Microsoft Word - SIRCuit template termination letter and release.DOTX

23845221_1|NATDOCS

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HandDelivered



[Date]



[Name,Address]



Dear<>:



Aswediscussed,youremploymentwith<>(the“Company”)willendtoday,[dateofletterand

notice of termination date].The Company wishes to assist you in the transition to new

employmentandthereforewillofferyouthefollowingassistance:



You will receive pay‐in‐lieu‐of‐notice equal to [# of weeks of ESA statutory notice

period] weeks of salary subject to applicable employment standards legislation [and

your employment agreement – (if applicable)].You will also receive outstanding

accrued vacation pay to [date which is the end of the

 statutory notice period], also

subjecttostatutorydeductions.Theseamountswillbepaidtoyouwhetherornotyou

choosetoaccepttheproposalthatissetoutinparagraph5.



2. Your group insurance benefits will cease  on [date which is the end of the statutory

notice period].

We suggest that you make immediate arrangements for replacement

coverage through an independent carrier.You may be able to convert your group life

insurance into personal coverage.Should you wish to explore this possibility, please

contact<>immediatelyat<>astherewillbeatimelimitfordoingso.



3. ARecordofEmploymentwillbeforwardedtoyouwithinafewdaysofyourinterruptio n

ofearnings,careofyourcurrentaddresssetoutabove.



4. The Company will provide you with a letter of reference, if requested.The letter is

offeredtoyouonanunconditionalbasis,regardless

ofwhetheryouaccepttheproposal

setoutinparagraph5.



5. [Withoutprejudicetothepositionthatyouhavereceivedallentitlementsowedtoyou

by the Company pursuant to the foregoing paragraphs of this letter (note this

sentence is to be used in event employee has signed employment

 agreement with a

statutory minimums termination clause)], on the condition that you provide the

Company with a properly executed full and final release (the “Release”) in the form

enclosed, the Company will provide you with a lump sum payment equivalent to a 

furtherone(1)weekofbasesalary,also

subjecttostatutorydeductions.



Attached is a copy of the Release.The offer at paragraph 5 is open for acceptance until 5:00

p.m.on[adatewhichissevencalendardaysfollowingthenoticeofterminationdateandnot

on a weekend].If you have any questions about the

offer, please feel free to contact the

undersigned.

23845221_1|NATDOCS

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Finally,wetakethisopportunitytoremindyouofyourongoingobligationsofconfidentialityto

theCompany.WealsotakethisopportunitytoremindyoutoimmediatelyreturnallCompany

property, including computer hardware and software and all Company documents or copies

thereof.If you have any outstanding expenses,  please

submit them to the Company with

supportinginvoicesby[adatewhichissevencalendardaysfollowingthenoticeoftermination

dateandnotonaweekend]andtheywillbehonouredinaccordancewithCompanypolicy.



Wewishyoueverysuccessinyourfutureendeavours.



Yoursverytruly,



23845221_1|NATDOCS



FULLANDFINALRELEASE



 WHEREAS XXX (the “Employee”)hasagreed to settle all mattersoutstanding with XXX

(the “Company”) and its directors, officers, employees, shareholders, successors, principals,

subsidiaries, affiliates, predecessors, assigns and agents, and the respective directors, officers

andemployeesthereof(altogether,the“Releasees”);



 INCONSIDERATIONofthetermsofsettlementsetout

inaletterfromtheCompanyto

theEmployeedatedXXXandothergoodandvaluableconsideration,thereceiptandsufficiency

of which is hereby ack nowledged, the Employee, for him/herself and on behalf of his/her

assigns, administrators, executors, trustees, beneficiaries and agents, does hereby  release,

remise and forever discharge the Releasees  from any and all actions, causes of

 action,

complaints, claims, demands, suits, proceedings, obligations, duties, accounts or liabilities

whatsoever and, without limiting the generality thereof, all actions, causes of action,

complaints,claims,demands,suits,proceedings,obligations,duties,accountsorliabilitieswhich

have been or could have been the subject of dispute in relation to the employment of

the

EmployeewiththeCompanyortheterminationthereof,and,withoutlimitingthegeneralityof

theforegoing,theEmployeeacknowledgesthatthesaidsettlementisinsatisfactionofallclaims

fordamagesforwrongfuldismissalincluding,withoutlimitation,allclaimsinrespectofcommon

lawnotice,equitycompensation,commissions,bonuses,incentive

payments,benefitsorbenefit

coverage,oranyotherperquisites.



