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End Of Service Agreement

End Of Service Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

End Of Service Agreement

"I need an End of Service Agreement under Saudi law for a senior executive in the banking sector who is resigning effective March 15, 2025, with specific provisions for unvested stock options and a 6-month non-compete clause."

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Document background
The End of Service Agreement is a crucial document used in Saudi Arabia when concluding an employment relationship, whether through resignation, termination, or mutual agreement. It is designed to comply with the Saudi Labor Law and related regulations, providing a comprehensive framework for documenting the termination process and ensuring all legal requirements are met. The document typically includes detailed calculations of end-of-service benefits, final settlements, and mutual releases, while addressing various aspects such as confidentiality obligations, company property return, and outstanding commitments. This agreement serves as a legal record of the employment conclusion and helps prevent future disputes by clearly documenting all agreed terms and settlements.
Suggested Sections

1. Parties: Identification of the employer and the employee with full legal names and details

2. Background: Brief history of employment relationship, including start date, position, and reason for termination

3. Definitions: Definitions of key terms used throughout the agreement

4. Termination Date: Clear statement of the effective date of employment termination

5. End of Service Benefits: Calculation and terms of the end of service award as per Saudi Labor Law

6. Final Settlement: Details of final salary, unused leave, and other entitlements

7. Payment Terms: Timing and method of payment for all amounts due

8. Company Property: Requirements for return of company property and documentation

9. Confidentiality: Ongoing obligations regarding confidential information

10. Full and Final Settlement: Mutual release of claims and acknowledgment of settlement

11. Governing Law: Confirmation of Saudi Law application and jurisdiction

12. Execution: Signature blocks and execution requirements

Optional Sections

1. Non-Competition: Include when there are post-employment restrictions on competition

2. Outstanding Loans: Include when there are any outstanding loans or advances to be settled

3. Share Options/Benefits: Include when dealing with unvested or ongoing benefits or share schemes

4. Handover Requirements: Include when there are specific project or role handover requirements

5. References: Include when agreement on employment references is needed

6. Continuing Obligations: Include when there are specific post-employment obligations beyond standard confidentiality

7. Legal Fees: Include when there is an agreement regarding payment of legal fees

Suggested Schedules

1. Schedule 1 - Calculation of End of Service Benefits: Detailed calculation of end of service award as per Saudi Labor Law

2. Schedule 2 - Final Settlement Breakdown: Itemized list of all payments and deductions

3. Schedule 3 - Company Property Register: List of all company property to be returned

4. Schedule 4 - Outstanding Obligations: List of any outstanding obligations or commitments

5. Appendix A - Handover Checklist: Detailed checklist of handover requirements and status

6. Appendix B - Release Form: Standard form for mutual release of claims

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























Clauses


























Relevant Industries

Banking & Financial Services

Oil & Gas

Manufacturing

Technology

Healthcare

Construction

Retail

Professional Services

Education

Telecommunications

Real Estate

Hospitality

Transportation & Logistics

Energy

Mining

Relevant Teams

Human Resources

Legal

Finance

Operations

Administration

Management

Compliance

Payroll

Employee Relations

Corporate Services

Relevant Roles

Chief Executive Officer

Managing Director

General Manager

Department Head

Senior Manager

Project Manager

Technical Specialist

Sales Executive

Administrative Officer

Human Resources Manager

Finance Manager

Operations Manager

Engineer

Supervisor

Coordinator

Analyst

Developer

Accountant

Marketing Executive

Customer Service Representative

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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