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Employee Deed Of Release

Employee Deed Of Release Template for New Zealand

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Key Requirements PROMPT example:

Employee Deed Of Release

"I need an Employee Deed of Release for a mutual termination effective March 15, 2025, including standard confidentiality provisions and a positive reference letter for a senior manager leaving on good terms."

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Document background
The Employee Deed of Release is a crucial document in New Zealand employment law used when terminating employment relationships through mutual agreement or as part of a settlement. It serves as a comprehensive record of the terms agreed upon between employer and employee, typically following negotiations or mediation. The deed is particularly important in situations involving redundancy, restructuring, settlement of disputes, or agreed departures. It should comply with New Zealand employment legislation, particularly the Employment Relations Act 2000, and include clear terms regarding financial settlements, releases from claims, and ongoing obligations. The document provides certainty and protection for both parties by formally documenting the end of the employment relationship and preventing future disputes.
Suggested Sections

1. Parties: Identifies the employer and employee who are parties to the deed

2. Background: Outlines the employment relationship, reason for termination, and context for the deed

3. Definitions: Defines key terms used throughout the deed

4. Termination of Employment: States the effective termination date and confirms the end of employment

5. Settlement Payments: Details all payments to be made, including final salary, notice period, and any special payments

6. Tax Treatment: Specifies how various payments will be treated for tax purposes

7. Mutual Release: Contains mutual releases from future claims related to employment

8. Employee Acknowledgments: Employee's confirmation of understanding and agreement to terms

9. Continuing Obligations: Outlines obligations that survive termination (e.g., confidentiality)

10. Return of Property: Requirements for returning company property

11. Non-Disparagement: Mutual agreements regarding non-disparagement

12. General Provisions: Standard legal provisions including governing law, entire agreement, and severability

13. Execution: Signing provisions and attestation requirements

Optional Sections

1. References: Terms regarding the provision of employment references, if agreed

2. Garden Leave: Include if there is a garden leave period before final termination

3. Post-Employment Restrictions: Include if there are specific non-compete or non-solicitation provisions

4. Legal Advice: Confirmation of independent legal advice, particularly important for significant settlements

5. Medical Assessment: Include if termination involves medical incapacity or health-related issues

6. Outplacement Support: Details of any career transition services provided

7. Share Options/Benefits: Include if employee has company shares or options that need addressing

8. Announcement: Terms regarding internal/external communications about the departure

Suggested Schedules

1. Schedule 1 - Settlement Summary: Detailed breakdown of all settlement payments and entitlements

2. Schedule 2 - Company Property: Itemized list of company property to be returned

3. Schedule 3 - Certificate of Independent Legal Advice: Formal confirmation from legal advisor if required

4. Appendix A - Resignation Letter: Template or copy of formal resignation letter if applicable

5. Appendix B - Reference Letter: Agreed form of reference letter if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Financial Services

Technology

Healthcare

Manufacturing

Retail

Professional Services

Education

Construction

Mining

Agriculture

Transportation

Telecommunications

Energy

Media and Entertainment

Government

Non-Profit

Relevant Teams

Human Resources

Legal

Finance

Operations

Administration

Information Technology

Sales

Marketing

Research and Development

Production

Customer Service

Quality Assurance

Procurement

Health and Safety

Compliance

Relevant Roles

Chief Executive Officer

Managing Director

General Manager

Department Head

Senior Manager

Middle Manager

Team Leader

Professional Staff

Administrative Staff

Technical Specialist

Sales Representative

Operations Manager

Project Manager

Executive Assistant

Customer Service Representative

Factory Worker

Retail Staff

Construction Worker

Healthcare Professional

Teacher

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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