Template Mutual Termination of Employment Agreement
A Mutual Termination of Employment Agreement is an agreement between an employee and employer recording the termination of the employee’s employment.
| Fit For | Most termination of employment arrangements |
|---|---|
| Customised | No, but can be edited as needed |
| Attorney | Prepared by an attorney of no less than 12 years post qualification experience |
Benefits of our Template Mutual Termination of Employment Agreement
- Confirms that the termination of the employee’s employment is not a dismissal but an agreed separation
- Records the terms upon which the employee has agreed to leave the employ of the employer
- Stipulates what the rights and obligations of the employer and employee are in relation to the termination of the employee’s employment
- Limits the possibility of the referral of matters to the CCMA
- Standardised to fit most shareholder relationships
- Ready to use out of the box
- Adjustable to your needs
- Instantly delivered by email to your inbox
FAQ's regarding our Template Mutual Termination of Employment Agreement
What is our Template Mutual Termination of Employment Agreement?
Our template Mutual Termination of Employment Agreement allows for an inexpensive way in which to regulate the mutual termination of an employee’s employment with an employer.
Over many years of preparing such agreements, we have hand selected and included in this Template Mutual Termination of Employment Agreement, all the best possible provisions to efficiently and effectively regulate the mutual termination.
What format is the template delivered in and is it editable?
The template is delivered to you in Word document format and is fully editable by you.
What are some of the clauses contained in the Template Mutual Termination of Employment Agreement?
Among others, the template Mutual Termination of Employment Agreement will contain clauses related to the following:
- When the agreement will take effect;
- Whether there will be any payment made to the employee;
- Recordal that the employee waives any CCMA and related claims;
- The return of company assets;
- Consequences of breach of the contract;
- Confidentiality provisions;
- And a lot more.