Mutual Separation Agreement Employment Template for Canada

1. Stock Options/Equity: Treatment of outstanding stock options or equity compensation, used when employee has equity-based compensation

2. Non-Competition: Restrictions on working for competitors, used when protecting business interests is crucial and reasonable given position

3. Non-Solicitation: Restrictions on soliciting employees or customers, used when protecting business relationships is important

4. Outplacement Services: Provision of career transition services, used when included in separation package

5. Cooperation in Litigation: Agreement to assist with ongoing or future legal matters, used when employee had significant role or knowledge

6. Disability Accommodation: Special provisions related to disability, used when separation involves medical conditions

7. Immigration Status: Implications for work permits or immigration status, used for foreign workers

8. Reaffirmation of Prior Agreements: Continuation of specific previous contractual obligations, used when prior agreements should survive

9. Training Cost Repayment Waiver: Waiver of training cost clawback provisions, used when existing contract includes such provisions

1. Schedule A - Severance Calculation: Detailed breakdown of severance payment calculation

2. Schedule B - Benefits Summary: Detailed list of benefits and their continuation periods

3. Schedule C - Company Property Checklist: List of company property to be returned

4. Schedule D - Release of Claims: Detailed release language and specific claims being released

5. Schedule E - Outstanding Equity Details: Summary of stock options or other equity compensation treatment

6. Appendix 1 - Reference Letter: Agreed form of reference letter

7. Appendix 2 - Announcement Template: Approved internal/external communication regarding departure