HR Bonus & Release Letter

HR BONUS & RELEASE LETTER

Company Name:    Employee Name:

Effective Date:

Personal Information

Position Information

Bonus Payment Terms

The Company agrees to pay Employee a one-time gross bonus in the amount of $ (the "Bonus"), subject to withholding for applicable taxes and deductions. The Bonus will be paid on or about through the Company's regular payroll process via .

Payment of the Bonus is: Contingent on Employee's continued employment through the payment date Contingent upon achievement of specified performance metrics

Release and Waiver of Claims

In consideration of the Bonus and other good and valuable consideration, Employee, on behalf of Employee and Employee's heirs, assigns and representatives, hereby irrevocably and unconditionally releases and forever discharges the Company and its past and present parents, subsidiaries, affiliates, officers, directors, employees, agents and representatives (collectively, "Released Parties") from any and all claims, demands, causes of action, liabilities, obligations, costs and expenses, whether known or unknown, suspected or unsuspected, that Employee has or may have up to the Effective Date. This release expressly includes, without limitation, claims arising under federal, state or local statutes, rules or regulations concerning employment, wages, benefits, discrimination, harassment, retaliation, breach of contract, tort, and other employment-related claims.

Employee acknowledges that Employee is aware that Employee may hereafter discover facts different from or in addition to those which Employee now knows or believes to be true with respect to the subject matter of this Release, but Employee expressly accepts and assumes the risk of such possible future discovery and agrees that this Release shall remain in effect in all respects notwithstanding such different or additional facts.

The parties agree that this Release is intended to be a general release and waiver of all claims that could be asserted on the Effective Date, to the fullest extent permitted by law. Employee acknowledges that certain claims cannot be waived by private agreement under applicable law, including but not limited to rights to file for unemployment compensation and certain workers' compensation benefits; such claims are not released by this Release.

Repayment, Overpayment and Clawback

If the Bonus is paid in error, or if Employee is later determined to have engaged in fraud, material misconduct, or breach of any Company policy prior to the Bonus payment, Employee agrees to repay the Bonus upon request. The Company may offset any amounts owed to Employee against any amounts Employee owes to the Company to the extent permitted by law.

Confidentiality; Non-Disparagement

Employee agrees to keep the terms, amount and existence of this Bonus and Release strictly confidential and not to disclose such information to anyone except Employee's spouse, legal or tax advisors, or as required by law. Employee further agrees not to make any public statements that disparage the Company, its products, its services or its personnel.

Tax Withholding

The Company will withhold federal, state and local taxes and other deductions from the Bonus as required by law. Employee acknowledges that the Company has made no representation as to any tax consequences of the Bonus, and Employee is solely responsible for all tax obligations arising from the Bonus.

At-Will Employment & Equal Opportunity

Nothing in this Bonus & Release Letter modifies the at-will nature of Employee's employment unless expressly stated otherwise in a separate written agreement signed by an authorized representative of the Company. The Company is an equal opportunity employer and does not discriminate in employment on the basis of any protected characteristic.

Representations; Advice of Counsel; Revocation

Employee represents that Employee has carefully read this Letter, fully understands its terms, and has had the opportunity to consult with an attorney of Employee's choosing. Employee acknowledges that Employee has been given a reasonable period to consider this agreement. Employee understands that, if applicable under law, Employee may have the right to revoke acceptance of this Release within a limited statutory revocation period; if such a revocation right exists, it will be described in the acknowledgement below and this Release will not become effective until the revocation period has expired without revocation.

Applicant Certification; Authorization

I certify that all information provided in this document and in any attachments is true and complete to the best of my knowledge. I authorize the Company to contact my previous employers and references for purposes of verification and to obtain any records relevant to employment. I further authorize the Company to conduct background and reference checks consistent with Company policy and applicable law.

Employment History

Education

References

Miscellaneous

This Letter constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating thereto. If any provision of this Letter is held to be invalid or unenforceable under applicable law, such provision shall be deemed modified to the minimum extent necessary to render it enforceable, and the remaining provisions shall continue in full force and effect. This Letter may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.

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