Standard Employment Separation Agreement



Due to the complexity of the legal framework surrounding separation agreements, the effective design and offer of such an agreement should be carried out under the guidance of a lawyer. (a) employee representation. The employee represents that (i) the employee has not brought any lawsuits, lawsuits or claims of any kind against exemptions related to the employee`s employment with the company, or that he has not participated in them in any other way; (ii) the employee is not aware of any action, demand or claim, or threatens to sue, claim or fact or circumstance; that could give rise to an action, right or claim against the employee or to terminations resulting from or related to the employee`s acts or omissions during the employee`s employment in the business. As a general rule, the employee has a period within which he or she can revoke this agreement (check with an employment counsellor to determine the amount of this period for each situation). Therefore, payment should only take place after the expiry of that period. Identify all other disconnection services (e.g. B after-termination health insurance, placement services) – it is recommended to inquire with a lawyer about the appropriate formulations regarding these benefits. A review of an employee`s employment or other agreements may be necessary. The employer may have additional financial obligations to the worker due to the termination of the relationship. In “III. Severance pay”, we define whether the employer makes payments to the worker after the end of the employment period.

If the employer is not required to make payments in addition to the employee`s regular salary, mark the box “No severance pay”. If the employer is required to make an additional payment to the worker, mark the “one-time payment” box and enter the dollar amount to be paid to the worker as severance pay in the first white line of this choice. If this is the case, continue with point “A” in this selection and indicate if additional severance pay will be paid to the employee. If not, mark the “No further severance pay” box. If yes, mark the “Other severance pay” box and indicate what this allowance is made of in the blank line indicated. If the employer is expected to pay more than one severance pay to the worker, do not leave the first two options in this selection marked and activate the box to check “Multiple payments”. You must also set the dollar amount of each payment that the employer must make to the employee in empty line after the dollar mark with the last calendar date on which such payments can be made under the terms “Ending On”. Then set the number of times these payments are made by activating the “weekly”, “weekly”, “monthly” box or by filling in a particular calendar in the blank row provided. . . .