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1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Brief context of the employment relationship, including start date, most recent position, and reason for termination if applicable
3. Definitions: Key terms used throughout the agreement, including 'Termination Date', 'Severance Payment', 'Company Property', etc.
4. Termination of Employment: Formal statement of employment termination, specifying the effective date and nature of termination
5. Severance Package: Details of all financial compensation, including salary continuance, lump sum payments, benefits continuation, and treatment of outstanding bonuses/commissions
6. Company Property: Requirements for return of all company property, including equipment, documents, and intellectual property
7. Confidentiality Obligations: Ongoing obligations regarding confidential information and trade secrets
8. Release of Claims: Mutual release of claims between parties, specifying what claims are included and excluded
9. Tax Considerations: Statement regarding tax treatment of payments and employer's right to make required deductions
10. Acknowledgment: Employee's acknowledgment of understanding the agreement and having had opportunity for independent legal advice
11. Governing Law: Specification of applicable Canadian jurisdiction and governing law
12. Execution: Signature blocks and date of agreement
1. Non-Competition: Restrictions on working for competitors, used for senior employees or those with access to sensitive information
2. Non-Solicitation: Restrictions on soliciting employees or customers, typically included for sales or management roles
3. Reference Letter: Terms regarding the provision of employment references, included when agreed as part of the settlement
4. Outplacement Services: Details of career transition support if provided as part of the package
5. Stock Options/RSUs: Treatment of outstanding equity compensation, needed for employees with equity-based compensation
6. Pension and Benefits: Detailed treatment of pension and benefits continuation, required for long-service employees or complex benefit arrangements
7. Board Resignations: Required for employees who held corporate director or officer positions
8. Public Statements: Agreement on public communications about the departure, typically for senior executives or public-facing roles
1. Schedule A - Severance Calculation: Detailed breakdown of severance payment calculations
2. Schedule B - Benefits Continuation Details: Specific details of benefits continuation, including coverage periods and limitations
3. Schedule C - Company Property Checklist: Itemized list of company property to be returned
4. Schedule D - Outstanding Equity Compensation: List of outstanding stock options, RSUs, or other equity compensation and their treatment
5. Appendix 1 - Release of Claims: Detailed release of claims document that may need to be signed separately
6. Appendix 2 - Confidentiality Agreement: Detailed confidentiality provisions that survive employment termination
Financial Services
Technology
Manufacturing
Retail
Healthcare
Professional Services
Education
Mining and Resources
Telecommunications
Construction
Transportation and Logistics
Energy
Agriculture
Entertainment and Media
Real Estate
Human Resources
Legal
Finance
Executive Leadership
Operations
Sales
Marketing
Information Technology
Research and Development
Customer Service
Administration
Product Development
Quality Assurance
Supply Chain
Business Development
Chief Executive Officer
Chief Financial Officer
Senior Vice President
Director
Manager
Supervisor
Professional Staff
Technical Specialist
Sales Representative
Administrative Staff
Project Manager
Department Head
Regional Manager
Executive Assistant
General Counsel
Research Scientist
Software Engineer
Account Manager
Operations Manager
Human Resources Manager
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