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Mutual Termination Of Employment Letter
1. Date and Address Block: Current date and full contact details of both employer and employee
2. Subject Line: Clear indication that this is a mutual termination of employment letter
3. Opening Statement: Reference to previous discussions and confirmation of mutual agreement to terminate
4. Termination Date: Clear statement of the last day of employment
5. Final Salary and Benefits: Details of final salary payment, including any pro-rata calculations
6. Holiday Pay Settlement: Calculation and payment terms for any accrued but unused holiday pay
7. Company Property: List of company property to be returned and deadline for return
8. Final Clearance: Process for final clearance and handover of responsibilities
9. Acknowledgment: Statement confirming mutual agreement and understanding of terms
10. Signatures: Space for both parties to sign and date the letter
1. Severance Payment: Include when additional severance pay beyond statutory requirements is being offered
2. Ongoing Projects Handover: When employee is involved in critical projects requiring formal handover
3. Reference Letter: When employer agrees to provide a reference letter or recommendation
4. Non-Compete/Non-Solicitation: When existing restrictions need to be referenced or modified
5. Confidentiality Obligations: When specific reminder of ongoing confidentiality obligations is needed
6. Benefits Continuation: When certain benefits will continue beyond termination date
7. Release Clause: When mutual release of claims is being included
8. Tax Treatment: When special tax considerations need to be addressed
1. Final Payment Calculation: Detailed breakdown of final salary, holiday pay, and any additional payments
2. Company Property List: Itemized list of company property to be returned
3. Project Status Report: Summary of ongoing projects and their status for handover purposes
4. Benefits Summary: Details of any benefits continuation or termination
Authors
Termination Date
Final Payment
Holiday Pay Settlement
Company Property Return
Confidentiality
Data Protection
Non-Competition
Non-Solicitation
Final Release
Reference Provision
Tax Implications
Pension Arrangements
Benefits Termination
Outstanding Expenses
Professional Secrecy
Handover Requirements
Full and Final Settlement
Governing Law
Acknowledgment and Agreement
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