Model Format of Employee Final Release

Model Format of Employee Final Release

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Employee Final Release
Employee Final Release

IN CONSIDERATION of the payment to me of the sum of Rs. ____________________ receipt of which is hereby acknowledged, I, __________________, on behalf of myself, my heirs, administrators and assigns (hereinafter collectively referred to as the “Releasor”) hereby release and forever discharge, its parent, subsidiaries and affiliates and each of its and their respective officers, directors, employees, servants and agents, and their successors and assigns (hereinafter collectively referred to as the “Releasee”) jointly and severally from any and all actions, causes of action, contracts and covenants, whether express or implied, claims and demands for damages, costs, interest, loss or injury of every nature and kind whatsoever arising, which I may heretofore have had, may now have or may hereinafter have and without limiting the generality of the foregoing, all claims in any way relating to the hiring of, the employment by or the termination of employment of the Releasor by the Releasee and I hereby specifically covenant, represent and warrant to the Releasee that I have no further claim against the Releasee for or arising out of my employment, or separation from the Company, or terms of such employment or employment separation by the Releasee; employee benefit plans whether or not arising; any discrimination claim whether or not arising under any local, state or central law or regulation, public policy or common law; or any state, central or local statute, regulation, public policy, contract or tort principle in any way governing or regulating my employment, or termination, or terms of employment or termination by the Releasee….

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