EMPLOYEE'S
RELEASE
BREACH
OF EMPLOYMENT CONTRACT
Release
executed on __________ (date), by __________________________________ (name), of
____________________________________________________ (address), here referred
to as releasor, to _______________________________________ (name), a
corporation incorporated under the laws of the State of __________________,
having its principal place of business at
____________________________________________ (address), here referred to as
company.
RECITALS
A. A certain contract of employment was entered
into between releasor and company on __________________ (date). A copy of the contract is attached hereto
and made a part hereof.
B. Releasor asserts that company has breached
the contract in that ________________ (set forth nature of breach), and that,
as a result of such breach, releasor has suffered damages in the aggregate
amount of ____________ Dollars ($__________ ), itemized as follows:
___________________________________________________________________
___________________________________________________________________
C. Company asserts that it has not breached the
contract or, in the alternative, that if it has breached the contract, damages
sustained by releasor amount to no more than _____________________ Dollars
($__________ ).
D. Releasor is willing to release company from
all past and present claims based on the contract, on the terms set forth
herein.
RELEASE OF ALL CLAIMS
In
consideration of __________ Dollars ($___________ ) paid to releasor by
company, receipt of which is acknowledged, releasor, for _____________ (himself
or herself) and _____________ (his or her) heirs, legal representatives and
assigns, releases and forever discharges company, its successors and assigns,
of and from all claims, demands, actions and causes of action of any kind or
nature at law or in equity, based on the above-mentioned contract. This release
applies to all past and existing claims, including, without limitation, such
rights of releasor under the contract as __________
_______________________________________
(list rights of employees, including basic compensation and fringe benefits).
In
witness whereof, the parties have executed this release agreement at ___________
_____________________________
(designate place of execution) the day and year
first
above written.
____________________________ ___________________
Signature Date
____________________________ ___________________
Signature Date
(Attach copy of employment contract)
