Understanding Full and Final Settlement (FNF)
FNF stands for Full and Final Settlement. Regarding the termination letter, please ensure that a show-cause notice is given, an explanation is sought, and review the termination clause beforehand.
Termination Letter Format
Please find below the format of the termination letter:
Date: _____
To: ________
Subject: Termination Letter
Dear Mr. _______,
This letter refers to the previous communication sent to you with the subject of Show-cause on ___2014. In that communication, we had explicitly instructed you to address your performance issues and your non-adherence to company policies. However, to date, you have neither improved your performance nor informed your supervisor of any challenges you are facing.
Due to your negligence towards your duties, Management has decided to terminate your services with immediate effect. The Full and Final Settlement will be processed within 3 working days.
For __________,
HR MANAGER