This letter shall acknowledge our mutual agreement terminate the contract between us effective date December 31, 2015, due to a change in business conditions and organizational fit to efficiency in year 2016.
The period between December 1, 2015 and December 31, 2015 is referred to in this agreement as the “notice period.” During the notice period your employment status will remain unchanged.
We will provide you with a severance package with a lump sum payment equal to 20 days base on day rate, representing your severance and entitlement as Consultant Agreement Contract date August 25, 2015. Payment will be made through the usual means as part of the January 10, 2016 pay cycle.
This package is open for your review and acceptance until date December 3, 2015.
If you have any questions concerning the information contained in this letter, please contact me directly.