Letter of Termination ·
- To
- ()
- Designation
Dear ,
1. Termination of Employment
After due consideration, the Company has decided to terminate your employment with effect from close of business on [Effective Date] on account of continued unsatisfactory performance despite prior feedback and performance improvement opportunities.
2. Reasons / Facts
3. Notice Period
In lieu of the notice period of 60 (60) days, the Company shall pay you the equivalent pay. You are relieved from your duties with immediate effect as of the date of this letter.
4. Full & Final Settlement
The Full and Final settlement statement — including outstanding salary, leave encashment, statutory dues, gratuity (if applicable) and any recoverable advances — will be prepared and communicated to you within 30 (thirty) days from the effective date. Payment shall be made within 45 (forty-five) days thereof.
5. Handover
6. Continuing Obligations
Notwithstanding termination, your obligations of confidentiality, non-disclosure, intellectual property assignment, non-solicitation and any other post-employment restrictions as set out in your appointment letter, NDA or other agreements with the Company shall survive and continue to bind you.
7. Acknowledgement
Please acknowledge receipt of this letter by signing a copy and returning it to Human Resources. Your cooperation in ensuring a smooth transition is appreciated.
For __GAP[tl_company|Company name]__
______________________
Acknowledged
______________________