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1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Brief history of employment relationship and reason for separation
3. Definitions: Key terms used throughout the agreement including Separation Date, Effective Date, and Released Parties
4. Separation Date and Final Payments: Statement of employment termination date and details of final salary, accrued vacation, and expense reimbursements
5. Separation Payment: Details of severance payment amount, timing, and conditions for payment
6. Benefits: Information about continuation or termination of health insurance, COBRA rights, and other benefits
7. Release of Claims: Comprehensive release of all claims against employer, including specific statutory references
8. Confidentiality Obligations: Ongoing obligations regarding company confidential information and trade secrets
9. Governing Law: Specification of applicable state law and jurisdiction for disputes
1. Non-Compete Provisions: Restrictions on future employment in competing businesses, when permitted by state law
2. Non-Solicitation Provisions: Restrictions on soliciting employees, customers, or vendors
3. Return of Company Property: Requirements and timeline for returning company equipment, documents, and materials
4. Reference and Communications: Agreement on handling employment references and internal/external communications about separation
5. Cooperation: Employee's agreement to assist with transition and future inquiries
6. Non-Disparagement: Mutual or one-way agreement not to make negative statements about the other party
1. Schedule A - Separation Payment Details: Detailed breakdown of severance payment and payment schedule
2. Schedule B - Comprehensive Release of Claims: Detailed release language including all applicable federal and state statutes
3. Schedule C - Company Property Inventory: List of company property to be returned by employee
4. Schedule D - ADEA Disclosure: Required disclosure for employees over 40 under the Age Discrimination in Employment Act
5. Schedule E - Continuing Benefits Summary: Detailed description of any continuing benefits and their duration
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