Severance Package Agreement Template
This form was written only for general information purposes. This is not legal advice, advertising, solicitation or tax advice. The transmission of this form and the information it contains is not intended to create a legal and client relationship, and their receipt does not constitute a legal and client relationship. You should not rely on this document or information for any purpose without seeking the assistance of a properly authorized lawyer, including, but not limited to, the verification and advice on the terms of this form, the necessary authorizations in connection with the transactions provided for in this form and all the securities laws and other legal matters provided in this form. In return, the worker must respect the separation agreement, the employer must take into account some kind of von. Consideration is an amount that can be legally remitted as payment to a natural or legal person for the purpose of fulfilling an obligation. For it to be considered legitimate, it must be useful with respect to what is requested. For example, a $100 payment to the employee for a list of claims that severely affects the employee`s ability to find a new job may seem unfair to a court. This agreement constitutes the full agreement between you and Denern regarding the purpose of this Agreement and replaces all previous oral or oral agreements relating to this purpose.
You acknowledge that neither the authorizations, nor their agents, nor their lawyers have given any commitment, assurance or guarantee of any kind, either expressly, or implicitly, written or oral, which is not included in this agreement to bring you to the implementation of the agreement, and you acknowledge that you recognize this agreement by invoking the promises, guarantees and guarantees contained in it. , were executed. , and that you execute this agreement voluntarily, without coercion or coercion. The employer pays the employee a total [separation pay] (i.e. 2 months) (total amount $Severance amount in dollars) (hereafter the severance pay). A severance package for workers over the age of 40 must contain information on the Employment Age Discrimination Act, which protects workers over the age of 40 from age discrimination. If you use a model for workers over 40, make sure that the layoff is clearly related to their age.