During my but not limited to keys, access cards, credit cards, electronics, storage media, machinery, computer files and documents, and any other GDI property in my possession related to GDI’s business or customer information. Sometimes this agreement is called a “separation” or “termination” agreement or “separation … I understand that I will have the right to elect COBRA benefits under the GDI medical plan in accordance with federal law. heirs, agents, executors, administrators, successors and assigns, release, relinquish, waive and forever discharge GDI, its subsidiaries, affiliates and all other related entities; its and their predecessors, successors and assigns; the past, termination of my employment, I shall not directly or indirectly (i) induce, solicit, request or advise any Customers (as defined below) to patronize any business which competes with any business of GDI or its affiliates for which I have had A severance agreement is a contract, or legal agreement, between an employer and an employee that specifies the terms of an employment termination, such as a layoff. The waiver … Employment Date, an additional payment of a sum equivalent to three (3) months of COBRA medical insurance premiums, less applicable withholdings. knowing and voluntary and was not induced in any way by GDI. I also hereby acknowledge that GDI has recommended that I consult with an attorney and 92 0 obj <>stream Notwithstanding the forgoing, in no event will the prorated payout under the long term cash bonus award described in this paragraph exceed Two Million Four Hundred Thousand Dollars The payout, if any, will be However, this Release does bar my right to invalidated. The parties agree that these provisions amend, to the extent required, the All unvested restricted stock unit awards terminate on my Termination of Employment Date. The waiver is part of an agreement between the employee and the employer that is written in a manner that the average person can understand and participate in negotiating the language. Claims under federal, state or local laws, regulations, ordinances or court decisions of any kind; (e) Contract claims 0 Thereafter, I have forfeited any vested but unexercised options. 29 U.S.C. Employee Waiver & Release Agreement This Liability Waiver & Release Form (the “agreement”) is a written agreement between (the “Company”) and the employee who is attending company- sponsored … (i) Claims for attorney’s fees and costs. Separation from Employment. contributions and the company contributions will cease on my Termination of Employment Date. Complete and General Release. of Employment Date is hereby forgiven. ֥"�#Ad�"�d,� employment. withholdings, payable no earlier than the first practicable payroll date occurring at least eight (8) days after my acceptance of and signature on this Agreement. employment, I will not (i) compete with GDI by performing work for a direct competitor of GDI, its subsidiaries or its affiliates; and/or (ii) be or become a partner, owner, investor, officer, director, member, employee, independent I hereby resign as a member of the GDI Board of Directors effective as of July 13, 2012. Thus, if a federal employee signed a waiver agreement … (4.) Payment, representing my long term cash bonus award for the three year performance period ending December 31, 2012. fixed or contingent, of whatsoever kind or nature that I ever had, now have or may claim to have as of the date of the signing of this Agreement, including but not limited to, those arising out of my employment with GDI and my separation from that Pursuant to this subsection, the waiver agreement must refer to the Age Discrimination in Employment Act (ADEA) by name in connection with the waiver. endstream endobj startxref Any stock options that have vested prior to my Termination of Employment Date, but have not been exercised by me, may be exercised until Savings Clause. Remember, the company wants you to sign the agreement, so you have no future claims. employment with GDI, I had access to much of GDI’s confidential information including but not limited to: product margins, product strengths and weaknesses, GDI policies, objectives, strategies, long range plans, plans for market product employee gives up the right to sue the employer for certain claims arising out of the employment relationship invasion of privacy or emotional distress; (g) Claims under the Family and Medical Leave Act; (h) Claims under the Employee Retirement Income Security Act; and. GDI acknowledges that this Agreement is not an admission of liability or wrongdoing by Mr. Pennypacker. h�bbd```b``�"���|��D2ہHN��)0{����3��, ��@�d%�� 4th 1159, 1165 (1992)). I am entering into this Agreement knowingly and voluntarily and not as a result of any pressure, coercion or duress. The publication emphasizes that an employee must knowingly and voluntarily consent to a waiver in a severance agreement or release, but states that the rules for such waivers depend on the … EMPLOYEE SETTLEMENT AND RELEASE AGREEMENT This Employee Settlement and Release Agreement (the “AGREEMENT”) is entered into by and between _____ (“EMPLOYEE”) on the one hand and _____ (“COMPANY”) on the other. (1.) exclusively by the terms and conditions of applicable plan document(s), using my Termination of Employment Date as my separation from service and/or termination date as such is defined in the applicable plan document(s). The release of claims is an agreement between an employer and a worker whose employment has been terminated. I understand that I have a seven-day period after signing this Agreement to revoke or rescind this Agreement. The waiver specifically refers to rights and claims under the ADEA. In the event I remain unemployed six (6) months after my Termination of End of Employment Agreements and Waivers and Releases It is important that an employer uses an experienced employment lawyer in order to draft and effective and enforceable employee termination … Cooperation. Vesting on all unvested stock options terminates on my Termination of Employment Date. October 11, 2012. (whether express or implied); (f) Tort claims, including without limitation, wrongful termination, defamation, negligence, This Standard Document is a generic form of a stand-alone release agreement … App. Non-Disparagement. payment will be paid at the next practicable payroll date provided that I do not revoke or rescind seven (7) full days after signing the Agreement. Employees typically sign the document in return for a severance package.The release … less applicable withholdings, no earlier than the first practicable payroll date occurring at least eight (8) days after my acceptance of and signature on this Agreement and provided that I do not revoke or rescind seven (7) full days I agree that I will cooperate with GDI and its attorneys in the prosecution or defense of any litigation, or matters concerning which litigation subsequently arises, which THIS WAIVER AND RELEASE AGREEMENT (“Agreement”) is made and entered into this 11thday of January, 2013, by and between VERA BRADLEY, INC. and its predecessor VERA BRADLEY DESIGNS, … I further agree that for a period of twenty four (24) months following the Claims under the Age Discrimination in Employment Act (“ADEA”) may be waived in a release agreement, but the release agreement must comply with all of the requirements of the Older Workers Benefit … WAIVER AND RELEASE AGREEMENT I, Barry L. Pennypacker, understand my last day of employment with Gardner Denver, Inc. (“GDI”) is July 13, 2012 (“Termination of Employment Date”), and I accept the … Any reimbursement obligation I may have to repay any outstanding expenses or other obligation to GDI that were incurred by me prior to the Termination The releasee gives money or some other form of compensation to the releasor, who … Recitals A. recover any personal or monetary relief, including if I or anyone on by behalf seeks to file a lawsuit on the same basis as the charge of discrimination. I acknowledge and agree that my breach of the covenants contained in this paragraph 5 will cause immediate and irreparable harm to GDI, (Employee M or Employee F) to be unwanted, sexually hostile, or harassing, I will immediately inform the Company of same in writing. this Release; (iii) claims that may arise after the date this Release is signed; and (iv) claims that are not legally waivable. provisions of this Agreement. I agree that for a period of twenty four (24) months following the termination of my As used above, I agree that I will not disclose any of the confidential information gained in my position with GDI to the advantage of a GDI competitor or applicable award agreements for such awards which otherwise continue to apply. GDI, its subsidiaries or its affiliates. In those situations, I include as part of the original settlement agreement an Attachment A that is called a Reaffirmation of Waiver and Release. Return of All GDI Property. any such vested accrued benefits are governed exclusively by the plan documents of GDI, and that I have no rights or entitlement arising from any contract or any other source to any such benefits from GDI other than as provided by such plan Consideration Period / Right to Revoke Period. The right to elect COBRA benefits under the GDI Board of Directors effective as of July 13,.... 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