HR Settlement Agreement

HR SETTLEMENT AGREEMENT

This HR Settlement Agreement (the Agreement) is entered into between: Employer Name: Employer Address: and Employee Name: Employee Address:

RECITALS

WHEREAS, the parties desire to fully and finally resolve any and all claims, disputes, and differences arising out of or related to Employee's employment with Employer and the termination thereof; and WHEREAS, Employer and Employee enter into this Agreement as of the Effective Date set forth below.

PERSONAL & POSITION INFORMATION

Employment Start Date: Separation Date: Current/Base Salary:

SETTLEMENT TERMS

Consideration: Employer agrees to pay Employee a gross settlement amount of $ (the Settlement Amount), subject to lawful deductions and withholding, in full and final satisfaction of all claims released herein.

Release of Claims: In consideration of the Settlement Amount, Employee, for Employee and Employee's agents, heirs, executors, administrators, successors and assigns, hereby fully and unconditionally releases and forever discharges Employer and its affiliated entities, officers, directors, employees, agents, successors and assigns (collectively Released Parties) from any and all claims, demands, causes of action, liabilities or damages, whether known or unknown, suspected or unsuspected, arising out of or related to Employee's employment, separation, or any act or omission occurring on or before the Effective Date, including but not limited to claims for breach of contract, wrongful termination, discrimination, harassment, retaliation, and wage and hour claims.

Employee acknowledges that this release is intended to be broad and inclusive, and that it includes any claims under federal, state or local law that existed on or prior to the Effective Date, except for claims that cannot be waived as a matter of law such as workers' compensation benefits or vested pension benefits.

CONFIDENTIALITY; NON-DISPARAGEMENT

Confidentiality: Employee agrees to keep the terms, amount and existence of this Agreement confidential and not to disclose them to any third party except as required by law, to Employee's immediate family, or to Employee's legal or tax advisors who agree to keep such information confidential.

Non-Disparagement: Employee agrees not to make any written or oral statement that disparages the Released Parties. Employer agrees that it will direct its senior leadership not to make disparaging statements about Employee.

RETURN OF PROPERTY & COOPERATION

Employee represents that all Employer property, including but not limited to keys, devices, documents, records and confidential information, has been returned, except as otherwise specified. Employee agrees to cooperate with Employer to the extent reasonably necessary to effect an orderly transition.

TAX TREATMENT

The parties agree that the Settlement Amount will be characterized and reported for tax purposes as follows: Employee understands that Employer may withhold applicable federal, state and local taxes and any required payroll deductions. Employee is responsible for payment of any taxes due on the Settlement Amount.

NO ADMISSION; GOVERNING LAW

This Agreement is not an admission of liability by either party. This Agreement will be governed by and construed in accordance with the laws of the state selected by Employer for governing law, without regard to conflict of law principles.

GENERAL PROVISIONS

Severability: If any provision of this Agreement is held invalid or unenforceable, the remaining provisions will remain in full force and effect. Entire Agreement: This Agreement constitutes the entire agreement between the parties concerning the subject matter and supersedes all prior agreements.

Attorneys' Fees and Costs: In the event of litigation to enforce this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs.

ADEA ACKNOWLEDGEMENT (IF APPLICABLE)

If Employee is 40 years of age or older, Employee acknowledges receiving a sufficient period to consider and consult counsel regarding any release of age discrimination claims and understands any statutory revocation rights, as may be required by law.

REVOCATION AND EFFECTIVE DATE

Employee understands that this Agreement becomes effective and enforceable on the later of: (a) the Effective Date signed below by both parties; or (b) the date following any statutory revocation period, if applicable. If Employee revokes this Agreement within any required revocation period, the Agreement will be void ab initio.

HR CATEGORY REQUIRED SECTIONS

EMPLOYMENT HISTORY

EDUCATION

REFERENCES

LEGAL DISCLOSURES

At-Will Employment: Employee acknowledges and agrees that Employee's employment with Employer was at-will and that nothing in this Agreement shall be construed to alter that status unless expressly set forth herein.

Equal Employment Opportunity: Employer is an equal opportunity employer. Employee acknowledges Employer's nondiscrimination policy and that Employee was afforded any legally required notices.

AUTHORIZATION & CERTIFICATIONS

Authorization to Contact: Employee authorizes Employer to contact Employee's prior employers, references and educational institutions for verification of employment, education, and other background information as reasonably necessary to verify facts relevant to Employee's employment file.

Background Checks: Employee authorizes any background checks consistent with applicable law. Employee further certifies that the information provided in this Agreement and in any attached statements is true and complete to the best of Employee's knowledge.

SIGNATURES

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