The last day of work is the final day an employee is required to perform their job duties and be present at work. After this day, the employee no longer needs to report to work or carry out any work-related tasks.
The termination date, however, is the official end date of the employee's employment with the company. This is the date when the employment contract formally concludes.
This distinction is particularly important for employees on garden leave. In such cases, the last day of work may occur well before the termination date.
During garden leave, employees are still technically employed and may receive pay and benefits, but they do not perform their job duties or come to the workplace.