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Deed Of Separation Employment
"I need a Deed of Separation Employment for a senior software developer leaving our tech startup, including provisions for protecting our intellectual property and dealing with unvested stock options, with the separation date set for March 15, 2025."
1. Parties: Identifies and defines the employer and employee parties to the deed
2. Background: Sets out the context of employment and reason for separation
3. Definitions and Interpretation: Defines key terms and interpretation principles used in the deed
4. Termination of Employment: Specifies the termination date and immediate obligations
5. Separation Payments: Details all payments to be made, including final salary, leave entitlements, and any additional payments
6. Tax and Superannuation: Addresses taxation of payments and superannuation obligations
7. Company Property: Requirements for return of company property and information
8. Continuing Obligations: Ongoing obligations including confidentiality and intellectual property
9. Non-Disparagement: Mutual obligations regarding public statements and communications
10. Release and Waiver: Mutual releases from claims and liabilities
11. General Provisions: Standard provisions including governing law, entire agreement, and severability
12. Execution: Formal execution requirements and attestation
1. Restraint of Trade: Non-compete and non-solicitation provisions, used when protecting business interests is crucial
2. Share/Equity Arrangements: Addresses treatment of shares, options or other equity arrangements, included when employee has equity interests
3. Assistance with Transition: Details any handover or transition assistance requirements, used when knowledge transfer is important
4. Reference and Announcements: Terms regarding employment references and public announcements, included when managing public communications is important
5. Outplacement Support: Details of any career transition support provided, included when part of separation package
6. Legal Advice: Acknowledgment of independent legal advice, included when significant rights are being waived
7. Intellectual Property Assignment: Specific IP assignments beyond standard confidentiality, used when IP is significant
8. Benefits Continuation: Details of any continued benefits post-employment, included when applicable
1. Schedule 1 - Calculation of Payments: Detailed breakdown of all separation payments and entitlements
2. Schedule 2 - Company Property: Itemized list of company property to be returned
3. Schedule 3 - Restraint Provisions: Detailed restraint of trade terms including geographic and temporal limits
4. Schedule 4 - Confidential Information: Specific details of confidential information and intellectual property
5. Schedule 5 - Share/Equity Details: Details of share or equity arrangements and their treatment
6. Schedule 6 - Release Terms: Detailed terms of mutual releases and waivers
7. Appendix A - Statutory Declaration: Form of statutory declaration regarding return of company property and compliance
8. Appendix B - Resignation Letter: Form of resignation letter to be signed by employee
Authors
Financial Services
Technology
Manufacturing
Professional Services
Healthcare
Retail
Mining and Resources
Construction
Education
Telecommunications
Media and Entertainment
Real Estate
Transport and Logistics
Energy
Agriculture
Human Resources
Legal
Finance
Executive Management
Operations
Information Technology
Sales
Marketing
Research and Development
Customer Service
Administration
Production
Quality Assurance
Procurement
Business Development
Chief Executive Officer
Chief Financial Officer
Senior Executive
Department Manager
Senior Manager
Project Manager
Technical Lead
Sales Director
Operations Manager
General Manager
Department Head
Regional Manager
Account Manager
Senior Specialist
Professional Staff
Administrative Officer
Team Leader
Supervisor
Senior Consultant
Executive Assistant
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