The Resignation Agreement serves as a formal document under Malaysian employment law to properly document and manage the voluntary termination of employment relationships. This document is essential when an employee decides to leave their position and both parties wish to clearly define the terms of separation. The agreement typically includes critical information such as the effective date of resignation, notice period requirements as per the Employment Act 1955, final payment calculations, handling of company property, and ongoing obligations. The Resignation Agreement is particularly important for protecting both parties' interests, ensuring compliance with Malaysian labor laws, and maintaining clear records of the separation terms. It's commonly used across various industries and can be customized to address specific circumstances while maintaining alignment with local legal requirements.
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1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Brief context of the employment relationship and the decision to resign
3. Definitions: Key terms used throughout the agreement
4. Effective Date of Resignation: Clear statement of when the employment relationship will terminate
5. Notice Period: Details of the notice period being served or payment in lieu of notice
6. Final Settlement: Breakdown of final payment including salary, unused leave, and other entitlements
7. Company Property: Requirements for returning company property and documents
8. Confidentiality: Ongoing obligations regarding confidential information
9. General Provisions: Standard contractual clauses including governing law and entire agreement
1. Non-Compete Clause: Restrictions on future employment, if applicable and previously agreed in employment contract
2. Handover Process: Detailed procedures for transitioning work responsibilities, used when employee holds key position
3. Reference Letter: Terms regarding the provision of employment references
4. Outstanding Benefits: Treatment of unvested benefits, bonuses, or stock options
5. Medical Benefits Extension: Continuation of medical benefits post-employment, if applicable
6. Release and Waiver: Mutual release of claims, typically used in negotiated exits
7. Post-Employment Cooperation: Terms for assistance in pending matters after departure
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including salary, leave, and other entitlements
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Handover Checklist: Detailed list of tasks and documents to be handed over
4. Appendix A - Confidential Information: Definition and scope of confidential information
5. Appendix B - Benefits Summary: Summary of benefits and their treatment post-resignation
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Technology
Manufacturing
Professional Services
Retail
Healthcare
Education
Construction
Telecommunications
Energy and Utilities
Hospitality
Logistics and Transportation
Relevant Teams
Human Resources
Legal
Finance
Operations
Information Technology
Sales
Marketing
Customer Service
Research and Development
Administration
Corporate Secretarial
Compliance
Relevant Roles
Chief Executive Officer
Managing Director
Department Head
Senior Manager
Manager
Executive
Supervisor
Administrator
Professional Staff
Technical Specialist
Sales Representative
Customer Service Representative
Operations Officer
Project Manager
Research Analyst
Software Developer
Account Manager
Human Resources Officer
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