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Employee Deed Of Release
"I need an Employee Deed of Release for a senior software developer who is voluntarily leaving our technology company on March 15, 2025, with ongoing obligations regarding intellectual property and a 12-month non-compete clause for the Canadian market."
1. Parties: Identifies and defines the employer and employee who are parties to the deed
2. Background: Recitals setting out the context of employment, termination, and purpose of the release
3. Definitions: Defines key terms used throughout the deed including 'Claims', 'Confidential Information', and 'Effective Date'
4. Termination of Employment: Confirms the termination date and status of employment
5. Payment and Benefits: Details the consideration being provided to the employee in exchange for the release
6. Release and Waiver: Core section containing the mutual releases and waivers of claims
7. Tax Implications: Addresses responsibility for taxes on payments and indemnities
8. Confidentiality: Obligations regarding confidentiality of the agreement and company information
9. Non-Disparagement: Mutual obligations not to make negative statements about each other
10. Return of Property: Employee's obligation to return company property
11. Acknowledgments: Employee's confirmation of understanding and voluntary execution
12. General Provisions: Standard boilerplate including governing law, entire agreement, and amendments
1. Ongoing Obligations: References surviving terms from employment agreement such as intellectual property rights or non-compete provisions
2. Reference Letter: Terms regarding the provision and content of employment references
3. Cooperation: Employee's agreement to assist with transition or future legal matters
4. Re-Employment: Terms regarding potential future employment with the company
5. Benefits Continuation: Details of any extended health or insurance benefits
6. Legal Fees: Terms regarding payment of employee's legal fees for review of the agreement
7. Outplacement Services: Details of any career transition services provided
8. Stock Options/RSUs: Treatment of outstanding equity compensation
9. Claims Carve-Out: Specific claims that cannot be released by law or are expressly preserved
1. Schedule A - Payment Details: Itemized list of all payments including salary, severance, benefits, and other compensation
2. Schedule B - Company Property: List of company property to be returned by the employee
3. Schedule C - Ongoing Benefits: Details of any continuing benefits and their duration
4. Schedule D - Release Claims: Comprehensive list of types of claims being released
5. Schedule E - Confidential Information: Detailed description of what constitutes confidential information
6. Appendix 1 - Certificate of Independent Legal Advice: Confirmation that employee received independent legal advice
7. Appendix 2 - Reference Letter: Agreed form of reference letter if applicable
Authors
Technology
Financial Services
Manufacturing
Retail
Healthcare
Professional Services
Education
Mining
Energy
Transportation
Telecommunications
Construction
Real Estate
Agriculture
Government
Non-Profit
Media and Entertainment
Hospitality
Human Resources
Legal
Executive Leadership
Finance
Compliance
Risk Management
Employee Relations
Talent Management
Compensation and Benefits
Corporate Governance
Operations
Chief Executive Officer
Chief Human Resources Officer
Human Resources Director
Human Resources Manager
Legal Counsel
Employment Lawyer
HR Business Partner
Talent Management Director
Employee Relations Manager
Compensation and Benefits Manager
HR Operations Manager
Chief Financial Officer
Department Managers
Line Managers
Compliance Officer
Risk Manager
Corporate Secretary
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