Employment Termination Letter with Settlement Proposal

Prepare a Letter of Termination for a departing employee with this easy-to-use template which includes two optional settlement proposals.

  • Both of the settlement proposals contemplate that termination will be effective immediately, however, payment of the settlement amount will either be payable as a lump sum payment or as a series of monthly payments. The employee can choose which option is preferable.
  • If the employee chooses the monthly payment option, they will be required to give notice to the employer if they find new employment, and the amount of their salary will be deducted from the monthly settlement payments.
  • The form also includes a Release Form to be signed by the employee.
  • This is a generic legal document which does not make reference to any specific labour laws or codes.
  • The Employment Termination Letter with Settlement Proposal template is fully editable and easy to customize to meet your needs.
Document Type: Microsoft Word
Last Updated: 13-November-2024
SKU: 577
$6.99
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Letter of Immediate Termination of Employment

Dismiss an employee without notice with this Letter of Immediate Termination of Employment.

  • The termination takes effect on the date of the letter.
  • In lieu of notice, base salary and benefits will be paid until the end of the notice period set out in the letter.
  • The employee will receive accrued vacation pay, any unpaid commissions or other compensation owing to the employee, and a Record of Employment.
  • This template is fully editable and can be easily customized for your business.
  • This is a generic document that can be used in many jurisdictions; however, it is important to determine what the requirements of the applicable employment laws are before using.
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Employee-Employer Mutual Release Form

When you terminate an employee, it is important to get them to sign a release form.

  • The Mutual Release should be signed by both parties at the time of termination and prior to the employee receiving the final paycheck.
  • Each of the parties releases the other party from all claims and actions of any kind arising as a result of the employee's employment or termination.
  • Included with the release is a Business Protection Agreement to be signed by the employee, which contains non-competition and confidentiality provisions to protect the employer's proprietary information.
  • This is a generic legal form which does not contain country-specific provisions.
  • Don't leave your business open to wrongful dismissal claims from disgruntled ex-employees. Get this Employee-Employer Mutual Release form for your business.
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Employee Release of Employer

When an employee leaves your employ, protect your business against potential future claims by having him/her sign this employee release form.

  • This is a general release by which the departing employee releases the employer from all claims arising from or related to the employment and termination.
  • It should be signed before the employee receives his or her final paycheck.
  • This form is not country-specific and can be used anywhere.
  • Don't run the risk of a future lawsuit by a disgruntled ex-employee. Get every departing employee to sign the Release of Employer form before releasing their final check.
  • The Employee Release form is a downloadable legal document that can be used over and over.
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