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Fill and Sign the Form S 1a Igm Biosciences Inc

Fill and Sign the Form S 1a Igm Biosciences Inc

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NOTIFICATION OF LAYOFF Date Name Address Dear [Name] :Due to the loss of several large clients, we have found it necessary to undergo a reduction-in-force. Therefore, we are terminating your employment effective [Date]. The Company agrees to pay you through [Date], plus all unused accrued vacation. We will also pay severance pay at the rate of [Number of Weeks] for each year of service up to a maximum of [Number] weeks.By signing below, you understand and agree that this severance payment is in lieu of all other payment and benefits due you as a result of your employment by the Company, except those payments and benefits specifically identified in this letter. If you fail to sign and return this letter by [Date], you will forfeit your right to severance pay.You will receive your normal paychecks on [Dates] , and your final check for [Date] on [Date]. Normal direct deposit procedures will apply if you have already chosen that option. For other people, it will be sent to their homes. If applicable, make sure your final time card is filled out, signed, and forwarded to Payroll immediately.In addition to termination pay, severance pay, and vacation pay, the Company will pay your medical insurance coverage through [Date]. All other benefits will cease as of [Date].Outplacement assistance is available to those who request it. Please contact [Name/Telephone Number] by [Date] to participate.For more specific details on your benefit coverage, refer to the attached summary. If you have any questions, please contact me. Otherwise, please return this letter no later than [Date].Sincerely,Name Title AttachmentsAgreed and accepted:Employee’s Signature: Today’s Date:

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