Employee Releasing Letter

EMPLOYEE RELEASING LETTER

Date:

Parties and Addresses

Contact Information

Position and Separation Details

Job Title:    Department:

Reporting Manager:

Employment Start Date:    Last Day of Employment (Effective Separation Date):

Employment History (For Record)

Education

References

Release Terms and Consideration

In consideration of the payments and benefits described in this letter, including but not limited to the severance payment set forth below, Employee knowingly and voluntarily releases and forever discharges Employer and its affiliates, successors, assigns, officers, directors, employees and agents from any and all claims, demands, causes of action, liabilities and damages, whether known or unknown, that arise out of or relate to Employee's employment with Employer or the termination thereof through the Effective Date of this Letter, except as set forth in this paragraph. This release does not waive rights that cannot be waived by law, including rights to vested benefits, rights to unemployment compensation, or claims that by law cannot be released.

Accrued vacation and other earned but unpaid amounts will be paid as follows: and will be included in the final paycheck processed on .

Confidentiality and Non-Disparagement

Employee acknowledges Employee's continuing obligations, if any, under confidentiality, trade secret, non-solicitation and non-competition agreements previously executed with Employer. Employee agrees not to make false or disparaging statements about Employer, its officers, directors or employees. Employer agrees to provide a neutral employment verification stating dates of employment and position held unless otherwise required by law.

Return of Property

Employee certifies that all Employer property must be returned no later than the last day of employment. Check items being returned:

Laptop / Computer    Company Phone    Keys / Access Cards    ID Badge

Benefits and Taxes

Employee acknowledges that continuation of health benefits, if any, and the date of termination of such benefits will be provided in writing. All payments described in this letter are subject to ordinary tax and statutory withholdings. Employee agrees that any tax consequences are Employee's responsibility and that Employer has not provided tax advice.

Acknowledgments and Certifications

By signing below, Employee certifies that all information provided in connection with this separation is true and complete to the best of Employee's knowledge, and authorizes Employer to verify employment history and to contact references as necessary to effect processing of separation and any agreed consideration. Employee acknowledges that Employee has read this Letter in its entirety, understands its terms, and enters into it voluntarily. Employee further acknowledges that Employee has been advised to consult with independent counsel prior to signing and that Employee has had a reasonable opportunity to seek such counsel.

Employee acknowledges acceptance of the terms by indicating agreement below:    I agree to the terms stated in this Employee Releasing Letter.

Miscellaneous

This Letter contains the complete agreement between the parties regarding the subject matter herein. Any modification must be in writing and signed by both parties. This Letter will be governed by the laws of the state in which Employer's principal place of business is located, without regard to conflicts of law principles.

Authorization to Contact and Background

Employee authorizes Employer and its agents to contact references and former employers and to obtain or verify background information relevant to Employee's personnel record, solely to the extent necessary to effect separation processing and any post-employment benefits described herein.

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