That's a good one, Karthik.
I have a suggestion - nothing is mentioned regarding the data retrieval/storage at the time of resignation/relieving. It could be better to mention that all data needs to be handed over to the superior/SA as a part of the relieving process - unless this aspect is covered elsewhere in your HR policies. On many occasions, employees delete data [partially or completely] while handing over the laptop - especially when the parting isn't smooth.
Regards,
TS