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New Hampshire Employment Separation Agreement & General Release

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                             This Employment Separation Agreement & General Release is used by a company when
                             terminating an employee. It provides for unemployment insurance benefits and a
                             severance payment to the terminated employee. In exchange, the terminated employee
                             agrees to release the company from any and all claims and actions arising out of his or her
                             employment at the company. This document should be used by companies located in New
                             Hampshire when terminating an employee as a means of protection from future litigation
                             arising out of the employment relationship.
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        EMPLOYMENT SEPARATION AGREEMENT & GENERAL RELEASE

THIS EMPLOYMENT SEPARATION AGREEMENT (hereinafter referred to as
“Agreement”) is made effective as of ______ [Month] ____ [Date], 20___ [Year], by and
between __________________________ [Instruction: Insert the name of the employee]
hereinafter referred to as the “Employee” and ___________________________ [Instruction:
Insert the name of company] including its members, owners, directors, agents, employees,
attorneys, assigns, and representatives hereinafter referred to as the “Company”.

WHEREAS the Employee has been employed as the _______________________ [Instruction:
Insert the designation of the Employee] from ____ [Month] ___ [Date], 20____ [Year];

WHEREAS the Employee is irrevocably separating from employment with the Company
effective ______ [Month] ____ [Date], 20___ [Year], hereinafter termed as the “Employment
Termination Date”;

WHEREAS it is the desire of the Company and the Employee to set forth herein their mutual
agreement with respect to all matters relating to (i) the Employee’s separation from employment
with the Company; and (ii) the Employee’s release of claims, all set forth herein;

NOW THEREFORE, for and in consideration of the mutual covenant and promises contained
herein, the parties hereby agree to as follows:

   1. Termination of Employee.

       Separation from employment was involuntary, occurring in connection with
       ________________________________________________________________________
       ________________________________________________________________________
       ________________________________________________________________________
       [Instruction: Insert list of reasons, e.g., reduction in workforce brought about by
       economic conditions in the company’s marketplace, etc.] The Company agrees that
       Employee is entitled to receive unemployment insurance benefits as a result of the
       termination. The Company specifically confirms that there was no misconduct on the
       part of the Employee, as the term “Misconduct” is defined for purposes of determining
       eligibility for unemployment insurance benefits. [Optional]

   2. Payment and Other Compensation. On the Employment Termination Date, separately
      from this agreement, the Company has paid to the Employee unconditionally all wages
      earned ________ ($___) [Instruction: Insert the wages earned, e.g., five hundred
      dollars ($500)] through the Employment Termination Date. Those payments were made
      by checks, wire transfer, cash, or direct account deposit, which are separate from the
      severance payment described later in this paragraph. The Employee’s receipt of the
      accrued wages and accrued vacation were not in any way dependent on his/her agreement
      to sign this Agreement in exchange for a severance payment.

   3. Severance Payment. In addition to the foregoing, and in exchange for the mutual
      promises contained in this agreement, the Company agrees to pay to the Employee upon



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       his/her signature of this Agreement, a single severance payment in the gross amount of
       ________ ($___) [Instruction: Insert the wages earned, e.g., five thousand dollars
       ($5,000)]. The Employer will deduct from that gross amount the withholding amounts
       required by state and federal law. As required by law, that amount will be included in the
       Employee’s gross earnings for calendar year 20____ [Instruction: Insert the calendar
       year, e.g., 2010].

   4. General Release. In exchange for the promises of the Company contained in this
      Agreement, the Employee hereby releases, acquits, and forever discharges the Company
      and/or its parent corporation, subsidiaries, divisions, predecessors, successors, and
      assigns, as well as past and present officers, directors, employees, shareholders, trustees,
      joint venturers, partners, and anyone claiming through them herein after termed as the
      “Released Parties” including their agents, employees, officers, and directors from all
      claims, controversies, grievances, disputes, and actions of every kind, known or
      unknown, vested or contingent, past or present, arising out of his employment at the
      Company. This release includes all claims for breach of contract, claims for defamation,
      or for violation of civil rights, claims for harassment, retaliation, and/or discrimination
      under the Civil Rights Act of 1964, the Family & Medical Leave Act, the National Labor
      Relations Act, the Labor Management Relations Act, the Pregnancy Discrimination Act
      and its state counterpart, claims arising through the date hereof under the Age
      Discrimination in Employment Act of 1967 (as amended by the Older Workers Benefit
      
				
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Description: This Employment Separation Agreement & General Release is used by a company when terminating an employee. It provides for unemployment insurance benefits and a severance payment to the terminated employee. In exchange, the terminated employee agrees to release the company from any and all claims and actions arising out of his or her employment at the company. This document should be used by companies located in New Hampshire when terminating an employee as a means of protection from future litigation arising out of the employment relationship.
This document is also part of a package Essential New Hampshire Legal Documents 144 Documents Included