The former England Under 19 captain was found guilty on two counts last week
Derbyshire have sacked Shiv Thakor after he was found guilty on two counts of indecent exposure.
Derbyshire Police investigated two allegations related to incidents which took place on a housing estate in Mackworth.
Last Wednesday, the district judge at South Derbyshire Magistrates' Court accepted that both charges were proven.
He is due to be sentenced on November 24 and, having previously suspended the all-rounder on full pay, Derbyshire have now chosen to cut their ties from Shakor.
A statement from the county read: "Derbyshire County Cricket Club has terminated Shiv Thakor’s contract with immediate effect.
"On Wednesday 15 November, Thakor was found guilty at Southern Derbyshire Magistrates Court in connection with two accounts of sexual exposure.
"The club expects the highest standards of behaviour from all its staff and is opposed to sexual harassment in any form.
"Following last week’s court decision, the club has reviewed the case and Thakor’s contract has been terminated with immediate effect.
"The club will make no further comment."
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