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Employee Resignation Agreement
"I need an Employee Resignation Agreement for a senior executive in the financial services sector in Australia, including provisions for complex bonus structures, garden leave period until March 2025, and post-employment restraints for the APAC region."
1. Parties: Identifies and defines the employer and employee who are parties to the agreement
2. Background: Outlines the context of the employment relationship and the decision to resign
3. Definitions: Defines key terms used throughout the agreement
4. Resignation Details: Specifies the effective date of resignation and notice period details
5. Final Payment: Details the calculation and components of the final payment, including salary, leave entitlements, and other benefits
6. Return of Company Property: Lists company property to be returned and the process for return
7. Confidentiality Obligations: Reaffirms ongoing confidentiality obligations post-employment
8. Mutual Release: Contains mutual releases from claims and liabilities
9. Governing Law: Specifies that the agreement is governed by Australian law
10. Execution: Signature blocks and execution details for both parties
1. Post-Employment Restrictions: Include when there are non-compete or non-solicitation obligations to be maintained
2. References: Include when agreed arrangements for future employment references need to be documented
3. Ongoing Projects Handover: Include when there are specific projects or responsibilities requiring formal handover
4. Garden Leave: Include when the employee will be placed on garden leave during the notice period
5. Incentive Payments: Include when addressing outstanding bonus, commission, or other incentive payments
6. Legal Advice: Include when acknowledging that parties have had the opportunity to seek independent legal advice
7. Intellectual Property: Include when there are specific IP rights or obligations to address
8. Social Media: Include when specific social media obligations or restrictions need to be addressed
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payment components including salary, leave entitlements, and deductions
2. Schedule 2 - Company Property Register: Itemized list of company property to be returned
3. Schedule 3 - Ongoing Obligations: Detailed list of continuing obligations post-employment
4. Appendix A - Handover Plan: Detailed plan for transitioning responsibilities and ongoing projects
5. Appendix B - Reference Template: Agreed format and content for future employment references if applicable
Authors
Financial Services
Technology
Healthcare
Manufacturing
Retail
Professional Services
Education
Mining
Construction
Telecommunications
Government
Non-Profit
Agriculture
Transport and Logistics
Media and Entertainment
Human Resources
Legal
Finance
Operations
Information Technology
Sales
Marketing
Research and Development
Customer Service
Administration
Executive Leadership
Product Development
Quality Assurance
Business Development
Chief Executive Officer
Chief Financial Officer
Department Manager
Senior Executive
HR Director
Legal Counsel
Project Manager
Software Developer
Sales Representative
Account Manager
Operations Manager
Administrative Assistant
Marketing Manager
Financial Analyst
Research Scientist
Technical Lead
Customer Service Representative
Business Development Manager
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