Termination Settlement Agreement Template for Australia

1. Post-Employment Restrictions: Include when specific post-employment obligations such as non-compete or non-solicitation provisions are required

2. Ongoing Cooperation: Used when the employee's assistance may be needed for transition, litigation, or other matters after termination

3. Reference and Announcements: Include when parties agree on specific terms for employment references or public announcements

4. Benefits Continuation: Required when certain benefits will continue post-termination

5. Equity or Share Options: Include when dealing with existing employee share schemes or equity arrangements

6. Legal Advice Certificate: Used when independent legal advice has been obtained or required

7. Dispute Resolution: Include specific dispute resolution procedures when standard court jurisdiction is not preferred

8. Resignation from Directorships: Required when the employee holds corporate director or officer positions

1. Schedule 1: Payment Calculation: Detailed breakdown of all payment components including statutory entitlements, settlement sum, and deductions

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

3. Schedule 3: Continuing Obligations: Reference to specific clauses from employment contract that survive termination

4. Appendix A: Deed of Release: Formal deed of release for additional legal protection

5. Appendix B: Certificate of Independent Legal Advice: Signed confirmation of independent legal advice if required

6. Appendix C: Resignation Letters: Template or copies of resignation letters from various positions