Termination and Compensation Letter including Compromise Agreement EMP.DS.05.07
The Termination/Compensation Letter is required once a Compromise Agreement has been completed with the employee. The letter requests that the employee should leave immediately. It confirms the sum paid as settlement, which is inclusive of any statutory redundancy entitlement or payment in lieu of holiday. The employee is instructed to return all company property by a certain date or prior to receipt of the compensation settlement.
This Termination/Compensation Letter template is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.