{"id":105982,"date":"2023-03-17T16:32:37","date_gmt":"2023-03-17T16:32:37","guid":{"rendered":"https:\/\/businessyield.com\/?p=105982"},"modified":"2023-04-05T18:38:15","modified_gmt":"2023-04-05T18:38:15","slug":"termination","status":"publish","type":"post","link":"https:\/\/businessyield.com\/business-core-values\/termination\/","title":{"rendered":"TERMINATION: Meaning, Law, Process & Employment Tips to Know","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

Some common reasons for termination are poor performance or incompetence, problems with attendance, and disobedience or other bad behavior. An employee could also be fired for misconduct, which includes lying, making up information, stealing, or doing something else that isn’t right. Going further in this article, we will discuss termination of employment, letter of termination, the optical network, and the law of wrongful termination.<\/p>\n\n\n\n

Termination<\/span><\/h2>\n\n\n\n

This simply means the act of ending something, or the end of something. Termination legally means finishing a contract’s unfinished business. It is different from “rescission,” which means putting the parties back where they were before the contract. When a lease is terminated, the relationship between the landlord and the tenant ends before the lease term is over. For partnerships, “termination” means that the business and affairs of the partnership are over. This can happen before the partnership dissolves.<\/p>\n\n\n\n

Termination of Employment<\/h2>\n\n\n\n

Termination of employment is the end of an employee’s job with a company. A job can end either by the employee’s own choice or by the decision of the employer. Employers can fire someone for a number of reasons, such as downsizing, poor performance on the job, or redundancies.<\/p>\n\n\n\n

If an employee hasn’t been terminated, they’re still deemed to be working for the company even if they’re sick, on leave, or on furlough.<\/p>\n\n\n\n

How Termination of Employment Works<\/h3>\n\n\n\n

when your employment ends their job, you are no longer an employee and your job has ended.<\/p>\n\n\n\n

There are two types of employment terminations:<\/p>\n\n\n\n