Free Employee Settlement Agreement Template
Employee Settlement Agreement
I. Parties Involved
This Settlement Agreement ("Agreement") is made and entered into by and between [EMPLOYEE NAME], residing at [EMPLOYEE ADDRESS] ("Employee") and [YOUR COMPANY NAME], a corporation organized and existing under the laws of [STATE OR COUNTRY], with its principal office located at [YOUR COMPANY ADDRESS] ("Employer").
II. Recitals
A. The Employee has been employed by the Employer since [EMPLOYEE START DATE] and holds the position of [EMPLOYEE JOB TITLE].
B. Disputes have arisen between the Employee and the Employer regarding certain employment matters.
C. The parties desire to settle all issues, disputes, and claims relating to the Employee’s employment and its termination completely and finally.
III. Terms of Settlement
A. Payments and Compensation
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The Employer agrees to pay the Employee a total settlement amount of [SETTLEMENT AMOUNT], payable in [NUMBER OF INSTALLMENTS] installments.
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Each installment will be paid by [PAYMENT METHOD] on or before the [PAYMENT DUE DATE] of each month.
B. Release of Claims
The Employee agrees to release and forever discharge the Employer, its affiliates, successors, and assigns from any and all claims, lawsuits, demands, actions, or other proceedings relating to the Employee's employment and the cessation thereof.
C. Confidentiality
Both parties agree not to disclose the terms of this Agreement, except to their legal or financial advisors or as required by law. This confidentiality clause shall survive the termination of this Agreement.
IV. General Provisions
A. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior discussions, agreements, or understandings of any kind.
B. Amendment
This Agreement may only be amended in writing signed by both parties.
C. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [APPLICABLE JURISDICTION].
V. Signatures
IN WITNESS WHEREOF, the parties have executed this Employee Settlement Agreement as of the [DATE].
[EMPLOYEE NAME]
[DATE]
[YOUR COMPANY REPRESENTATIVE NAME]
[DATE]
