VIEWS: 1,852 PAGES: 6 CATEGORY: Firing Employees POSTED ON: 9/21/2009
This is an agreement between a company and a former employee that sets forth the separation terms of the former employee. The former employee will receive a severance package and continue to receive benefits. In exchange, the former employee must agree to release the company against all potential claims in the future. This document contains numerous standard provisions that are commonly included in these types of agreements, and may be customized to fit the specific needs of the contracting parties. This agreement can be used by small businesses or other entities that want to provide former employees with a severance package in a return for a release of all claims.
"Separation and Release Agreement"