Page 36 - XYZ Employee Handbook

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5.3 Employment Termination

Termination of employment is an inevitable part of personnel activity within any

organization, and many of the reasons for termination are routine. Below are examples of
some of the most common circumstances under which employment is terminated:

Termination for Cause: An Employment Contract may be terminated by the Employer at
any time for cause, without notice or payment in lieu of notice, or severance pay whatsoever,

except payment of outstanding wages, overtime and vacation pay to the date of termination.
Cause includes, but is not limited to, any act of dishonesty, conflict of interest, breach of
confidentiality, harassment, insubordination, or careless, negligent or documented poor

work performance.

• Resignation - voluntary employment termination initiated by an employee.

• Discharge - involuntary employment termination initiated by the organization.

• Layoff - involuntary employment termination initiated by the organization for non-
disciplinary reasons.

• Retirement - voluntary employment termination initiated by the employee meeting

age, length of service, and any other criteria for retirement from the organization.

Termination Without Cause: An Employment Contract may be terminated by the
Employer at any time and for any reason on a without cause basis, upon the provision of

notice or payment of notice instead, and severance pay if applicable, as is minimally
required by the law, as amended from time to time.

In addition to notice, and pursuant to the law, the employee shall be entitled to an additional
one (1) week notice or payment in lieu of notice for every year of completed service
(severance pay) with the Employer to a maximum of [# OF WEEKS] weeks.

XYZ Corporation Employee Handbook 36