Full and Final Release to Be Obtained By an Employer from an Employee When the Employee Has Been Terminated
EMPLOYEE FINAL RELEASE -
In Consideration of the payment of $[amount], received by me, which is recognized, I, [employee name], on behalf of myself, my successors, overseers and allocates (hereinafter jointly referred to as the ‘Releaser’, hereby release and discharge [employer name], its parent, auxiliaries, and associates and each of its and their respective executive, directors, staff, servants and representatives, and their descendants and allocates (hereinafter jointly referred to as the ‘Releasee’, together and severally from any and all actions, roots of action, and agreements, whether express or implied, claims and demands for damages, indemnity, expenses, interest, loss of every kind whatsoever occurring, which I may have had, may now have or may hereinafter have and with no limits for the generality of the preceding, all claims in any way that relates to the hiring of, the service by or the employment termination of the Releaser by the Releasee and, I hereby purposely agree, stand for and warrant to the Releasee that I have no additional claim against the Releasee for or occurring out of my employment or termination of employment which particularly includes but does not limit to any claims for notice, pay in lieu of notice, unfair discharge, disconnection pay, bonus, overtime pay, incentive payment, interest, holiday pay or any claims under any employment.
AND FOR THE SAID CONSIDERATION I additionally pledge and agree to save safe and cover the Releasee from and against all claims, allegations, taxes or fine and, demands which may be made by any legislative power that requires the Releasee to pay any recognized federal, regional and local taxing authorities in respect of income tax owed by me in addition of the income tax previously pending.
IT IS UNDERSTOOD AND ACCEPTED that the under the aforesaid consideration is deemed to be no liability admission on the part of the said Releasee, said legal responsibility, in fact, being denied.
IN WITNESS WHEREOF I have hereunto executed this Employee Final Release by affixing my hand and seal on [date], in the presence of the witness who signed below.
Witness [Employee Name]
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