Document background
The Employee Mutual Separation Agreement is a crucial document used in Hong Kong when an employer and employee agree to end their employment relationship by mutual consent. It provides a formal framework for documenting the separation terms while ensuring compliance with Hong Kong employment laws, particularly the Employment Ordinance (Cap. 57). This agreement is typically used when parties wish to terminate employment on agreed terms that may differ from or exceed statutory minimums, often in situations involving senior executives, redundancies, or corporate restructuring. The document covers essential elements such as termination date, final payments, benefits, confidentiality, and mutual releases, while also addressing specific requirements under Hong Kong law regarding MPF contributions, tax treatment, and statutory entitlements.
