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Termination Of Employment Contract
"I need a Termination of Employment Contract under Saudi Arabian law for a mutual separation agreement with our Chief Technology Officer, including enhanced severance package and extended health benefits until March 2025, while ensuring strong confidentiality and IP protection provisions."
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Reference to the original employment contract, date of commencement, and current position
3. Definitions: Key terms used in the termination agreement
4. Termination Date: Clear statement of the effective date of termination
5. Notice Period: Details of notice period or payment in lieu of notice
6. Final Settlement: Breakdown of final payments including salary, end-of-service benefits, and other entitlements
7. Company Property: Requirements for return of company property and documents
8. Confidentiality: Ongoing obligations regarding confidential information
9. Full and Final Settlement: Confirmation that the settlement represents full and final settlement of all claims
10. Governing Law: Confirmation of Saudi Law application and jurisdiction
11. Execution: Signature blocks and execution details
1. Gardening Leave: Used when employee is required to serve notice period away from work
2. Non-Compete Obligations: Include if original contract contained non-compete clauses that survive termination
3. Additional Severance: Used when offering payments beyond statutory requirements
4. Handover Requirements: Detailed handover process for senior positions or critical roles
5. Reference Provision: Terms regarding future employment references
6. Post-Termination Assistance: Include if employee needs to provide assistance after departure
7. Benefits Continuation: Used when certain benefits will continue post-termination
8. Visa and Sponsorship: Required for expatriate employees regarding visa cancellation and repatriation
1. Schedule 1 - Final Settlement Calculation: Detailed breakdown of all financial elements including salary, benefits, and end-of-service awards
2. Schedule 2 - Company Property Register: List of all company property to be returned
3. Schedule 3 - Outstanding Obligations: List of any outstanding obligations or tasks to be completed
4. Appendix A - Handover Checklist: Detailed checklist for handover of responsibilities and documents
5. Appendix B - Confidential Information Summary: Summary of confidential information handled during employment
Authors
Banking & Finance
Technology
Manufacturing
Retail
Healthcare
Construction
Education
Professional Services
Energy & Resources
Telecommunications
Real Estate
Hospitality
Transportation & Logistics
Government & Public Sector
Human Resources
Legal
Finance
Operations
Administration
Compliance
Management
Executive Leadership
Chief Executive Officer
Managing Director
Department Manager
Senior Executive
Professional Staff
Administrative Assistant
Technical Specialist
Sales Representative
Project Manager
Operations Manager
Human Resources Manager
Financial Controller
General Counsel
Department Head
Executive Assistant
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