Contract Separation Agreement Template for Australia

1. Post-Employment Restrictions: Non-compete and non-solicitation clauses, typically included for senior employees or those with access to sensitive information

2. Intellectual Property Rights: Specific provisions for IP created during employment, necessary for technical or creative roles

3. Ongoing Assistance: Requirements for employee to assist with handover or future inquiries, useful for key positions

4. Reference and Announcement: Agreement on how departure will be communicated and nature of references

5. Share Options/Benefits: Treatment of unvested equity or long-term incentives, relevant for employees with such benefits

6. Legal Advice: Acknowledgment of receiving independent legal advice, recommended for complex agreements or senior positions

7. Garden Leave: Terms of any garden leave period, applicable when employee is to remain employed but not attend work

8. Outplacement Support: Details of any career transition services provided, common for redundancy situations

1. Schedule 1 - Payment Calculation: Detailed breakdown of all payments including salary, leave entitlements, bonuses, and statutory payments

2. Schedule 2 - Company Property Register: List of all company assets to be returned including technology, documents, and access cards

3. Schedule 3 - Continuing Obligations: Summary of ongoing obligations from employment contract that survive termination

4. Schedule 4 - Employee Benefits: Details of any continuing benefits or insurance coverage post-termination

5. Appendix A - Deed of Release: Formal release of claims document to be executed separately

6. Appendix B - Certificate of Independent Legal Advice: Confirmation of legal advice received by employee