[Company logo]
PRIVATE AND CONFIDENTIAL
Employee Name: [Full Name]
Employee ID: [If applicable]
Department: [Department Name]
Job Title: [Title]
Company Name: [Legal Name]
Delivered By Email/Hand (Delete as appropriate)
Date: [DD Month YYYY]
SETTLEMENT AGREEMENT
This Settlement Agreement (“Agreement”) is made and entered into on [DD Month YYYY], by and between:
[Company Name], a company incorporated under the laws of the United Arab Emirates and having its registered address at [Full Address] (the “Company”),
and employee [Full Name],
holder of passport number [Passport Number], residing in the UAE under residence visa [If applicable] (the “Employee”).
Whereas:
1. The Employee was employed by the Company pursuant to an employment contract dated [Employment Start Date] (the “Employment Contract”);
2. The employment relationship between the Company and the Employee shall be terminated effective [Termination Date] (the “Termination Date”);
3. The Parties wish to fully and finally settle all matters between them arising out of or in connection with the employment relationship.
Now, therefore, it is agreed as follows: