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Form #840

Employment Discrimination

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Employment Discrimination - Age Discrimination and Other Claims - Pre-Litigation Release. General Release Upon Termination.

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Employment discrimination—Age discrimination and other claims—Prelitigation release.

General Release Upon Termination

As a material inducement to _________[employer] (referred to below as the "Company") to enter into this General Release, _________("Employee") (for hself, h heirs, executors, administrators and assigns) hereby unconditionally releases and forever discharges the Company and each of the Company's owners, shareholders, predecessors, successors, assigns, agents, directors, officers, employees, representatives, attorneys, divisions, subsidiaries, affiliates, and all persons acting by, through, under or in concert with any of them from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, actions, causes of action, suits, rights, demands, costs, losses, debts and expenses (including attorney's fees and costs actually incurred) of any nature whatsoever, known or unknown, suspected or unsuspected, including, but not limited to, rights under the Age Discrimination in Employment Act of 1967, and other federal, state or local laws prohibiting discrimination of any type, claims growing out of any legal restrictions on the Company's right to terminate its employees (collectively referred to below as "Claim" or "Claims"), which _________[employee] now has, owns or holds, or claims to have owned or held, or which _________[employee] at any time heretofore had, owned or held, or which _________[employee] at any time hereinafter may have owned or held or claimed to have owned or held against the company.

To comply with the Older Workers Benefit Protection Act of 1990, this Settlement Agreement and Release has advised _________[employee] of the legal requirements of this Act and fully incorporates the legal requirements by reference into this Agreement as follows:

a This Agreement is written in layman's terms, and the _________[employee] understands and comprehends its terms;

b _________[Employee] has been advised of his right to consult an attorney to review the agreement, and has had the benefit of an attorney throughout the settlement process;

c _________[Employee] does not waive any rights or claims that may arise after the date the waiver is executed;

d _________[Employee] is receiving consideration beyond anything of value to which he already is entitled;

e _________[Employee] has been given a reasonable period of time to consider this settlement agreement.

As consideration for this General Release, the Company, _________, agrees to pay _________ the sum of _________ as severance pay. The employee enters into this General Release with full knowledge of its contents and enters into this agreement voluntarily.

IN WITNESS WHEREOF, the parties have executed this General Release.

[Signatures of employee, employer, and witnesses]

[Acknowledgments]

NOTE: EMPLOYEE IS HEREBY ADVISED OF HIS/HER RIGHT TO RESCIND AND NULLIFY THIS RELEASE AND SETTLEMENT AGREEMENT, WHICH RIGHT MUST BE EXERCISED, IF AT ALL, WITHIN SEVEN DAYS OF THE DATE OF EMPLOYEE'S SIGNATURE. EMPLOYEE MUST REVOKE RELEASE BY LETTER TO _________[EMPLOYER] CORPORATION WITHIN SEVEN DAYS. NO CONSIDERATION SHALL BE CONVEYED UNTIL SUCH TIME PERIOD HAS EXPIRED.



 
Contributed by
Anonymous2
 
Name of Firm Anonymous2
Total Forms Contributed 51
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: discrimination, claims, prelitigation, legal forms, employment

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