Full and Final Release Template
When terminating an employee, you may wish to offer more than the legislated minimum notice should request a written release from the employee in exchange for a larger monetary payment upon termination.
Allow a reasonable period of time for the employee to consider the offer and seek legal advice if they so choose.
Final release documentation is complex and legally binding so seek legal advice before creating any release agreements. Finally, it is important to ensure that all legislated minimums are paid out within the required timeframes, even where an agreement has not been reached about the additional amounts.
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