Termination Processing
When an employee's services are terminated, regardless of the reason, the employer must make mandatory payments to the employee, depending on the circumstances. Payments can consist of:
Final wages.
Unused leave entitlements.
Redundancy and retrenchment payments.
Early retirement.
Invalidity and disability payments.
Pay in lieu of notice (considered an ETP).
Ex gratia payments (considered an ETP).
The calculation of these payments can vary from organization to organization depending on the reason for termination.