<aside> 💡 This Termination and Severance Policy delineates the procedures governing the termination of contractor engagements at Trio, emphasizing transparency, fairness, and legal compliance. Tailored for our contractor structure, this policy recognizes the pivotal role contractors play in Trio's success. It sets clear expectations for both parties, fostering positive and collaborative relationships.
As a living framework, it adapts to industry changes, reflecting our commitment to contemporary, fair practices. This policy underlines Trio's dedication to treating contractors with dignity, respect, and fairness throughout their engagement, contributing to the overall success of innovative projects. It guides both contractors and Trio towards a professional, inclusive, and mutually beneficial environment.
</aside>
This Termination and Severance Policy is exclusively applicable to contractors engaged by Trio. The eligibility criteria align with the terms and conditions outlined in the individual contractor's agreement.
It is crucial to emphasize that this policy is designed for the contractor-exclusive structure of Trio and does not alter the independent contractor status of our contractors. Instead, it serves as a comprehensive guide for termination and severance procedures, ensuring fairness, transparency, and legal compliance in the conclusion of contractual engagements.
The policy aims to provide clarity on the process and expectations for both contractors and Trio while recognizing the unique considerations associated with contractor relationships.
Note that freelancers are not eligible to avail themselves of the incentives outlined in this policy.
Voluntary termination refers to when a contractor, engaged with Trio, decides to end their contractual relationship willingly. In this context, the contractor initiates the decision to terminate their engagement for various reasons such as pursuing a different opportunity, personal considerations, or any other factors that lead to the choice to conclude the contractual relationship.
Trio recognizes the autonomy of contractors in making decisions about their professional engagements and respects their right to voluntarily terminate their work in that specific project alongside Trio.
Involuntary termination occurs when Trio decides to conclude a contractor's engagement due to specific, predefined criteria. Trio takes responsibility for the decision to end the contractual relationship, ensuring that the process is carried out with fairness and under legal and contractual agreements.
While involuntary, the termination process is handled with due respect to the contractor's contributions and emphasizing clear communication and professional ethics.
Criteria
To ensure a transparent and fair process in the event of an involuntary termination, it is crucial to understand the specific criteria that Trio utilizes to make such decisions. The section outlines the various grounds on which Trio may need to involuntarily terminate a contractor’s engagement.
These criteria are established to protect the integrity of the company and maintain a productive, ethical, and legally compliant working environment. By detailing these criteria, Trio aims to provide clarity and understanding to all contractors, reinforcing the commitment to fairness and mutual respect in all professional engagements.