Employee Termination Agreement And Mutual Release Form (Page 4 of 5) in pdf

Employee Termination Agreement And Mutual Release Form Page 4

No Admissions. This Agreement represents a compromise of disputed claims. Except as

expressly provided in this Agreement, each party to this Agreement denies any liability to any

other party hereto and intends by this Agreement merely to avoid litigation and to buy peace.

Nothing contained herein shall constitute any admission as to liability of any kind.

Arbitration.

In the event of a dispute regarding the performance of any right or

obligation under this Agreement, the parties agree that such dispute shall be submitted to the

American Arbitration Association (“AAA”) for binding arbitration which shall conclusively

determine the rights and obligations of the parties.

The arbitration shall take place in

[CITY/STATE] and shall be conducted in accordance with the Commercial Arbitration Rules of

the AAA. The prevailing party shall be awarded all of its reasonable expenses, costs, and

attorneys’ fees in connection with the arbitration. Notwithstanding the foregoing, any party to

this Agreement may apply to any court of competent jurisdiction for any equitable or injunctive

relief to enforce any right or obligation under this Agreement.

Severability. If any provision of this Agreement shall be held or deemed to be invalid,

inoperative or unenforceable, the remaining provisions herein contained shall nonetheless

continue to be valid, operative and enforceable as though the invalid, inoperative or

unenforceable provision had not been included in this Agreement.

10.

Complete Agreement. This Agreement contains the entire agreement between the

parties hereto and constitutes the complete, final, and exclusive embodiment of their agreement

with respect to the subject matter contained herein, and shall inure to the benefit of the parties

hereto and their respective assigns, heirs, and successors-in-interest.

11.

Further Assurances. The parties hereto and their respective successors and assigns shall

do all such things, execute all such documents, and provide all such reasonable assurances as

may be required to carry out the terms and purposes of this Agreement.

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Termination of Employment Agreement

Employee Termination Agreement And Mutual Release Form Page 4