THIS SAMPLE FORM IS PART OF JACKSON LEWIS’ CRITICAL ISSUES IN EUROPEAN EMPLOYMENT LAW
FOR THE GLOBAL IN-HOUSE COUNSEL INFOPAK: http://www.acc.com/legalresources/resource.cfm?show=1331362
regulations of any country or jurisdiction, including, without limitation, [INSERT
RELEVANT COUNTRIES], arising out of or related to the Employee's employment with
the Company or mutual termination of such employment, including, without limitation:
a) Claims and liability of any kind or nature, salary-related debt (in money or in kind), any
and all bonuses (including without limitation any corporate/local incentive plans),
seniority, age, or severance entitlements, profit sharing, allowances, social benefits,
stock awards or stock options, indemnity in lieu of notice payments, transportation,
vacation leave, travel allowances, commissions, indemnities, extralegal benefits, and
in general any other labor or other benefit or payment, which because of an involuntary
error or omission, or due to any other reason, was not paid to the Employee during
the course of his employment with the Company or at the time of his separation
therefrom. The Employee fully waives the right to bring any claim of any nature
whatsoever, be it labor, civil, administrative or other, or a claim for any additional
compensation whatsoever, including expressly stock awards and stock options,
against the Company and hereby forever releases same.
b) Any and all claims under contract, tort, statutory or common law,
including, without limitation, wrongful discharge, breach of implied or express contracts,
breach of an implied covenant of good faith and fair dealing, tortious interference with
contract or prospective economic advantage, violation of public policy, whistle blowing,
intentional or negligent infliction of emotional distress, negligent hiring/supervision,
defamation, fraud, discrimination, harassment, retaliation or other claims of wrongful
conduct, including, specifically, any claims arising out of any legal or contractual
restriction on the Company's right to terminate its employees;
c) The Employee waives, and acknowledges full satisfaction of, all claims
against the Company, including, without limitation, those claims concerning
Employee's employment, employment contract(s) and mutual termination thereof, both
with respect to the procedure or the form of the mutual termination, and the reasons
for such mutual termination, which the Employee may have, whether implied, by law,
or pursuant to the provisions of the Employee's employment contract or any other
document.
This release includes all claims and causes of action, whether known or unknown, arising
from conduct occurring on or before the date of signature of this Agreement, which itself
conclusively settles all matters between the Company and the Employee. [IF EMPLOYEE IS A
U.S. CITIZEN, INSERT U.S. RELEASE LANGUAGE]
8. In consideration of the payment of the amounts specified herein, Employee agrees to execute
any documents (including, without limitation, letters of resignation and share transfer
agreements and take any other actions reasonably necessary to terminate any directorships,
officerships, or other relationships with the Company or any of its affiliates. In particular,
the Employee agrees to cooperate with the Company and to sign any other document(s)
which may be required in accordance with the laws of [INSERT local country], consistent
with the terms of this Agreement.