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  What Does Termination of Employment Mean? Termination refers to the end of an employee's employment with an organization. An employee may be dismissed at his own discretion or by following the decision of the employer. Termination, poor job performance or layoffs(Kagan, 2023) Notice of Employment Termination: Meaning and Considerations. (Kenton, 2023) What Is a Notice of Termination? A notice of termination is used by an employer to announce the termination of an employee's employment contract. More broadly, it can also refer to formal notification of the conclusion of a contract between two or more parties. However, in some cases, employers must give workers advance notice of mass layoffs or plant closings, especially if they are members of a union. (Kenton, 2023) What Are Terms of Employment? Terms of employment specify the responsibilities and benefits associated with employment agreed upon by the employer and employee at the time of employment. These terms, also referred ...