Employee Waiver of Rights to Benefits
EMPLOYEE WAIVER OF RIGHTS TO BENEFITS
This Employee Waiver of Rights to Benefits ("Waiver") is made effective as of October 31, 2067, by and between Jake Willms ("Employee") and [YOUR COMPANY NAME] ("Employer").
1. Purpose of the Waiver
The purpose of this Waiver is to outline the terms under which the Employee voluntarily waives certain rights to benefits in exchange for severance pay and other benefits following their termination or layoff.
2. Background
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Termination Date: The Employee's employment with the Employer will end on October 31, 2067.
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Severance Benefits: In consideration of this Waiver, the Employee will receive:
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Severance pay of $15,000.
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Continued health benefits for 3 months.
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Access to outplacement services for job search assistance.
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3. Waiver of Rights
By signing this Waiver, the Employee agrees to the following:
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The Employee voluntarily waives and releases any and all claims against the Employer, its affiliates, and employees, including but not limited to:
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Claims for wrongful termination.
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Claims for unpaid wages or benefits.
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Claims under federal, state, or local laws, including discrimination or retaliation laws.
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4. Acknowledgment of Understanding
The Employee acknowledges that:
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They have read and understood this Waiver.
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They have had the opportunity to ask questions and seek legal counsel before signing.
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This Waiver is executed voluntarily and without coercion.
5. Confidentiality
The Employee agrees to maintain the confidentiality of the terms of this Waiver and any discussions related to their employment termination, except as required by law.
6. No Admission of Liability
The parties agree that this Waiver does not constitute an admission of liability or wrongdoing by either party.
7. Governing Law
This Waiver shall be governed by and construed in accordance with the laws of the State of California.
8. Severability
If any provision of this Waiver is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
9. Entire Agreement
This Waiver constitutes the entire agreement between the parties regarding the subject matter hereof and supersedes all prior agreements or understandings, whether written or oral.
IN WITNESS WHEREOF, the parties have executed this Employee Waiver of Rights to Benefits as of the date first above written.
Employee:
Jake Willms
October 31, 2067
Employer:
Beverly Haley
HR Manager
[YOUR COMPANY NAME]
October 31, 2067
