Termination With Severance In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-0030BG
Format:
Word;
Rich Text
Instant download
Description
The Termination with Severance in Contra Costa form is designed to facilitate the termination of an executive's employment while ensuring both parties are released from potential claims. This document outlines the mutual agreement between the employer and the executive, detailing the considerations provided, including severance benefits. Key components include a comprehensive release of claims against the employer, ensuring that the executive cannot pursue legal action related to their employment termination. It also warrants that the executive has not assigned any claims that are being released. The form emphasizes that the executive acknowledges understanding their rights, and they are encouraged to consult with legal counsel before signing. The governing law is specified to ensure clarity on jurisdiction. This form is particularly useful for attorneys, partners, and employers looking to formally finalize severance arrangements while protecting against future claims, as well as paralegals and legal assistants aiding in the preparation and review process.
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FAQ
Neither the California Labor Code nor the federal Fair Labor Standards Act require employers to offer severance agreements to departing employees. Instead, severance agreements are provided by employers to accomplish a specific goal.