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End Of Contract Agreement

End Of Contract Agreement Template for New Zealand

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Key Requirements PROMPT example:

End Of Contract Agreement

"I need an End of Contract Agreement for a senior software developer in Auckland who is leaving by mutual agreement on March 15, 2025, with garden leave provisions and ongoing consultancy arrangements for knowledge transfer."

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Document background
The End of Contract Agreement is a crucial document used in New Zealand employment law contexts when formally concluding an employment relationship. It is typically implemented when an employment contract is being terminated by mutual agreement, redundancy, or other specified circumstances. The document serves to protect both employer and employee interests by clearly outlining final payments, entitlements, and ongoing obligations. It must comply with New Zealand's Employment Relations Act 2000 and related employment legislation, including provisions for holiday pay, notice periods, and final settlements. This agreement is essential for ensuring a clear and legally compliant conclusion to the employment relationship while minimizing the risk of future disputes.
Suggested Sections

1. Parties: Identification of the employer and employee, including full legal names and positions

2. Background: Brief context of the employment relationship, including start date and reason for termination

3. Definitions: Key terms used throughout the agreement

4. Termination Date: Specific date when employment ends and final working day

5. Final Payment Details: Breakdown of final salary, holiday pay, and other entitlements

6. Company Property: Requirements for returning company assets and property

7. Confidentiality Obligations: Ongoing obligations regarding confidential information

8. Mutual Release: Release of claims between parties, subject to terms of the agreement

9. Tax Obligations: Clarification of tax treatment of payments

10. Execution: Signature blocks and date of agreement

Optional Sections

1. Garden Leave: Used when employee is required to serve notice period but not attend workplace

2. Redundancy Payment: Include when termination is due to redundancy and payments are applicable

3. Reference Provision: Terms regarding future employment references if agreed

4. Post-Employment Restrictions: Non-compete and non-solicitation clauses if applicable to role

5. Outplacement Support: Details of any career transition services offered

6. Share Options/Benefits: Treatment of outstanding share options or long-term benefits

7. Ongoing Cooperation: Terms for assistance with handover or future inquiries

Suggested Schedules

1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including holiday pay, bonus, commission calculations

2. Schedule 2 - Company Property List: Itemized list of company property to be returned

3. Schedule 3 - Confidential Information: Specific details of confidential information and intellectual property

4. Appendix A - Statutory Entitlements: Summary of statutory entitlements under NZ law

5. Appendix B - Benefits Cessation Schedule: Timeline for cessation of various employment benefits

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



























Clauses
























Relevant Industries

Professional Services

Information Technology

Manufacturing

Retail

Healthcare

Financial Services

Education

Construction

Hospitality

Mining and Resources

Agriculture

Telecommunications

Transport and Logistics

Government and Public Sector

Relevant Teams

Human Resources

Legal

Finance

Operations

Administration

Compliance

Payroll

Industrial Relations

Relevant Roles

CEO

Managing Director

General Manager

Department Manager

Senior Executive

Project Manager

Software Developer

Sales Representative

Administrative Assistant

Human Resources Manager

Financial Controller

Operations Manager

Technical Specialist

Account Manager

Marketing Executive

Research Scientist

Production Supervisor

Customer Service Representative

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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