Notice and record-keeping requirements. Every employer shall: 6.Below you can find our termination letter template. N.Y. Labor Law, § 195(6) requires employers to provide written notice to discharged employees, stating the effective date of termination. The notice must state the date of termination and the date that any employee benefits will cease. The most straightforward way for a contract to terminate is when both parties involved fulfill their contractual obligations. Notice and Severance Pay: New York State does not mandate employers to provide advance notice or severance pay to terminated employees. Contracts are the backbone of business transactions. The complete New York State Employee Termination Kit, which includes a how-to guide, form bundle, official letters bundle and a termination checklist. Different states have varying rules regarding separation notices or termination letters.