Kentucky Termination Release
Description
How to fill out Termination Release?
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FAQ
Terminating is when one party declares the contract is at an end. Releasing the contract means both parties agree that it's over.
Luckily, in Kentucky, at least, there are some situations where you would be entitled to be paid out those earned vacation days when your employment ends. So, the Kentucky law requires your employer to pay out any vested vacation pay at the end of your employment.
Many people know that Kentucky is an employment-at-will state, meaning that your employer can fire you for any reason, no reason, a bad reason, even a morally indefensible reason SO LONG AS that reason does not violate the law.
A release is a legal document that records an employee's agreement to relinquish their right to make any future claims against their employer relating to their employment or the termination of their employment. A release is essentially a contract between the terminated employee and the employer.
In Kentucky your employer can terminate you at any time, with or without reason, and you can quit at any time, with or without reason (provided there is not a written contract to the contrary).
Why Should an Employer Write a Letter of Termination? Termination letters serve two main purposes: they help employers keep records of termination decisions, and they provide employees the clarity they need to start the transition to the next stage of their career.
A legal release is a legal instrument that acts to terminate any legal liability between the releasor and the releasee(s), signed by the releasor. A release may also be made orally in some circumstances.
Federally, and in most states, a termination letter is not legally required. In some states, currently including Arizona, California, Illinois and New Jersey, written termination notices are required by law. Some of these states have specific templates employers must use for the letter.
Kentucky requires that final paychecks be sent either on the next scheduled payday or with 14 days, whichever is later. The final paycheck should contain the employee's regular wages from the most recent pay period, plus other types of compensation such as commissions, bonuses, and accrued sick and vacation pay.
A release is an agreement not to sue; it waives your right to sue and company and "releases" your employer from legal liability for claims you may have against it.
