Employee Release Agreement

Employee Release Agreement Template for New Zealand

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Employee Release Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need an Employee Release Agreement for a technical staff redundancy effective March 15, 2025, with standard confidentiality terms and a 3-month non-compete clause for the Auckland region."

Document background

The Employee Release Agreement is a crucial document used in New Zealand employment law contexts when formalizing the end of an employment relationship through mutual agreement or as part of a negotiated exit. It serves as a comprehensive settlement document that addresses all aspects of the employment termination, including financial terms, statutory entitlements, and ongoing obligations. The agreement must comply with New Zealand's Employment Relations Act 2000, Privacy Act 2020, and other relevant legislation. It is typically used in situations involving redundancy, negotiated exits, or the resolution of employment disputes. The document provides legal protection for both parties by clearly defining the terms of separation and including mutual releases of claims, while ensuring that statutory rights that cannot be contracted out of are preserved.

Suggested Sections

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

2. Background: Outlines the employment relationship, reason for separation, and context for the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Termination Date: Specifies the official end date of employment

5. Settlement Payment: Details the settlement amount and payment terms

6. Final Entitlements: Outlines calculation and payment of final salary, holiday pay, and other statutory entitlements

7. Tax Treatment: Specifies tax handling of various payment components

8. Release and Waiver: Contains the mutual release of claims and exceptions to the release

9. Confidentiality: Outlines confidentiality obligations regarding the agreement and employment

10. Non-Disparagement: Mutual obligations to refrain from making disparaging statements

11. Return of Property: Requirements for returning company property

12. Continuing Obligations: Identifies obligations that survive employment termination

13. General Provisions: Standard contractual terms including governing law, entire agreement, and amendments

Optional Sections

1. Garden Leave: Used when employee is placed on paid leave during notice period

2. Reference: Include when agreed form of reference is part of settlement

3. Post-Employment Restrictions: Used when new or existing restraints of trade apply

4. Outplacement Support: Include when outplacement services are part of the package

5. Share Options/Benefits: Used when addressing treatment of existing share schemes or benefits

6. Legal Costs: Include when employer is contributing to employee's legal costs

7. Announcement: Used when parties agree on specific internal/external communications

8. Future Cooperation: Include when ongoing assistance may be needed for handover or litigation

Suggested Schedules

1. Schedule 1 - Payment Calculations: Detailed breakdown of settlement payment and final entitlements

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

3. Schedule 3 - Continuing Obligations: Copy of relevant clauses from employment agreement that survive termination

4. Schedule 4 - Agreed Reference: Form of agreed reference letter if applicable

5. Schedule 5 - Post-Employment Restrictions: Detailed non-compete and non-solicitation terms if applicable

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services

Technology

Manufacturing

Retail

Professional Services

Healthcare

Education

Construction

Hospitality

Mining

Agriculture

Transportation

Telecommunications

Energy

Media and Entertainment

Relevant Teams

Human Resources

Legal

Finance

Operations

Sales

Marketing

Information Technology

Research and Development

Customer Service

Administration

Product Development

Business Development

Corporate Affairs

Risk and Compliance

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Department Manager

Senior Manager

Team Leader

Project Manager

Sales Representative

Software Developer

Account Manager

Operations Manager

Human Resources Manager

Marketing Manager

Financial Analyst

Administrative Assistant

Customer Service Representative

Technical Specialist

Research Scientist

Business Development Manager

Executive Assistant

Find the exact document you need

Release Waiver Of Liability

A New Zealand-compliant liability waiver document that enables risk management while respecting NZ legal requirements including ACC provisions.

tiktok���˰�

How tiktok���˰� reduced drafting time by 75% for a legal firm

Let's create your Employee Release Agreement

Authors

Alex Denne

Find the exact document you need

Release Waiver Of Liability

Non Compete Release Form

Model Release Agreement

General Release

Handyman Waiver Form

Use Of Likeness Agreement

Waiver Of Claims Agreement

Debt Waiver Agreement

Agreement Not To Sue

Simple Waiver Of Liability Form

Talent Release Agreement

Release Of Confidentiality Form

Lease Release Form

Early Tenancy Termination Letter

Construction Waiver Of Liability Form

Housing Contract Termination Letter

Settlement Agreement No Further Claims

Release Of Marital Agreement Form

Confidential Settlement Agreement And Release

Confidential Release Agreement

Settlement Release Agreement

Confidential Settlement Agreement And General Release

Non Liability Contract

Shareholder Release Agreement

Termination Waiver Agreement

Contractor Waiver Of Liability Form

Agreement Property Damage Release Form

Mutual Release Form

Tenancy Release Form

Waiver Of Responsibility Form

Contract Release Form

Mutual Rescission And Release Agreement

Mutual Release Of Claims

Medical Waiver Of Liability Form

Employee Release Agreement

Agreement And General Release

Release Of Debt Agreement

Mutual Release And Settlement Agreement

General Release Agreement

Settlement Agreement And Release

Mutual Release Agreement

Release Of Claims Agreement

General Release Of Liability Form

Agreement And Release

Separation And Release Agreement

Non Liability Agreement

Location Release Form

Download our whitepaper on the future of AI in Legal

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Use Cases

tiktok��˰�

How tiktok��˰� reduced drafting time by 75% for a legal firm

�ұ�Ծ��’s Security Promise