Employee Termination Waiver
EMPLOYEE TERMINATION WAIVER
This Employee Termination Waiver and Release Agreement (the “Agreement”) is entered into on this 5th day of January, 2051, by and between [YOUR COMPANY NAME] (the “Company”) and Amelia Pagac (the “Employee”), who agree to the following terms and conditions:
I. Severance Package Terms
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Severance Payment: The Company agrees to provide the Employee with a severance payment totaling $25,000, which shall be paid in two installments: $12,500 on January 15, 2051, and $12,500 on February 15, 2051, in accordance with the Company’s payroll policies.
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Additional Benefits: The Employee will continue to receive health insurance coverage until March 31, 2051.
II. Employee’s Waiver of Claims
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In consideration for the severance package and other benefits provided, the Employee agrees to waive and release the Company from any and all claims, liabilities, or causes of action, known or unknown, arising out of or related to the Employee’s employment with the Company or the termination thereof.
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This waiver includes, but is not limited to, claims under:
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Title VII of the Civil Rights Act
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Americans with Disabilities Act (ADA)
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Age Discrimination in Employment Act (ADEA)
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Family and Medical Leave Act (FMLA)
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Any other relevant federal, state, or local employment laws and regulations.
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III. Confidentiality Agreement
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The Employee agrees to keep the terms of this Agreement, including the amount of severance, strictly confidential.
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Non-Disclosure: Employee further agrees not to disclose or share any proprietary or confidential information learned during employment, including trade secrets, client information, or other confidential Company information.
IV. Non-Disparagement Clause
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The Employee agrees not to make any statements, written or verbal, that could damage the Company’s reputation or business interests.
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This includes any statements made publicly, to former colleagues, clients, or on social media.
V. Return of Company Property
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The Employee agrees to return all Company property, including, but not limited to:
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Laptops, cell phones, and other electronic devices
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ID badges, company access cards, and office keys
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Documents, files, and other proprietary information, both physical and digital
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All property must be returned by January 10, 2051 to avoid any deductions from the severance payment.
VI. Acknowledgment of Voluntary Agreement
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The Employee acknowledges that they:
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Have read and fully understand the terms of this Agreement.
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Were given a period of 21 days to consider the Agreement.
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Were advised to consult with an attorney prior to signing the Agreement and fully understand its implications.
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VII. Revocation Period
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The Employee has the right to revoke this Agreement within 7 days of signing. Any revocation must be submitted in writing to the Company’s HR department.
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If revoked, the Employee will forfeit any and all severance benefits outlined in this Agreement.
VIII. Governing Law
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This Agreement shall be governed and interpreted in accordance with the laws of the State of California.
Signatures
This Agreement represents the complete understanding between the Employee and the Company regarding the termination of employment and the provision of severance benefits. By signing below, both parties agree to the terms stated above.
Amelia Pagac
Employee
January 5, 2051
Maxwell Mante
HR Director
January 5, 2051
