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Confidential Severance Agreement And General Release

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The employee promises and agrees never to issue, publish or communicate to a natural or legal person or to a public forum any remarks, comments or statements that are defamatory or derogatory towards the company, its companies or any of its employees or senior managers. This section does not limit or prevent the employee from exercising any protected rights (for example. B the rights conferred by the National Labor Relations Act (NLRA) to the extent that such rights cannot be surrendered by an agreement, if applicable laws or regulations or a valid order of a competent court or authorized governmental authority can be complied with. In consideration of the Employee`s performance, non-appeal and compliance with this Agreement, including the waiver and release of the rights set out in Section 6, the Company agrees to make available to the Employee the following benefits (“Separation Services”): this is optional and may or may not include cash payment. == The law only requires workers to receive a salary because of the last working day and the accumulated leave. Even the largest companies lay off employees without severance pay. You will find the conditions of the departure packages in your employment contract. Remember that the company wants you to sign the agreement, so you don`t have any future claims. Consider whether the proposed redundancy package is worth this release.

In the personnel manual you will find rules and procedures for dismissals. Pay particular attention to the company`s policy on different reasons for dismissal. For example, if this is due to a reduction in the business, you may be entitled to an indemnity plan or additional payments. Severance pay may take the form of benefits rather than cash. This form has been prepared for general information purposes only. They do not constitute legal advice, advertisements, invitations or tax advice. The terms replace other agreements, including your employment contract, so take a close look at the terms. The terms and conditions include: this Agreement contains the full agreement of the parties with respect to the separation of the employee from the employment relationship and the subject matter of this Agreement and supersedes all prior and simultaneous, written and oral agreements, agreements, assurances and warranties between the parties, except in section [9] of this Agreement.

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