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Director Termination Letter
"I need a Director Termination Letter for our Singapore-based tech company where our executive director is stepping down voluntarily effective March 1, 2025, and we need to include special provisions for their unvested stock options and ongoing advisory role."
1. Letter Date and Address Block: Formal letter heading with date and recipient details
2. Termination Statement: Clear statement of directorship termination and effective date
3. Notice Period: Specification of notice period and last day of service
4. Company Property Return: Requirements for returning company assets and documents
5. Ongoing Obligations: Statement of continuing duties and confidentiality obligations
1. Compensation Details: Details of final payments and benefits, used when director is also an employee
2. Share-Related Matters: Treatment of shares or stock options when director holds company shares
3. Non-Compete Provisions: Post-termination restrictions when protecting company interests is crucial
1. Acknowledgment Form: For director to confirm receipt and acceptance of termination
2. Company Property Checklist: List of items to be returned to the company
3. Final Settlement Statement: Detailed breakdown of final payments if applicable
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