0
_________________________, Referred to as EMPLOYEE, and _________________________, referred to as EMPLOYER, agree:
The parties entered into an employment contract on ____________________, with a stated term beginning on ___________________ and terminating on _________________________.
The parties desire to enter into a full and final settlement of the obligations under the contract, and in consideration of the mutual covenants and obligations and other considerations, the receipt and sufficiency of which is acknowledged herewith:
Jointly release one another from all claims from the beginning of time until the present.
Nevertheless the following new agreement shall continue in full force and effect:
For a period of _________________________ months from this date, EMPLOYEE shall not engage in the business of ____________________________________ in the following territory:
_____________________________.
Whether as a proprietor, employee, shareholder, consultant or in any other capacity.
The parties agree that the damages, which may be suffered by the EMPLOYER, are difficult to fix, and which damages may be irreparable, and the parties specifically agree that this covenant may be specifically enforced.
This is the entire agreement between the parties, and there are no agreements not expressed herein, and this agreement may be only modified in writing executed by the parties hereto.
Dated: _______________________________
______________________________________________
_________________________ By Employee or Contractor
______________________________________________
_________________________ By Employer
Release Covenant, Employee & EmployerReview List
This review list is provided to inform you about this document in question and assist you in its preparation. This Release Covenant is a small simple legal utility to get signed upon the termination or cessation of services of employees, contractors, or similar suppliers that have significant ties to your form. In the Business Agreement area we have more detailed and complex releases. But, they are often more off putting to the signer. This is a simpler agreement that is less threatening but quite protective in an overall sense.
1. Keep blank copies in your termination files. Make a copy for the recipient; keep one in their file; and one in the corporate file.
2. From the Employees point of view, unless you intend to bring suit against your Employer, signing this document releases you as well and ends your relationship on a solid legal footing.
3. While first impressions are important, terminated or resigning employees should remember that last impressions are equally important. Some day you will want a recommendation from former employers; the better your last impression, the better the chance for a positive outcome in their recommendation for you.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
An employer asks an employee that I can count on you to?
If an employer asks an employee if that employer can count on him or her, the answer should be yes. An employee must be reliable in order to benefit the employer.
Which if these involved in employer to employee trust?
The employee's criticism of the employer
Who is responsible if someone gets hurt on something an employee built the employer or employee?
If the employee built the item under the direction of the employer, using the employer's plans or specifications, the employer will be responsible. If the employee did not follow the directions of the employer, particularly if it strayed from the standards of a normal build, then the employee could be held responsible.
What are the elements in determining employer-employee relationship?
There are various elements in determining employer-employee relationship. The main elements can be found in the recruitment and engagement of the employee by the employer.
Can your employer charge a 1099 employee for workmans comp?
An employer should not charge a 1099 employee for workman's comp. If you get a 1099 you are not in an employer, employee relationship You are an independent contractor.
Does employer have to notify employee they have been terminated while out on Texas workers comp?
An employer has a duty to inform the employee of an changes to the employment terms. If an employer is out on workers' compensation, and they are terminated, the employer has a duty to communicate that information to the employee and pay that employee any money they have due to them.
A sentence for employer?
The employer suspended the employee from the job.
Can a professional be an employee?
yeah he can be a employee or employer too.
Which of these is not involved in employer-to employee trust?
the employee's honesty
Which of these statements is trueThe employee and employer both assume the role of the buyer?
The employer usually assumes the role of the buyer, and the employee assumes the role of the seller.
Can am employer force an employee to take a leave of absence?
Yes. The employer alone schedules employee work.
How the relationship between employee and employer will be strong?
depends on how productive the employee is and how good of a boss the employer is as well
