: If applicable, copy of employee's resignation letter

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 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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Banking and Financial Services

Technology

Real Estate and Construction

Healthcare

Retail and Consumer

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Manufacturing

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Human Resources

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Finance

Operations

Administration

Compliance

Risk Management

Internal Audit

Information Technology

Sales

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Customer Service

Research and Development

Procurement

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Chief Executive Officer

Managing Director

General Manager

Department Head

Senior Manager

Manager

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Executive

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Coordinator

Specialist

Analyst

Administrator

Technical Staff

Sales Representative

Customer Service Representative

Professional Staff

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Mutual Release Agreement Of Purchase And Sale

A UAE law-governed agreement that enables parties to mutually release each other from claims related to a previous purchase and sale transaction.

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Let's create your Termination Full And Final Release

Authors

Alex Denne

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