www.Cover-Letters.com - 1,001 FREE Cover Letters For Career Change and Job Hunt

About Us | Contact Us | A- A+ A°

Icon Key

Career Management

Negotiate Fair Termination Settlement

TO: T. Randolph Edwards
FROM: Robert Wolfe
DATE: April 18, 20––
SUBJECT: Outplacement, Director of Finance

This memo is a follow-up to our meeting of April 12th in which we discussed the arrangements necessary for me to make a smooth transition from Worldwide Manufacturing to another company. Here are the 10 points we covered:

My employment as Director of Finance will continue at my current salary level through January 2nd, and I will be free, at my discretion, to take time off for personal business.

I will receive a lump sum severance payment amounting to 12 months' salary (based on my current rate of pay) the day I leave the company.

All my benefits (Medical and Dental Insurance, Matching Donations, Thrift Plan) will continue for one year after my departure.

All bonuses (gainsharing, executive incentive paid at target achievement level) will be paid for 12 months after my departure, as though I were a full-time employee. Bonuses to be paid when other employees receive their checks.

You will permanently remove my recent poor performance review from personnel file, and I will review and approve my personnel records before leaving.

Senior management will give my reason for leaving as "Position eliminated by corporate restructuring caused by sale of company."

Worldwide Manufacturing will provide me outplacement assistance of $16,500 (15% of annual compensation) within 30 days of joint approval of this agreement.

I will vest 100% in pension and 401K plans.

Existing stock options will take effect upon my departure.

I will be free to cease active employment at any time before January 2nd, if I accept a job offer.

Randy, I have enjoyed our work together, and am sorry to see it coming to an end. I am confident this package is fair to all of us, and that it represents a sound basis for a smooth transition.

Comments

Add a Comment

Your rating:

Name:

Your URL:

Your e-mail:

Message:

Enter security code:

(please enter the
numbers on the image)

25 Reasons I love consulting.
by William S. Frank

Brand. You are your own brand, and you can define it any way you want. For many years, I provided outplacement to the ex-employees of Schlumberger, the world's largest oilfield service corporation. When departing employees left the company, they didn't request outplacement in their severance package. They said, "I want Bill Frank."
Demand. The world will always be full of terrible problems that need solving.
White Hat. I can be a helper and get paid for it.
Pay. I can be paid to do things I'd gladly do for nothing.
Variety. Every day is different.
Happiness. At this stage of my career, I only work for people I respect and care about. If a client micromanages me or is otherwise no fun, I complete the assignment and replace them.
Talent. I'm using 110% of my talents and stretching myself to the max.
Change. I can change my focus any day I want. If you're a McDonald's franchisee, you don't say, "Hey, I've got this great idea for a meatball sandwich—let's try it out today." In consulting you can adjust your focus hour-by-hour, as long as your clients still understand and appreciate what you do.
Income. No one else would pay me as much as I pay myself.
FUN. I can't think of anything I'd rather be doing.
Retirement. I can write and consult as long as I am physically and mentally capable. Peter Drucker worked into his 90s, and when asked which book was his best, he said: "My next one."
Job Security. Although clients come and go, no one can come into my office and say, "Pack up your stuff . . . You don't work here anymore." In 29 years, I've only had one employer: ME.
Travel. I don't have to travel unless I decide to. I travel if it's both FUN and profitable—or at least FUN.
Commute. I live five minutes from my office, a corner office in an upscale six-story tower. In winter, I leave a heated garage at home and drive to an underground heated garage at work. There's seldom time to hear even one song on the radio.
Vacation. Consulting is more fun than vacation (except on Wailea Beach in Maui).
Friends. I have developed hundreds of close acquaintances and several lifetime friends.
Time. I can work as much or as little as I like: four-hour days or 18-hour days. (Of course, my income will reflect that.)
Employees. I can work with employees, subcontractors, partners, or alone—I've done it all.
Passive Income. I've developed several products that provide "mailbox money." I earn while I'm sleeping.
Ethics. I've never had to violate my values or personal code of ethics. I've never had to lie, purposely deceive or harm others, or promise things I can't deliver. I go to bed with a clear conscience. That doesn't mean there's never any conflict. But the conflict is conducted according to generally accepted business practices.
Virtual. My career is fairly portable. With the Internet, e-mail, cell phone, and FedEx, I can work nationally, even internationally from my office—or anywhere in the world.
Purpose. I make a difference in peoples' lives every day. I see it in their faces, hear it in their voices, and read it in their thank-yous.
Experience. Every painful or joyful life experience makes me a better consultant. So does every person I meet or book I read. Grey hair can be good in consulting.
Structure. I have to work very hard, and the clients expect superb results—but I get to structure my days, weeks, months, and years.
Boss. Most of the time, I love my boss.

As I was posting these letters online, I realized I want to communicate my love for consulting. It's just a great business. The single letters, taken together, may create a picture of enjoyment, but in a burst of creativity I listed some of the reasons consulting is such a good fit for me—and perhaps for you, too. They are not prioritized; this is just how they came out.