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Mutual Separation Agreement
"I need a Mutual Separation Agreement for our CFO who is leaving by mutual consent effective March 1, 2025; the agreement should include provisions for unvested stock options, extended health benefits, and strict confidentiality clauses."
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Brief overview of employment history, current position, and mutual decision to separate
3. Definitions: Key terms used throughout the agreement including 'Effective Date', 'Final Settlement', 'End of Service Benefits'
4. Separation Terms: Details of the termination including effective date and mutual nature of separation
5. Final Settlement: Comprehensive breakdown of all payments including salary, benefits, and statutory entitlements
6. End of Service Benefits: Calculation and payment terms of end of service gratuity as per Qatar Labor Law
7. Release and Waiver: Mutual release of claims and liabilities between parties
8. Company Property: Requirements for return of company property and documentation
9. Confidentiality: Ongoing obligations regarding confidential information
10. Governing Law: Confirmation of Qatar law as governing law and jurisdiction
11. Execution: Signature blocks and execution requirements
1. Non-Competition: Restrictions on future employment, if applicable and agreed
2. Handover: Detailed handover process for ongoing projects or responsibilities
3. Reference: Terms regarding future employment references
4. Immigration Status: Specific provisions for expatriate employees regarding visa cancellation and transfer
5. Medical Insurance: Extension of medical insurance coverage post-termination
6. Share Options/Benefits: Treatment of any outstanding share options or long-term benefits
7. Legal Fees: Provisions regarding payment of legal fees for agreement preparation
8. Tax Indemnity: Tax-related provisions and indemnities
1. Schedule 1 - Payment Calculation: Detailed breakdown of all payments including salary, benefits, and statutory entitlements
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Handover Schedule: Detailed timeline and requirements for handover of responsibilities
4. Appendix A - Release Form: Standard form for final release and discharge
5. Appendix B - Certificate of Service: Draft certificate of service to be provided
6. Appendix C - Benefits Summary: Summary of any continuing benefits or special arrangements
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Chief Executive Officer
Chief Financial Officer
Managing Director
General Manager
Department Head
Senior Manager
Project Manager
Human Resources Director
Finance Manager
Operations Manager
Sales Executive
Marketing Manager
Technical Specialist
Administrative Officer
Customer Service Representative
Research Analyst
Software Developer
Account Manager
Legal Counsel
Business Development Manager
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