If you sign a clause that you have already violated (or if you violate the clause after signing it) and your employer will find out, they could argue that they no longer have to fulfill their side of the business. You might refuse to pay the payment for the transaction, or even try to get back the money they have already paid you. Termination date: the date on which your employment relationship has ended or is ending. This can be many months away, or very often the proposed date is a few days from the date you submitted the contract (or if the date has expired). Your termination date also depends on the notice period to which you are entitled (see below). Most settlement agreements are intended to cover all types of claims you might have against your employer. .