TERMINATION EMPLOYMENT AGREEMENT
STRICTLY CONFIDENTIAL
WITHOUT PREJUDICE
DATE
NAME
ADDRESS
Dear
NAME:
This
is to advise you that your employment will terminate effective, DATE,
due to (those reasons discussed with you)
OR (a change in business conditions/performance concerns/ organizational
fit/etc.). [Note: employers also have
the option of providing employees with working notice]
We
will provide you with a severance package, details of which are outlined in the
attached Termination Agreement (Appendix “A”). This amount is inclusive of any
payments, statutory or otherwise, that may be owed to you under the Ontario Employment Standards Act.
This
package is open for your review and acceptance until DATE.
We
would also like to take this opportunity to remind you that, notwithstanding
the termination of your employment with the Company, certain of your
obligations under your employment contract and other agreements that you may
have signed during your employment with the Company continue. These obligations
include, but may not be limited to, obligations of confidentiality and
obligations relating to any intellectual property to which you may have
contributed while employed by the Company.
If
you have any questions concerning the information contained in this letter,
please contact me directly.
Yours
sincerely,
NAME
TITLE
Attachments
I,
NAME,
hereby accept the terms set out in Appendix “A”, in full and final satisfaction
of any claims that I may have.
_______________________________________ _______________
Signature Date
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