If you break up peacefully with the company, it's crucial to have a well-established termination agreement in place. Here are five key points to help you avoid potential pitfalls:
First of all, confirm that the subject information of both parties is accurate and avoid confusion or error, otherwise you may encounter a situation where you cannot determine the responsible party in the future.
Second, clarify your last working day and the deadline for the settlement of wages and social security provident fund. This helps to ensure that your rights are fully protected.
Third, clearly state the amount that the company should pay you, including pre- or after-tax income, payment method (installment or lump sum), and the final payment time. At the same time, it clarifies the liability for breach of contract that the company should bear if it fails to pay on time.
Fourth, when determining the amount in the agreement, it is necessary to fully consider various possible compensation and expenses, such as compensation, commission, annual leave pay, overtime pay, last month's salary, and year-end bonus. Make sure your rights and interests are fully protected.
Finally, it's important to make sure that the agreement is stamped by the company before you can sign it. Once signed, you should immediately take a copy of the original agreement as a backup. This is a suggestion based on past experience to prevent a situation where the company takes away all the original agreements, which may lead to difficulties in protecting your rights in the future.
Summary: It is important to be cautious when entering into a termination agreement. Make sure that the content of the agreement is complete, clear, and fully protects your rights and interests. If in doubt or need, please seek professional legal advice.