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1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Brief overview of the employment relationship, circumstances leading to the agreement, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Specification of the employment termination date and employment status
5. Settlement Payments: Details of all payments to be made, including statutory and ex-gratia payments
6. Tax Treatment: Clear statement of the tax treatment of various payment components
7. Employee Obligations: Employee's commitments including return of company property and confidentiality obligations
8. Employer Obligations: Employer's commitments including payment terms and reference provisions
9. Release and Waiver: Mutual release of claims and specific waivers of statutory rights
10. Confidentiality: Terms regarding confidentiality of the agreement and settlement terms
11. Legal Advice: Confirmation that the employee has received independent legal advice
12. Entire Agreement: Clause confirming this agreement supersedes all previous agreements
13. Governing Law: Specification that Hong Kong law governs the agreement
14. Execution: Signature blocks and execution formalities
1. Post-termination Restrictions: Restatement or modification of existing post-termination restrictions, used when there are existing restrictive covenants to be preserved or modified
2. Outplacement Support: Details of any career transition or outplacement support offered, included when such support is part of the settlement package
3. Share Options/Awards: Treatment of existing share options or awards, required when the employee has outstanding equity-based compensation
4. Medical Insurance Extension: Terms for extending medical benefits post-termination, included when continued healthcare coverage is part of the settlement
5. Reference Provision: Specific terms regarding employment references, used when detailed reference arrangements are agreed
6. Announcement: Agreed internal/external communications about the departure, included when parties agree on specific communication terms
7. Garden Leave: Terms of any garden leave period, included when there is a period between agreement and termination date
8. Legal Costs: Terms regarding payment of legal costs for reviewing the agreement, included when employer agrees to cover legal fees
1. Schedule 1 - Payment Breakdown: Detailed breakdown of all payment components including statutory and non-statutory elements
2. Schedule 2 - Company Property: List of company property to be returned by the employee
3. Schedule 3 - Claims Being Settled: Comprehensive list of statutory and contractual claims being waived
4. Schedule 4 - Post-termination Restrictions: Full text of any post-termination restrictions that continue to apply
5. Schedule 5 - Legal Adviser's Certificate: Certificate from independent legal adviser confirming advice given to employee
6. Schedule 6 - Reference Template: Agreed form of reference to be provided by the employer
Financial Services
Technology
Manufacturing
Retail
Professional Services
Healthcare
Education
Real Estate
Construction
Telecommunications
Media & Entertainment
Hospitality
Transportation & Logistics
Energy & Utilities
Human Resources
Legal
Finance
Compliance
Senior Management
Operations
Administration
Risk Management
Corporate Communications
Internal Audit
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Managing Director
Senior Manager
Department Head
Director
Vice President
General Manager
Regional Manager
Human Resources Director
Legal Counsel
Senior Executive
Department Manager
Project Manager
Sales Manager
Financial Controller
Operations Manager
Technical Director
Professional Staff
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