diff --git a/deploy/helm/pulumi-operator/Chart.yaml b/deploy/helm/pulumi-operator/Chart.yaml
index aa3a594f..5946b12f 100755
--- a/deploy/helm/pulumi-operator/Chart.yaml
+++ b/deploy/helm/pulumi-operator/Chart.yaml
@@ -9,7 +9,7 @@ icon: https://www.pulumi.com/logos/brand/twitter-card.png
 
 type: application
 
-version: 0.4.0
+version: 0.5.0
 appVersion: 1.14.0
 
 keywords:
@@ -25,7 +25,7 @@ maintainers:
 annotations:
   artifacthub.io/containsSecurityUpdates: "false"
   artifacthub.io/changes: |
-    - v1.14.0 release
+    - set terminationGracePeriodSeconds for HelmCharts (#520)
   artifacthub.io/images: |
     - name: pulumi-kubernetes-operator
       image: docker.io/pulumi-kubernetes-operator:v1.14.0
diff --git a/deploy/helm/pulumi-operator/README.md b/deploy/helm/pulumi-operator/README.md
index 130ea826..51f45a3b 100644
--- a/deploy/helm/pulumi-operator/README.md
+++ b/deploy/helm/pulumi-operator/README.md
@@ -1,6 +1,6 @@
 # node-red ⚙
 
-![Version: 0.3.0](https://img.shields.io/badge/Version-0.3.0-informational?style=for-the-badge) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=for-the-badge) ![AppVersion: 1.13.0](https://img.shields.io/badge/AppVersion-1.13.0-informational?style=for-the-badge)
+![Version: 0.5.0](https://img.shields.io/badge/Version-0.5.0-informational?style=for-the-badge) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=for-the-badge) ![AppVersion: 1.14.0](https://img.shields.io/badge/AppVersion-1.14.0-informational?style=for-the-badge) 
 
 ## Description 📜
 
@@ -11,7 +11,7 @@ A Helm chart for the Pulumi Kubernetes Operator
 To install the chart using the OCI artifact, run:
 
 ```bash
-helm install pulumi-kubernetes-operator oci://ghcr.io/pulumi/helm-charts/pulumi-kubernetes-operator --version 0.3.0
+helm install pulumi-kubernetes-operator oci://ghcr.io/pulumi/helm-charts/pulumi-kubernetes-operator --version 0.5.0
 ```
 
 ## Usage
@@ -27,7 +27,7 @@ helm repo update
 To install the chart with the release name `pulumi-kubernetes-operator` run:
 
 ```bash
-helm install pulumi-kubernetes-operator pulumi-kubernetes-operator/pulumi-kubernetes-operator --version 0.3.0
+helm install pulumi-kubernetes-operator pulumi-kubernetes-operator/pulumi-kubernetes-operator --version 0.5.0
 ```
 
 After a few seconds, the `pulumi-kubernetes-operator` should be running.
@@ -88,6 +88,7 @@ The command removes all the Kubernetes components associated with the chart and
 | serviceAccount.create | bool | `true` | Create service account |
 | serviceAccount.name | string | `""` | Service account name to use, when empty will be set to created account if |
 | serviceMonitor.enabled | bool | `false` | When set true then use a ServiceMonitor to configure scraping |
+| terminationGracePeriodSeconds | int | `300` | Specifies termination grace period, default: `300` |
 | tolerations | list | `[]` | Toleration labels for pod assignment |
 
 Specify each parameter using the `--set key=value[,key=value]` argument to `helm install`. For example,
diff --git a/deploy/helm/pulumi-operator/templates/deployment.yaml b/deploy/helm/pulumi-operator/templates/deployment.yaml
index ef14e0b2..09f6a96f 100644
--- a/deploy/helm/pulumi-operator/templates/deployment.yaml
+++ b/deploy/helm/pulumi-operator/templates/deployment.yaml
@@ -83,6 +83,9 @@ spec:
         {{- toYaml . | nindent 8 }}
       {{- end }}
       serviceAccountName: {{ include "pulumi-kubernetes-operator.serviceAccountName" . }}
+      {{- if .Values.terminationGracePeriodSeconds }}
+      terminationGracePeriodSeconds: {{ .Values.terminationGracePeriodSeconds }}
+      {{- end }}
       {{- if .Values.podSecurityContext }}
       securityContext:
         {{- toYaml .Values.podSecurityContext | nindent 8 }}
diff --git a/deploy/helm/pulumi-operator/values.yaml b/deploy/helm/pulumi-operator/values.yaml
index fec4cee8..4797626b 100644
--- a/deploy/helm/pulumi-operator/values.yaml
+++ b/deploy/helm/pulumi-operator/values.yaml
@@ -4,6 +4,9 @@ deploymentStrategy: ""
 # -- Specifies the replica count for the deployment
 replicaCount: 1
 
+# -- Specifies termination grace period, default: `300`
+terminationGracePeriodSeconds: 300
+
 image:
   # -- The image registry to pull from
   registry: docker.io