A confidential executive separation contract is an official document which is drafted when an employee working in the position of an executive is leaving his employer organization. As per these contracts, the separation of the executive is maintained as confidential information . The contract states the amount the employee is supposed to receive as settlement after separation from the organization and other terms and conditions agreed between the parties.
Sample Confidential Executive Separation Contract
Confidential executive separation contract number: CE 45
Effective date of contract: 6th of November 2011
This confidential executive separation contract has been drafted and entered between Jim Hendrix and Times News Corporation. As per the contract Jim Hendrix referred to as the employee, who was working in the position of an executive is separating from Times News Corporation referred to as the employer.
Details of the employee:
Residential address: 47 Long Drive Road,
Hollywood, Los Angeles 7865
Contact number: 398123
Mobile number: 934980
E mail id: email@example.com
Details of the employer:
Official address: 12 Short Drive Road,
Hollywood, Los Angeles 7843
Office Contact number: 396790
Fax number: 396724
E mail id: firstname.lastname@example.org
The terms and conditions set in the contract are as follows:
- The reason for separation of the employee will be kept confidential and neither the employer nor the employee is supposed to reveal the reason to a third party.
- The employer is supposed to pay the employee a total compensation of $10000 as settlement amount.
- The contract expires after the employee has been paid the settlement amount.
Signature of the employee: Signature of the employer:
Jim Hendrix Brett Lee
(HR Manager, Times News Corporation)