Document background
The Severance Package Letter is a crucial document used when terminating an employment relationship in Nigeria, whether through redundancy, retirement, or mutual agreement. It serves as an official record of the termination terms and conditions, ensuring compliance with Nigerian labour laws and regulations. The document typically follows internal company policies while adhering to statutory requirements under the Nigerian Labour Act and Employee Compensation Act. It outlines the complete severance package, including monetary compensation, benefits continuation, statutory entitlements, and any additional considerations specific to the employee's position or length of service. The letter also addresses important aspects such as confidentiality obligations, company property return, and full and final settlement terms. This document is essential for protecting both employer and employee interests and preventing future disputes regarding termination terms.
