Severance Settlement Agreement Template for Canada

1. Non-Competition: Restrictions on working for competitors, used when employee had access to sensitive information or high-level position

2. Non-Solicitation: Restrictions on soliciting employees or customers, used when employee had significant client or staff relationships

3. Equity Compensation: Treatment of stock options or other equity-based compensation, included if employee participated in such programs

4. Outplacement Services: Details of career transition support, included if part of severance package

5. Pension Considerations: Special provisions regarding pension benefits, included for long-term employees or special pension arrangements

6. Cooperation in Transition: Terms for employee assistance in transition period, used when knowledge transfer is important

7. Immigration Status: Provisions regarding work permits or immigration status, included for foreign workers

8. Intellectual Property: Specific provisions regarding IP rights, used when employee was involved in creative or technical work

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

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

3. Schedule C - Company Property: Itemized list of company property to be returned

4. Schedule D - Reference Letter: Agreed form of reference letter

5. Schedule E - Release: Detailed release of claims document

6. Appendix 1 - Confidential Information: Detailed description of confidential information covered by agreement

7. Appendix 2 - Outstanding Obligations: List of any remaining obligations between parties