Document background
This Severance Pay Agreement is designed for use in the United Arab Emirates when formalizing an employee's departure from an organization. It serves as a legally binding document that details the complete termination package and ensures compliance with UAE Federal Decree-Law No. 33 of 2021 and other applicable employment regulations. The agreement encompasses essential elements including end-of-service gratuity calculations, outstanding leave entitlements, notice period arrangements, and any additional benefits agreed upon between the parties. It's particularly crucial in scenarios involving senior executives, long-term employees, or complex termination arrangements where clear documentation of agreed terms is necessary to prevent future disputes. The document can be customized for use in mainland UAE, DIFC, or ADGM jurisdictions, with appropriate modifications to reflect the specific applicable laws and regulations.
