Release by Employee of Claims against Employer related to Terminated Employment Include the Release of Employee Benefit and Pension Plans and Funds by pellcity27

VIEWS: 54 PAGES: 3

More Info
									              Release by Employee of Claims against Employer related
           to Terminated Employment Including the Release of Employee
                       Benefit and Pension Plans and Funds

Release Agreement made on and effective the ___ day of __________, 20___,
between (Name of Employee) of (street address, city, county, state, zip code), referred
to herein as Releasor, and (Name of Employer), a corporation organized and existing
under the laws of the state of (Name of State), with its principal office located at (street
address, city, county, state, zip code), referred to herein as Company.

Whereas, a certain contract of employment was entered into between Releasor and
Company on (date), and a copy of the contract is attached to as Exhibit A, and made a
part of this Release; and

Whereas, Releasor claims that Company has breached said contract and did
wrongfully terminate him in the following ways: (describe facts claimed by employee as
to breach of contract and wrongful termination);

Whereas, Company claims that it has not breached said contract and that Releasor
was terminated for the following lawful reasons: (describe);

Whereas, Releasor is willing to release Company from all past and present claims
based on said contract and said alleged wrongful termination on the terms set forth in
this Release;

Now, therefore, for and in consideration of the mutual covenants contained in this
Agreement, and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties agree as follows:

I.       In consideration of $_________ paid to Releasor by Company, receipt of which
is acknowledged, Releasor, for (himself or herself) and (his or her) heirs, legal
representatives and assigns, releases and forever discharges Company, its partners,
affiliated entities, successors and assigns, of and from all claims, demands, actions and
causes of action of any kind or nature at law or in equity, based on the above-
mentioned contract and/or said alleged wrongful termination. This Release applies to all
past and existing claims, including, but not limited to, such rights of Releasor under the
contract as (describe rights of employee/releasor, including basic compensation and
fringe benefits).

II.      In consideration of the payments and benefits referred to in Section I above of
this Agreement, Releasor, for (himself or herself) and (his or her) heirs, legal
representatives and assigns, releases and forever discharges Company, its partners,
affiliated entities, successors and assigns, and any and all of its or their employee
benefit and/or pension plans or funds, and any of its or their respective past or present
partners, directors, agents, trustees, administrators, employees or assigns or members
of the immediate family of any such person (whether acting as agents for such entities
or in their individual capacities), hereinafter jointly and severely referred to as the
Releasees, from any and all claims, demands, causes of action, fees and liabilities of
any kind whatsoever (based upon any legal or equitable theory, whether contractual,
common-law, statutory, federal, st
								
To top