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Early Termination Of Employment Contract
"I need an Early Termination of Employment Contract for a senior software engineer who will be leaving due to restructuring, with a tHRee-month notice period starting March 1, 2025, including non-compete clauses and garden leave provisions."
1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Reference to original employment contract, current employment status, and mutual agreement to terminate early
3. Definitions: Key terms used tHRoughout the agreement including 'Termination Date', 'Final Payment', 'Company Property'
4. Termination Date: Specification of the agreed last day of employment and notice period details
5. Final Payment Terms: Details of salary, pro-rated bonuses, leave encashment, and other financial entitlements
6. Company Property: Obligations regarding return of all company assets, documents, and data
7. Confidentiality: Ongoing obligations to maintain confidentiality of company information
8. Signing Block: Execution provisions including date and signature spaces for both parties
1. Garden Leave: Provisions for employee to serve notice period away from workplace while remaining on payroll
2. Non-Compete Clause: Restrictions on future employment with competitors for a specified period and geography
3. Reference Provision: Terms regarding the provision of employment references and agreed communication about departure
4. Release and Waiver: Mutual release of claims and waiver of rights to future legal action
1. Schedule 1: Payment Calculation: Detailed breakdown of final payment including salary, benefits, and deductions
2. Schedule 2: Company Property List: Itemized list of company assets and materials to be returned by employee
3. Schedule 3: Continuing Obligations: Specific obligations that survive termination including confidentiality and non-compete terms
4. Appendix A: Original Employment Contract: Copy of the original employment agreement for reference
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