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1. Parties: Identifies and defines all parties to the agreement, including full legal names and addresses
2. Background: Explains the context and circumstances leading to the payout agreement
3. Definitions: Defines key terms used throughout the agreement
4. Payout Amount and Calculation: Specifies the total payout amount and how it has been calculated
5. Payment Terms: Details the timing, method, and conditions of payment, including any installment arrangements
6. Tax Obligations: Addresses tax implications, withholding requirements, and GST considerations
7. Conditions Precedent: Lists any conditions that must be met before payment becomes due
8. Release and Discharge: States what claims or obligations are being released upon payment
9. Confidentiality: Specifies confidentiality obligations regarding the agreement and its terms
10. Governing Law: Confirms New Zealand law governs the agreement and jurisdiction for disputes
11. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and notices
1. Employment Related Provisions: Required when the payout relates to employment termination or settlement
2. Ongoing Obligations: Needed when parties have continuing obligations post-payment
3. Non-Disparagement: Important in settlement contexts to prevent parties from making negative statements
4. Intellectual Property: Required when the payout involves transfer or retention of IP rights
5. Return of Property: Necessary when physical or digital assets need to be returned
6. Future Cooperation: Include when ongoing cooperation is needed for transition or documentation
7. Non-Competition: Add when restricting future competitive activities is part of the agreement
8. Insurance and Indemnity: Include when ongoing risks need to be allocated between parties
1. Payment Schedule: Detailed breakdown of payment amounts, dates, and installments if applicable
2. Calculation Methodology: Shows how the payout amount was calculated, including any formulas used
3. Tax Documentation: Relevant tax forms and calculations
4. Release Documentation: Forms and documents related to the release of claims
5. Required Notices: Copies of any required notices or formal communications
6. Property List: Inventory of any property to be returned or transferred
7. Bank Details: Secure schedule containing payment account information
Financial Services
Professional Services
Manufacturing
Retail
Technology
Healthcare
Construction
Education
Real Estate
Insurance
Mining and Resources
Agriculture
Legal
Finance
Human Resources
Payroll
Compliance
Risk Management
Treasury
Tax
Corporate Secretariat
Commercial Operations
Chief Financial Officer
Finance Manager
Legal Counsel
HR Director
Compliance Officer
Tax Manager
Payroll Manager
Settlement Officer
Risk Manager
Treasury Manager
Company Secretary
Financial Controller
Benefits Administrator
Claims Manager
Commercial Director
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