Mutual Separation Agreement Letter Template for Malaysia

1. Non-Competition: Restrictions on working for competitors, used for senior positions or when dealing with sensitive information

2. Non-Solicitation: Restrictions on approaching company clients or employees, typically for sales or senior roles

3. Intellectual Property Rights: Specific provisions for intellectual property created during employment, relevant for technical or creative roles

4. Reference Letter: Terms regarding the provision of employment references

5. Medical Benefits Extension: Continuation of medical benefits post-separation, if applicable

6. Share Options/Awards: Treatment of outstanding share options or awards, for employees in share schemes

7. Outplacement Support: Details of any career transition support provided, typically for senior roles

8. Garden Leave: Terms of any garden leave period before final separation

1. Schedule A - Payment Calculation: Detailed breakdown of all payment components including basic salary, notice period, statutory benefits, and other entitlements

2. Schedule B - Company Property List: Itemized list of company property to be returned including equipment, documents, and access cards

3. Schedule C - Benefits Summary: Details of benefits continuation or termination including insurance, medical coverage, and other perks

4. Appendix 1 - Handover Checklist: List of tasks, documents, and responsibilities to be handed over before departure

5. Appendix 2 - Exit Procedures: Step-by-step process for completing the separation including final clearance requirements