Separation Agreement And Release Of Claims

State:
Multi-State
Control #:
US-AHI-302
Format:
Word; 
Rich Text
Instant download

Description

This AHI form is a separation and relapse agreement that is issued to the employee once they have been terminated. The terms and conditions for this agreement are listed in this form.
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  • Preview Separation Agreement and Release Letter for Exiting Employee
  • Preview Separation Agreement and Release Letter for Exiting Employee
  • Preview Separation Agreement and Release Letter for Exiting Employee
  • Preview Separation Agreement and Release Letter for Exiting Employee

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FAQ

Severance pay agreements are up to the discretion of the company, which usually requires a release of claims in exchange for the severance pay.

The release of all claims form, also called a ?liability waiver,? is an agreement establishing a resolution of each party's differences and dismissing their claims. It clears the at-fault party and their insurance company from liability. Once you, the claimant, sign it, you can not pursue any additional compensation.

I agree to the terms of this Agreement, and I am voluntarily signing this release of all claims. I acknowledge that I have read and understand this Agreement, and I understand that I cannot pursue any of the claims and rights that I have waived in this Agreement at any time in the future.

In general, a separation agreement covers: Basic information such as the date you were married, the date you separated (or will separate) Who the children will live with (if you have children) Who will pay which bills. How property, like your home and cars, will be divided up and cared for.

Employees may ask for a ?mutual? release, so that the employer is similarly prohibited from pursuing its claims against the employee. A mutual release is particularly important if the employer has raised the possibility of pursuing litigation against the employee for breach of contract or workplace violations.

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Separation Agreement And Release Of Claims