A New Mexico Termination for Theft of Company Property letter is a legal document that is used by employers in the state of New Mexico to terminate an employee for the act of theft or unauthorized possession of company property. This letter serves as a formal notice to the employee that their employment is being terminated due to their involvement in such activities. In New Mexico, employers have the right to terminate an employee for theft of company property as it constitutes a breach of trust and is considered a serious offense. This action is taken to protect the company's assets and maintain a productive and ethical work environment. There are different types of New Mexico Termination for Theft of Company Property letters that can be used depending on the specific circumstances and severity of the theft. Some common variations include: 1. New Mexico Termination for Petty Theft of Company Property Letter: This type of letter is used when an employee is found guilty of minor theft or unauthorized possession of insignificant company property. Despite the relatively small value involved, the employer still deems it necessary to terminate the employee due to the violation of company policies. 2. New Mexico Termination for Grand Theft of Company Property Letter: This letter is utilized when an employee is involved in a significant theft or unauthorized possession of valuable company property. Grand theft generally refers to stealing items with a higher value, which could cause substantial harm or financial loss to the company. 3. New Mexico Termination for Repeated Theft of Company Property Letter: In cases where an employee has a history of theft or unauthorized possession of company property, this type of letter is utilized. It serves to inform the employee that their actions have been noticed and are unacceptable, leading to their termination. 4. New Mexico Termination for Embezzlement of Company Funds Letter: Embezzlement involves the misappropriation or fraudulent use of company funds. This letter is used when an employee is found guilty of embezzling money from the company. As embezzlement is a severe offense, termination is usually inevitable in such cases. 5. New Mexico Termination for Property Damage Letter: While not explicitly related to theft, this type of letter is used when an employee intentionally damages or destroys company property. Property damage may include vandalism, destruction of assets, or intentional negligence leading to significant financial loss. These types of termination letters are designed to formally communicate the employer's decision to terminate the employee's employment contract based on their involvement in theft or unauthorized possession of company property. It is essential for the letter to follow relevant state laws and company policies to ensure its validity and enforceability.