Contract Termination Letter to Employee
Contract Termination Letter to Employee
[Your Company Name]
[Your Company Address]
April 10, 2050
Alex Johnson
789 Progressive Ave
Futuristic City, FT 4567
Dear Alex Johnson,
We regret to inform you that your employment with [Your Company Name] will be terminated, effective April 30, 2050. This decision was made after careful consideration and is in alignment with the terms outlined in your employment contract dated March 1, 2048.
The primary reason for this decision is due to the recent restructuring of the Research and Development division, resulting in the elimination of certain positions. Despite your valuable contributions over the past years, your position as Senior Research Analyst will be discontinued as part of this organizational restructuring.
Under the terms of your contract:
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Final Pay: You will receive your final paycheck on May 1, 2050, which will include payment for hours worked up to your termination date, any accrued but unused vacation, and any other eligible compensations.
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Benefits: Your health, dental, and retirement benefits coverage will continue until June 30, 2050. After that date, you may be eligible to extend health insurance coverage under COBRA. Please contact our HR department for more information regarding COBRA options.
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Return of Company Property: We ask that all company property, including your laptop, security pass, and other company-issued items, be returned by April 25, 2050.
If you have any questions regarding your final paycheck, benefits, or the exit process, please do not hesitate to contact Taylor Reed in Human Resources at taylor.reed@futuretech.com or (555) 123-4567.
Thank you for your dedication and contributions to [Your Company Name] over the years. We wish you success in your future endeavors.
Sincerely,
[Your Name]
Director of Human Resources
[Your Company Name]