 AND FOR THE SAID CONSIDERATION, the Employee, for him/herself and on behalf of

his/her assigns, administrators, executors, trustees, beneficiaries and agents, does hereby

release, remise and forev er discharge the Releasees from any and all claims in respect of any 

obligations

pursuanttoapplicableemploymentstandardslegislationincludingbutnotlimitedto

statutory notice, statutory severance, outstanding wages, vacation pay and overtime pay, as

well as all claims in respect of any  obligations pursuant to applicable human rights legi slation

and applicable workers safety and insurance legislation.Without limitation, the Employee

covenants and

 undertakes that he/she will not file any claims or complaints under any of the

above‐referenced legislation arising out of his/her employment with the Company or the

terminationofthatemployment.



 ANDFORTHESAIDCONSIDERATIONtheEmployee hereby undertakes, covenants and

agreesthathe/shewilltakenoactionand

assertnoclaim,complaintorproceedingagainstany

thirdpartywhointurnmayclaimcontribution,indemnityorotherreliefover,eitheratcommon

laworinequityorunderstatuteinrespectofanyofthemattersreleasedhereby.



 ANDFORTHESAIDCONSIDERATIONtheEmployeefurtheragreesto

saveharmlessand

indemnify the Releasees from and against any and all claims, charges, taxes, penalties or 

demands and interest thereon or costs incurred in relation thereto, made by Canada Revenue

AgencyrequiringtheReleaseestopayanyamountsundertheIncomeTaxAct(Canada)orother

duly recognized federal,

provincialorlocaltaxing authorities in respect of income tax payable,

and from and against any and all claims, charges, taxes, penalties or demands and interest 

thereon or costs incurred in relation thereto, made on behalf of or related to Employment

InsuranceortheCanadaPensionPlanunder theapplicablestatutes

andregulationswithrespect

23845221_1|NATDOCS

toanyamountswhichmay,inthefuture,befoundtobepayablebytheReleaseeswithrespect

totheemploymentoftheEmployeeortheterminationofthatemployment.



 IT IS UNDERSTOOD AND AGREED that the Releasees admit no liability for any matter

releasedherebyandanysuchliability

isherebyexpresslydenied.



 IT IS UNDERSTOOD AND AGREED that the terms of the settlement shall not be

disclosed,excepttotheEmployee’simmediatefamily,legalcounselorfinancialadvisors,unless

obligatedbylaworCourtOrder.



 IT IS UNDERSTOOD AND AGREED that the Employee will not criticize, denigrate

or

otherwisedisparageorcausedisparagementoftheReleasees.



 IT IS UNDERSTOOD AND AGREED that the Employee has read and understands the

terms of this release and has had the opportunity to obtain advice in relation  thereto and has

donesoorrefusedtodosoofhis/herownvolition.

Itisfurtherunderstoodandagreedthatthe

Employee has not been induced to enter into this release by reason of any representation or

warranty of any nature or kind whatsoever.It is further understood and agreed that this

Release shall enure to the benefit of the Releasees and shall

be bindingon the Employeeand

his/herheirs,executors,administrators,legalpersonalrepresentatives,successorsandassigns.



 IN THE EVENTthatany provision or portion of any clause of this Release shall be held

invalid, illegal or unenforceable under any applicable law, the invalidity, illegality or

unenforceabilityshallnotaffectthe

validityandenforceabilityoftheremainderofthisRelease.



IT IS UNDERSTOOD AND AGREED that this Release may be delivered by facsimile or

emailtransmissionandshallbebindingifsodelivered.



 IN WITNESS WHEREOF the Employee has signed this release, this

_________________dayof_________________,20<>.



__________________________  ___________________________

WitnessEmployeeSignature

PrintNameandAddress:

