LegalFiction
New Member
They sat me down and gave me a release to sign, which I took home to read first. My question is, if I sign this, will this somehow invalidate my ability to collect unemployment insurance should I need to? Thanks in advance.
It reads something like this:
RELEASE OF CLAIMS AND CONFIDENTIALITY AGREEMENT
I, Employee, FOR AND IN CONSIDERATION of the payment to me of the
additional amount of X, less taxes and deductions required by law (the "Severance Payment"), hereby
release, acquit and forever discharge Company and its affiliates, subsidiaries, predecessors,
successors, directors, shareholders, agents and employees (collectively "Company"), from any
and all actions, causes of action, claims, demands, damages, expenses and compensation, on
account of or in any way arising out of my employment or termination of employment with
Company, whether or not known by me at the time I sign this Release, including, without
limitation, all claims under state, federal or local statutes or common law.
I further agree that the terms of this Release and the discussions which led to it will be
confidential and will not be discussed with or revealed to any persons other than to my spouse,
lawyer or accountant, and I will not publish or publicize any of its terms in any manner
whatsoever. I understand that nothing in this Release affects my duties and obligations under
any preexisting agreement with the Company to maintain in confidence the Company's
confidential, proprietaiy or trade secret information.
I understand and agree that this Release may represent a compromise of doubtful and
disputed claims and that the Severance Payment is not to be construed as an admission of
liability by the Company. I further understand and agree that the Company will pay the
Severance Payment on each regularly scheduled payday in sums equaling X of my regular
pay after I sign this Release and return it to the Company.
This Release contains the ENTIRE AGREEMENT between the parties hereto; this
Release can only he modified in a writing signed by all parties. Arizona law applies to this
Release.
I have carefully read this Release and I understand its contents. I was instructed to
consult an attorney before signing this Release. I sign this Release voluntarily as my own free
act and it is my intention to be legally bound hereby.
It reads something like this:
RELEASE OF CLAIMS AND CONFIDENTIALITY AGREEMENT
I, Employee, FOR AND IN CONSIDERATION of the payment to me of the
additional amount of X, less taxes and deductions required by law (the "Severance Payment"), hereby
release, acquit and forever discharge Company and its affiliates, subsidiaries, predecessors,
successors, directors, shareholders, agents and employees (collectively "Company"), from any
and all actions, causes of action, claims, demands, damages, expenses and compensation, on
account of or in any way arising out of my employment or termination of employment with
Company, whether or not known by me at the time I sign this Release, including, without
limitation, all claims under state, federal or local statutes or common law.
I further agree that the terms of this Release and the discussions which led to it will be
confidential and will not be discussed with or revealed to any persons other than to my spouse,
lawyer or accountant, and I will not publish or publicize any of its terms in any manner
whatsoever. I understand that nothing in this Release affects my duties and obligations under
any preexisting agreement with the Company to maintain in confidence the Company's
confidential, proprietaiy or trade secret information.
I understand and agree that this Release may represent a compromise of doubtful and
disputed claims and that the Severance Payment is not to be construed as an admission of
liability by the Company. I further understand and agree that the Company will pay the
Severance Payment on each regularly scheduled payday in sums equaling X of my regular
pay after I sign this Release and return it to the Company.
This Release contains the ENTIRE AGREEMENT between the parties hereto; this
Release can only he modified in a writing signed by all parties. Arizona law applies to this
Release.
I have carefully read this Release and I understand its contents. I was instructed to
consult an attorney before signing this Release. I sign this Release voluntarily as my own free
act and it is my intention to be legally bound hereby.