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Laid Off Separation Agreement
"I need a Laid Off Separation Agreement for a senior software developer being made redundant in March 2025, including provisions for share options and a 3-month garden leave period, with an agreed form of reference."
1. Parties: Identification of employer and employee
2. Background: Context of employment and circumstances leading to separation
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date employment ends and related provisions
5. Payment Terms: Redundancy payment, notice pay, and other financial considerations
6. Tax Indemnity: Tax treatment of payments and related indemnities
7. Waiver of Claims: Employee's waiver of employment-related claims
8. Confidentiality: Obligations regarding confidential information
1. Garden Leave: Terms of garden leave during notice period, if applicable
2. Post-termination Restrictions: Non-compete and other restrictive covenants for business protection
3. Share Options: Treatment of existing share options and company shares
4. Reference Provision: Terms and conditions for future employment references
1. Schedule 1: Payment Breakdown: Detailed breakdown of all payments including redundancy, notice and other entitlements
2. Schedule 2: Claims Being Settled: Comprehensive list of specific claims being waived under the agreement
3. Schedule 3: Adviser's Certificate: Independent legal adviser's certification as required by law
4. Appendix A: Reference Template: Agreed form of reference template for future employment inquiries
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