Global Settlement Agreement
I. Parties Involved
This Employment Settlement Agreement ("Agreement") is entered into on [DATE], by and between:
[YOUR COMPANY NAME], a [LEGAL ENTITY TYPE] organized and existing under the laws of [JURISDICTION], with its principal place of business located at [COMPANY ADDRESS] (hereinafter referred to as "[EMPLOYER]"), and
[EMPLOYEE NAME], an individual residing at [EMPLOYEE ADDRESS] (hereinafter referred to as "[EMPLOYEE]").
II. Background
[EMPLOYER] and [EMPLOYEE] were parties to an employment relationship. Disputes have arisen concerning [BRIEF DESCRIPTION OF DISPUTE].
III. Terms of Settlement
Termination of Employment:
[EMPLOYEE] agrees to resign from their position as [EMPLOYEE POSITION] effective [DATE OF RESIGNATION].
[EMPLOYER] agrees to provide [EMPLOYEE] with a severance package consisting of [DETAILS OF SEVERANCE PACKAGE].
Compensation:
Confidentiality:
Release of Claims:
[EMPLOYEE] hereby releases and forever discharges [EMPLOYER], its officers, directors, employees, and agents from any and all claims, demands, actions, or causes of action arising out of or related to [BRIEF DESCRIPTION OF CLAIMS].
IV. Representations and Warranties
V. Miscellaneous
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [JURISDICTION].
Entire Agreement: This Agreement constitutes the entire understanding and agreement between the parties concerning the subject matter hereof and supersedes all prior agreements and understandings, whether oral or written.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[YOUR COMPANY NAME]
[YOUR NAME]
[EMPLOYEE NAME]
[DATE]
Settlement Templates @ Template.net
