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Employee Release Letter
"I need an Employee Release Letter for a senior executive in Hong Kong who will be leaving by mutual agreement on March 1, 2025, with unvested stock options and continued health benefits for 3 months."
1. Letter Header and Date: Company letterhead, date, and formal addressing of the employee
2. Confirmation of Employment Termination: Clear statement of employment end date and nature of termination (e.g., mutual agreement, resignation)
3. Final Payment Details: Overview of all final payments including salary, leave encashment, and other entitlements
4. Return of Company Property: List of company property to be returned and confirmation of return
5. Release of Claims: Mutual release of claims between employer and employee
6. Confidentiality Obligations: Reminder of ongoing confidentiality obligations
7. Acknowledgment and Signature: Space for both parties to acknowledge and sign the letter
1. Non-Compete/Non-Solicitation Reminder: Include when the employee's contract contains post-employment restrictions
2. Reference Arrangement: Include when specific arrangements for future references have been agreed
3. Outstanding Stock Options/Benefits: Include when the employee has unvested benefits or stock options
4. Continuation of Benefits: Include when certain benefits will continue post-employment
5. Tax Indemnity: Include when complex payment arrangements necessitate tax clarifications
6. Legal Advice Declaration: Include when the release terms are complex or when required by company policy
1. Schedule of Final Payments: Detailed breakdown of all final payments, deductions, and calculations
2. Schedule of Company Property: Itemized list of company property to be returned
3. Schedule of Continuing Obligations: Detailed list of post-employment obligations that survive termination
Authors
Financial Services
Technology
Manufacturing
Retail
Professional Services
Healthcare
Education
Construction
Hospitality
Transportation
Real Estate
Media and Entertainment
Telecommunications
Energy
Non-Profit
Human Resources
Legal
Compliance
Employee Relations
Corporate Secretariat
Risk Management
People Operations
Human Resources Director
Legal Counsel
HR Manager
Compliance Officer
HR Business Partner
Employment Lawyer
HR Administrator
Company Secretary
Chief Human Resources Officer
Employee Relations Manager
HR Operations Manager
Legal Manager
Talent Management Director
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