Document background
The Employee Exit Agreement serves as a crucial document in Canadian employment law, used when an employment relationship is being terminated either through mutual agreement, resignation, or termination without cause. This agreement is essential for protecting both employer and employee interests by clearly documenting the terms of separation, including financial arrangements, continuing obligations, and legal releases. It must comply with both federal labor standards and provincial employment legislation, which can vary by jurisdiction. The document typically becomes necessary during corporate restructuring, voluntary departures, or negotiated exits, and helps prevent future disputes by clearly outlining all aspects of the separation. Key considerations include severance calculations according to Canadian standards, benefit continuations, and specific provisions required by provincial labor laws.
