Indiana 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
                             Indiana 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]
herein after 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



© Copyright 2011 Docstoc Inc. registered document proprietary, copy not              2
       termination. Company specifically confirms that there was no misconduct on the part of
       Employee, as the term “Misconduct” is defined for purposes of determining eligibility for
       unemploymen
				
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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 Indiana 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 Indiana Legal Documents 145 Documents Included