In order to compensate both parties, the parties should approve a separation agreement stipulating that neither party was guilty of any fault and that the employee`s dismissal was due solely because of their actions. In addition, where the employee is entitled to severance pay, payments and amounts should be included in this Agreement. The main purpose of the agreement is to exempt the employer and the worker from any fault committed during the period of employment. On both sides, it is possible that each party is accused of any fault, justified or not. The employer may have additional financial obligations to the worker due to the termination of the relationship. In “III. Severance pay”, we define whether the employer makes payments to the worker after the end of the employment period. If the employer is not required to make payments in addition to the employee`s regular salary, mark the box “No severance pay”. If the employer is required to make an additional payment to the worker, mark the “one-time payment” box and enter the dollar amount to be paid to the worker as severance pay in the first white line of this choice. If this is the case, continue with point “A” in this selection and indicate if additional severance pay will be paid to the employee. If not, mark the “No further severance pay” box. If yes, mark the “Other severance pay” box and indicate what this allowance is made of in the blank line indicated.
If the employer is expected to pay more than one severance pay to the worker, do not leave the first two options in this selection marked and activate the box to check “Multiple payments”. You must also set the dollar amount of each payment that the employer must make to the employee in empty line after the dollar mark with the last calendar date on which such payments can be made under the terms “Ending On”. Then set the frequency with which these payments are made by activating the “weekly”, “bi-weekly”, “monthly” box or by filling in a particular calendar in the blank line provided. Once this has been done, pay to point “A” in this selection, either by marking the box “No further severance pay” or by indicating the box “Other severance pay” and then indicating the additional severance pay that the employer must make available to the worker. . . .