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Final Pay Letter To Employee Template for Hong Kong

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Key Requirements PROMPT example:

Final Pay Letter To Employee

"I need a Final Pay Letter To Employee for a senior executive in Hong Kong who is resigning voluntarily effective March 15, 2025, with unvested share options and an outstanding company loan to be addressed."

Document background
The Final Pay Letter To Employee is a crucial document required when employment relationships conclude in Hong Kong. It must be prepared in accordance with the Hong Kong Employment Ordinance and related legislation, serving as the definitive record of all final payments and settlements between employer and employee. This document is typically issued following resignation, termination, or mutual separation, and must be provided within 7 days of the employment cessation. The letter encompasses various elements including final salary calculations, pro-rated bonuses, unused leave payments, MPF arrangements, and any statutory payments such as severance or long service payment where applicable. It also addresses practical matters such as the return of company property and tax documentation requirements. The document plays a vital role in ensuring clear communication and legal compliance while protecting both parties' interests in the employment separation process.
Suggested Sections

1. Letter Header and Date: Company letterhead, date, and reference number

2. Employee Details: Full name, employee ID, position, and department of the employee

3. Last Day of Employment: Confirmation of the final working day and effective termination date

4. Basic Final Payment Components: List of standard payment items including final salary, pro-rated salary, and unused annual leave payment

5. Statutory Payments: Any applicable statutory payments such as severance pay or long service payment

6. Mandatory Provident Fund: Details of final MPF contributions and arrangements

7. Payment Method and Timing: Information about how and when the final payment will be made

8. Tax Documentation: Information about IR56F form and tax reporting

9. Company Property Return: List of company property to be returned

10. Contact Information: Details of whom to contact for queries

11. Acknowledgment: Space for employee signature and date to acknowledge receipt

Optional Sections

1. Outstanding Loans/Advances: Section addressing any outstanding loans or salary advances to be settled

2. Pro-rated Bonus Payment: Details of any pro-rated bonus entitlements if applicable

3. Share Options/Awards: Information about outstanding share options or awards if applicable

4. Post-termination Obligations: Reminder of any continuing obligations such as confidentiality or non-compete

5. Medical Benefits Extension: Details of any post-employment medical benefits coverage

6. Exit Interview: Information about exit interview arrangements if not yet conducted

7. Reference Letter: Information about provision of reference letter if agreed

Suggested Schedules

1. Schedule A - Payment Calculation Breakdown: Detailed calculations of all payment components

2. Schedule B - Outstanding Claims Statement: List of any pending expense claims or reimbursements

3. Schedule C - Company Property Checklist: Detailed list of company property to be returned with current status

4. Schedule D - Benefits Settlement Summary: Breakdown of any benefits-related settlements or transfers

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


























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Relevant Industries

Banking and Financial Services

Technology

Manufacturing

Retail

Healthcare

Education

Professional Services

Construction

Hospitality

Media and Entertainment

Telecommunications

Real Estate

Transportation and Logistics

Energy and Utilities

Non-profit Organizations

Insurance

Government and Public Sector

Relevant Teams

Human Resources

Payroll

Finance

Legal

Compliance

Employee Relations

Corporate Secretarial

Operations

Relevant Roles

Human Resources Director

HR Manager

Payroll Manager

Finance Director

Chief Financial Officer

HR Business Partner

Compensation and Benefits Manager

HR Operations Manager

Legal Counsel

Company Secretary

HR Administrator

Payroll Officer

Finance Manager

HR Generalist

Employee Relations 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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