Document background
The Employee Exit Agreement is a crucial document used in New Zealand employment contexts when formalizing the termination of employment relationships, whether through mutual agreement, redundancy, or other circumstances. It provides a legally binding framework that addresses all aspects of the employment separation, including financial settlements, ongoing obligations, and mutual releases. The agreement must comply with New Zealand employment law, particularly the Employment Relations Act 2000, Privacy Act 2020, and other relevant legislation. It serves to protect both employer and employee interests by clearly documenting agreed terms, preventing future disputes, and ensuring all statutory obligations are met. This document is particularly important in scenarios involving senior employees, sensitive positions, or complex termination arrangements.
