End Of Service Contract Template for Hong Kong

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Key Requirements PROMPT example:

End Of Service Contract

"I need an End of Service Contract for a senior technology executive in Hong Kong who will be leaving on March 15, 2025, with provisions for ongoing consultancy work and handling of unvested stock options."

Document background
An End of Service Contract is a crucial document used in Hong Kong employment relationships when formalizing the termination of employment, whether through mutual agreement, resignation, or dismissal. This document is essential for protecting both employer and employee interests by clearly documenting all aspects of the separation, including statutory entitlements under Hong Kong law, final payments, treatment of benefits, and ongoing obligations. It helps prevent future disputes by providing a comprehensive record of the agreed terms and ensures compliance with Hong Kong employment legislation, particularly the Employment Ordinance (Cap. 57) and related regulations. The agreement is typically used for permanent employees at all levels and becomes particularly important for senior executives or employees with access to confidential information or significant company resources.
Suggested Sections

1. Parties: Identification of the employer and employee entering into the end of service agreement

2. Background: Brief overview of the employment relationship and context of termination

3. Definitions: Key terms used throughout the agreement

4. Termination Date: Specific date when employment relationship ends

5. Final Payment: Details of all final payments including salary, unused leave, and statutory entitlements

6. Company Property: Requirements for return of company property and documents

7. Confidentiality Obligations: Ongoing obligations regarding confidential information

8. Mutual Release: Release of claims between parties

9. Tax Implications: Statement regarding tax treatment of payments

10. Governing Law: Confirmation of Hong Kong law governing the agreement

11. Entire Agreement: Clause confirming this document represents the complete agreement between parties

Optional Sections

1. Post-termination Restrictions: Non-compete and non-solicitation clauses, if applicable to the employee's role

2. Reference Provision: Terms regarding the provision of employment references

3. Outplacement Support: Details of any career transition services offered

4. Share Options/Awards: Treatment of outstanding share options or equity awards

5. Medical Benefits Extension: Continuation of medical benefits, if offered

6. Legal Fees: Agreement to contribute to employee's legal fees for reviewing the agreement

7. Garden Leave: Terms of any garden leave period before final termination

8. Announcement: Agreed form of internal/external announcement regarding departure

Suggested Schedules

1. Schedule 1 - Payment Calculation: Detailed breakdown of all final payments and entitlements

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

3. Schedule 3 - Confidential Information: Specific details of confidential information covered by ongoing obligations

4. Appendix A - Resignation Letter: Form of resignation letter to be signed by employee

5. Appendix B - Certificate of Service: Standard form of employment certificate

6. Appendix C - Benefits Summary: Summary of any continuing benefits or benefit conversions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Financial Services

Technology

Professional Services

Manufacturing

Retail

Healthcare

Education

Real Estate

Construction

Hospitality

Telecommunications

Transportation

Energy

Media and Entertainment

Relevant Teams

Human Resources

Legal

Finance

Operations

Administration

Compliance

Corporate Secretarial

Risk Management

Information Technology

Sales

Marketing

Customer Service

Research and Development

Production

Quality Assurance

Relevant Roles

Chief Executive Officer

Managing Director

Department Head

Senior Manager

Manager

Executive

Senior Associate

Associate

Administrator

Supervisor

Team Leader

Senior Officer

Officer

Coordinator

Specialist

Analyst

Director

Vice President

Regional Manager

Country Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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