Common use of CONTRACT EXPIRATION AND TERMINATION Clause in Contracts

CONTRACT EXPIRATION AND TERMINATION. 18.1. This Contract may be terminated in the manner on the following grounds: 1) by agreement of the Parties; 2) in connection with the expiration of the Contract; 3) at the initiative of the Employer; 4) in connection with the transfer of the Employee to another employer; 5) at the initiative of the Employee; 6) when circumstances arise that are not dependent on the will of the Parties; 7) in case of refusal of the Employee to continue the employment relations; 8) in case of violation of the conditions for concluding the Contract. 18.2. the Company may terminate the employment relations stipulated in this Employment Contract with an immediate effect in the following cases: 1) for the reason that the Employee has committed a violation that constitutes grounds for dismissal in accordance with the provisions of Article 57 (1) of the AIFC Labour Rules; or 2) if the Employee has violated any of the conditions and provisions of this Contract, and the Employee could not eliminate this violation within 60 days after the Employee received a written notice from the Company indicating the violation; or 3) The Employee is on a probation period referred to in paragraph 4; 18.3. Upon dismissal from work under this Contract, the Employee shall: 1) cooperate in the revocation of his employment visa for work in the Republic of Kazakhstan; 2) transfer to the Company all documents produced, compiled or acquired by [him/her] that are in [his/her] possession, storage, maintaining or control as a direct result of [his/her] employment, including (but not limited to) business cards, credit and payment cards, security and computer permits, or other data storage media related to the business or affairs of the Company; 18.4. Termination of the Contract shall be executed by the act of the Employer, which indicates the basis for termination of the Contract. A copy of the Employer’s act of termination of the Contract is handed to the Employee or sent to him by letter with a notice within three days. 18.5. The date of termination of the Contract shall be the last day of work, with the exception of cases of violation of the AIFC Rules and internal regulations of the Company. On the day of termination of the Contract, the Company shall be obliged to issue a document confirming the Employee's employment.