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End Of Service Agreement
"I need an End of Service Agreement for our Chief Technology Officer who is voluntarily resigning effective March 15, 2025, including provisions for handover of ongoing projects and treatment of unvested stock options."
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Brief history of employment relationship, reason for termination, and purpose of the agreement
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Effective Date of Termination: Clear statement of when employment relationship ends
5. Final Payment and Benefits: Details of salary, allowances, and statutory payments due
6. EPF and Social Security Settlements: Arrangements for final contributions and settlements of mandatory benefits
7. Company Property: Requirements for return of company assets and documents
8. Confidentiality Obligations: Ongoing duties regarding confidential information
9. Full and Final Settlement: Mutual release of claims and acknowledgment of settlement
10. Governing Law: Specification of Malaysian law as governing law
11. Execution: Signature blocks and execution formalities
1. Non-Compete Clause: Restrictions on future employment - use for senior positions or when dealing with sensitive information
2. Non-Solicitation: Restrictions on approaching company clients or employees - relevant for client-facing roles
3. Post-Employment References: Agreement on how future employment references will be handled
4. Continuing Medical Benefits: Extended medical coverage terms if applicable
5. Share Options/Long-Term Incentives: Treatment of outstanding share options or long-term incentives - for employees with such benefits
6. Legal Fees: Agreement on payment of legal fees for document preparation - typically for senior executives
7. Tax Indemnity: Tax-related provisions and indemnities - for complex compensation packages
8. Retirement Benefits: Special provisions for retirement cases
9. Outplacement Support: Terms of any career transition support - typically for redundancy situations
1. Schedule 1 - Payment Calculation: Detailed breakdown of final payment including salary, notice pay, and statutory benefits
2. Schedule 2 - Company Property Inventory: List of company assets to be returned
3. Schedule 3 - Outstanding Benefits: Details of any pro-rated bonuses, leave encashment, or other benefits
4. Schedule 4 - Confidential Information: Specific list of confidential information and materials covered
5. Appendix A - Statutory Declaration: Standard form statutory declaration if required by local law
6. Appendix B - Release Form: Detailed release of claims form
7. Appendix C - Benefits Continuation Schedule: Timeline and details of any continuing benefits post-termination
Authors
Manufacturing
Financial Services
Technology
Healthcare
Retail
Professional Services
Education
Telecommunications
Construction
Energy
Hospitality
Transportation and Logistics
Agriculture
Mining and Resources
Real Estate
Human Resources
Legal
Finance
Operations
Administration
Information Technology
Sales
Marketing
Research and Development
Production
Quality Assurance
Customer Service
Procurement
Logistics
Corporate Affairs
Chief Executive Officer
Managing Director
General Manager
Department Head
Senior Manager
Manager
Executive
Officer
Supervisor
Administrator
Specialist
Analyst
Engineer
Sales Representative
Technical Support Staff
Operations Staff
Clerical Staff
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