Agreement Concerning Termination Of Employment Contract Through Rescission
CONTRACT FOR THE TERMINATION OF THE EMPLOYMENT CONTRACT BY WAY OF ASSIGNMENT
This agreement has been prepared in order to record the principles of the termination of the employment contract of … … who has been working as … pursuant to the employment contract with … … (Company) on …/…/… date by agreement.
Article 1- Termination of Employment Contract
b) … …’s employment contract dated …/…/…/… was terminated on …/…/…/… as a result of the mutual rescission.
Article 2- Rights and Obligations of the Parties
A) Rescission Fee and Penalty Clause:
a) Rescission Fee: … … accepts that his/her employment contract has been terminated by mutual rescission and therefore he/she is not entitled to notice and severance pay and also undertakes not to file a lawsuit for reinstatement.
b) Penal Clause: Despite this acceptance and declaration, … … unconditionally accepts and undertakes to pay the penal clause of … TL … to the Company together with the highest interest applied to deposits by banks to be processed as of …/…/… without any objection whatsoever.
B) Released Matters:
1- Fees and Attachments: … … has received the wages and supplements to which he was entitled during the term of his employment contract in full and in full. There is no wage and supplement receivable.
2- Work performed outside the normal working hours: … … accepts and declares that he does not have any overtime work or overtime work. In addition, he does not work on national holidays and general holidays.
3- Annual Paid Leave: … … … has no annual paid leave that he is entitled to but has not been able to use.
Article 3- Waiver of Litigation Rights
… … , whose employment contract is terminated by way of rescission, agrees that he/she will not file a lawsuit against the Company in any matter due to the employment contract and releases the Company in all matters related to the employment relationship.
Article 5- Issues Not Covered in the Agreement
All matters not mentioned in this contract shall be subject to the provisions of the Labor Law, the Code of Obligations and the provisions of the relevant laws.
This agreement has been drawn up in duplicate on …/…/…/…date in the province of … and entered into force upon signature.
COMPANY
Name
Date
Signature
WORKER
Name
Date
Signature