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Fill and Sign the Severance 497333717 Form

Fill and Sign the Severance 497333717 Form

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SEVERANCE AGREEMENT AGREEMENT made this _____ day of ______, 20___, between ___________, hereinafter called the A College, @ and _____________, hereinafter called the A Employee. @ WHEREAS, Employee is presently employed by College as _________________________; and WHEREAS, Employee = s employment with College has been terminated effective the ____ day of _____, 20___; NOW, THEREFORE, in consideration of their mutual promises set forth herein, the parties hereby agree as follows: 1. College and Employee hereby mutually agree that the employment of Employee by College is terminated effective the ____ day of _____, 20___. 2. Employee and College agree that Employee, in addition to the salary she has received through _______ ___, 20___, will receive severance pay in the amount of $________ less Federal, State, and Social Security withholding. 3. College agrees that it will not contest Employee = s eligibility for unemployment compensation nor report to the ____________ Employment Security Commission that Employee resigned or was terminated for misconduct. College will give a neutral response to any inquiries by potential employers of Employee about Employee = s employment with College, with such response to consist of no more than the dates that Employee was employed by College and the positions she held during her employment. College will not, through the following described officials of the College, disclose to any party (other than the ____________ Employment Security Commission) that Employee = s employment with College was involuntarily terminated nor make any derogatory or negative communication regarding Employee = s employment or character to any party whatsoever, said officers to consist of the following: _____________, President;___________, Provost; _____________, Vice President for Finance and Campus Operations; ____________, Dean of Athletics; and ____________, Dean of Student Learning. Notwithstanding the foregoing, College and said officers shall respond truthfully and fully to any inquiry required by law such as pursuant to a subpoena from a state or federal court. 4. All derogatory documentation included in any files of College related in any way to Employee = s employment with College shall be removed from the files of the College and destroyed or placed in the custody of the law firm of ______________ as attorneys for the College. 5. Employee acknowledges that she has received an acceptable letter of recommendation from __________as President of the College. 6. The undersigned ____________does hereby release and forever discharge __________________, and all of its officers, trustees and employees of and from all claims, demands, actions, causes of actions, and liabilities whatsoever, in law or in equity, which Employee had, or now has, against __________ and said above-named persons, for, upon, and by reason of any matter, cause or thing whatsoever, including, but not limited to, any violation by College of Title VII of the Civil Rights Act of 1964, as amended (42 U.S.C. sec. 2000e et. seq.). It is the intent of College and Employee that this agreement be a release of all claims of Employee against College and such officers, trustees, and employees, whether said claims arise under State law, Federal law, or otherwise. The undersigned ___________ acknowledges that her attorney, ____________ , has reviewed this agreement and that she is executing this agreement pursuant to his counsel. WITNESS OUR SIGNATURES, this the _____ day of ______, 20___. __________________ _________ ________________________ BY:____________________________ _________________ _____________________, Provost

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