An Employee Deed of Release is a crucial document used in Pakistan when formally concluding an employment relationship through mutual agreement or as part of a negotiated exit. It operates within the framework of Pakistani employment law, including the Industrial Relations Act 2012, Contract Act 1872, and relevant provincial labor legislation. This document is typically used when both parties wish to achieve a clean break and prevent future disputes by documenting all settlement terms, including financial arrangements, confidentiality obligations, and mutual releases. It's particularly important in scenarios involving senior employees, sensitive positions, or where there's a need to document specific post-employment obligations. The deed provides legal certainty and protection for both employer and employee by clearly defining the terms of separation and preventing future claims.
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1. Parties: Identification of the employer and employee with full legal names and addresses
2. Background: Brief history of employment relationship, reason for termination, and context for the deed
3. Definitions: Key terms used throughout the deed including 'Effective Date', 'Release Period', 'Settlement Sum', etc.
4. Termination of Employment: Confirmation of employment end date and immediate cessation of duties
5. Settlement Payments: Details of all payments to be made, including final salary, benefits, and any special compensation
6. Tax and Statutory Deductions: Clarity on tax treatment of payments and statutory deductions
7. Mutual Release and Waiver: Comprehensive release of claims by both parties
8. Company Property: Requirements for return of company property and confirmation of compliance
9. Confidentiality: Ongoing obligations regarding confidential information
10. Full and Final Settlement: Confirmation that the settlement represents full and final settlement of all claims
11. Governing Law: Specification of Pakistani law as governing law
12. Execution: Signature blocks and execution formalities
1. Non-Compete Obligations: Include when the employee is bound by post-employment competition restrictions
2. Reference: Include when agreed form of reference is to be provided
3. Continuing Obligations: Include when specific obligations from employment contract survive termination
4. Legal Advice: Include when employee has received independent legal advice on the deed
5. Medical Insurance Extension: Include if continued medical coverage is part of the settlement
6. Share Options/Awards: Include when dealing with existing employee share schemes
7. Announcements: Include when parties agree on specific internal/external communications
8. Re-employment: Include when specifically addressing future employment possibilities
1. Schedule 1 - Payment Details: Detailed breakdown of all settlement payments and benefits
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Continuing Obligations: Specific clauses from employment contract that survive termination
4. Schedule 4 - Agreed Form of Reference: Template of agreed employment reference if applicable
5. Appendix A - Certificate of Independent Legal Advice: Confirmation from legal advisor if applicable
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