T

Termination

Definition

The conclusion of an employee’s contract, either voluntarily (resignation) or involuntarily (layoff, misconduct).

Context & Importance

Handled improperly, it can risk lawsuits and brand reputation.

Use Cases

• Processing resignations or retirements
• Dismissing employees for violation of policy

Related Concepts

Exit management, full-and-final settlement, separation.

TankhaPay Relevance

Automate documentation, settlements, and revoke access securely.