A contract is usually discharged by performance of the terms of the agreement. A contract may be discharged pursuant to a provision in the contract or by a subsequent agreement. For example, there may be a discharge by the terms of the original contract when it says it will end on a certain date. There may be a mutual cancellation when both parties agree to end their contract. There may be a mutual rescission when both parties agree to annul the contract and return to their original positions as if the contract had never been made. This would require returning any consideration (e.g., money) that had changed hands.
Other examples of discharge by agreement are:
• accord and satisfaction;
• a release; and
• a waiver.
A severance negotiation letter template with salary range is a document that outlines the terms and conditions for a departing employee to negotiate their severance package, including the requested salary range. This type of letter serves as a tool for employees to communicate their expectations and negotiate a fair compensation package upon leaving a company. The content of a severance negotiation letter template with salary range should include the following key elements: 1. Introduction: Begin the letter by addressing it to the relevant party, such as the HR manager or supervisor, and clearly state the purpose of the letter, which is to negotiate the terms of the severance package. 2. Personal Information: Provide your personal details, such as full name, employee ID, and position, to ensure proper identification. Additionally, include your contact information, including phone number and email address, for easy communication. 3. Employment Details: Mention the duration of your employment with the company, including the exact date of joining and the planned departure date. Emphasize your contributions, achievements, and any critical roles you played during your tenure with the organization. 4. Severance Package Request: Precisely outline the compensation you are seeking in terms of the salary range. This includes specifying the minimum and maximum salary you would find acceptable for the severance package. Keep in mind that this range should be reasonable and reflect your qualifications, experience, and industry standards. 5. Justification for Requested Salary Range: Explain the reasons why you believe your desired salary range is justified. Highlight your skills, experience, and accomplishments that make you a valuable asset to the company. Mention any industry benchmarks, salary surveys, or market rates that support your demands. 6. Additional Benefits: Apart from the base salary range, include any other benefits or compensations you would like to negotiate for, such as extended healthcare coverage, continuation of company contributions to retirement plans, or assistance with job placement. 7. Alternative Options: If you are open to alternative solutions, such as reduced working hours or a different job role within the company, mention them in this section. This allows for flexibility and shows your willingness to find a mutually beneficial agreement. 8. Timeline and Meeting Request: Specify a reasonable timeline for the company to review your proposal and respond. Request a meeting or conversation to further discuss the terms and negotiate the final agreement. Share your availability and suggest possible dates for the meeting. Different types of severance negotiation letter templates with salary range may vary based on specific circumstances or industries. Some common examples include: 1. Executive Severance Negotiation Letter: Tailored for high-level executives or senior management positions, this template would outline the requested salary range and executive-level benefits. 2. Redundancy Severance Negotiation Letter: Meant for employees being laid off due to redundancy, this template might focus on alternative employment options or enhanced benefits due to the specific circumstances. 3. Unfair Dismissal Severance Negotiation Letter: Used in cases where an employee feels they have been unfairly dismissed, this template may emphasize compensation for damages or legal considerations, in addition to the requested salary range. Remember to customize the severance negotiation letter template with salary range to your specific situation and needs. It is essential to maintain a professional and respectful tone throughout the letter while clearly stating your expectations and justifications for the requested salary range.
