Exhibit 10.29
AGREEMENT AND GENERAL RELEASE
ION Networks, Inc., (referred to throughout this Agreement as
"Employer"), and, Xxx Xxxxxxx referred to throughout this Agreement as
"Employee"), agree that:
1. Last Day of Employment. Employee's last day of employment with
Employer is 8/15/02. The Employee shall be paid earned salary and accrued
vacation in the next scheduled pay cycle unless otherwise required by law.
Commission and/or other payments will be processed in accordance with the normal
payment schedules.
2. Consideration. In consideration for signing this Agreement and
compliance with the promises made herein, Employer agrees:
a. to pay to Employee severance of six weeks of your base
salary in effect as of your separation date, less lawful deductions, within 3
business days after the passage of the revocation period described in paragraph
4 of this Agreement; and
b. if Employee elects to continue medical and dental coverage
under the Employer's Group Healthcare Plan in accordance with the continuation
requirements of COBRA, the Employer shall pay for the cost of said coverage
beginning on the last day of employment and ending on December 31, 2002.
Thereafter, Employee shall be entitled to elect to continue such COBRA coverage
for the remainder of the COBRA period, at Employee's own expense;
3. No Consideration Absent Execution of this Agreement. Employee
understands and agrees that Employee would not receive the monies and/or
benefits specified in paragraph "2" above, except for Employee's execution of
this Agreement and the fulfillment of the promises contained herein.
4. Revocation. Employee may revoke this Agreement for a period of
seven (7) calendar days following the day Employee executes this Agreement. Any
revocation within this period must be submitted, in writing, to Xxxxx Xxxxxx,
Human Resources Manager, and state, "I hereby revoke my acceptance of our
Agreement and General Release." The revocation must be personally delivered to
Xxxxx Xxxxxx or Employer's designee, or mailed to ION Networks, Inc., 0000 Xxxxx
Xxxxxxxxxx Xxxxxx, Xxxxxxxxxx, XX 00000 and postmarked within seven (7) calendar
days of execution of this Agreement. This Agreement shall not become effective
or enforceable until the revocation period has expired. If the last day of the
revocation period is a Saturday, Sunday, or legal holiday in NJ, then the
revocation period shall not expire until the next following day which is not a
Saturday, Sunday, or legal holiday.
5. General Release of Claim. Employee, Employee's heirs, executors,
administrators, fiduciaries, successors and/or assigns, knowingly and
voluntarily release and forever discharge Employer, Employer's present or former
direct or indirect parent organizations, subsidiaries, divisions and affiliated
entities, partners, officers, directors, trustees, administrators, fiduciaries,
executors, attorneys, employees, insurers, re-insurers, and/or agents, and their
successors and/or assigns (collectively referred to as "Released Parties" or
"Released Party"), of and from all claims, known and unknown, against Released
Parties which the Employee, has or may have as of the date of execution of this
Agreement, including, but not limited to, any alleged violation of:
. The National Labor Relations Act;
. Title VII of the Civil Rights Act;
. Civil Rights Act of 1991;
. Sections 1981 through 1988 of Title 42 of the United States Code;
. The Employee Retirement Income Security Act;
. The Fair Credit Reporting Act;
. The Immigration Reform Control Act;
. The Americans with Disabilities Act;
. The Rehabilitation Act;
. The Age Discrimination in Employment Act;
. The Occupational Safety and Health Act;
. The Family and Medical Leave Act;
. The Equal Pay Act;
. The Fair Labor Standards Act;
. The Uniformed Services Employment and Reemployment Rights Act;
. Worker Adjustment and Retraining Notification Act;
. Employee Polygraph Protection Act;
. The New Jersey Law Against Discrimination;
. The New Jersey Family Leave Act;
. The New Jersey State Wage and Hour Law;
. The New Jersey Conscientious Employee Protection Act;
. The New Jersey Equal Pay Law;
. The New Jersey Occupational Safety and Health Law;
. The New Jersey Smokers' Rights Law;
. The New Jersey Genetic Privacy Act;
. The New Jersey Fair Credit Reporting Act;
. The New Jersey Statutory Provision Regarding
Retaliation/Discrimination for Filing A Workers' Compensation
Claim;
. The New Jersey Public Employees' Occupational Safety and Health
Act;
. New Jersey laws regarding Political Activities of Employees, Lie
Detector Tests, Jury Duty, Employment Protection, and
Discrimination;
. any other federal, state or local civil rights law or any other
local, state or federal law, regulation or ordinance;
. any public policy, contract (oral, written or implied), tort,
constitutional or common law;
. any claims for vacation, sick or personal leave pay or payment
pursuant to any practice, policy, handbook or manual of Employer;
or
. any allegation for costs, fees, or other expenses including
attorneys' fees.
6. Affirmations. Employee affirms that Employee has not filed or
caused to be filed, and presently is not a party to, any claim, complaint, or
action against Released Parties in any forum or form. Employee further affirms
that Employee has been paid and/or has received all compensation, wages,
bonuses, commissions, and/or benefits to which Employee may be entitled and that
no other compensation, wages, bonuses, commissions and/or benefits are due to
Employee, except as provided in this Agreement.
7. Applicable Data. Attached as Exhibit "A" is a list of the job
titles and ages of all individuals eligible for the Reduction In Force.
8. Confidentiality. Employee agrees not to disclose any information
regarding the existence or substance of this Agreement and General Release,
except to Employee's spouse, tax advisor, or an attorney with whom Employee
chooses to consult regarding Employee's consideration of this Agreement. In the
event Employee is subject to subpoena, court order or otherwise compelled to
testify, appear or provide information regarding Released Parties, within three
(3) days of Employee's receipt of said subpoena, court order, or other
notification, Employee will provide written notice, via facsimile and mail, to
Xxxxx Xxxxxxx, Xxxxxxx Xxxxx Xxxxxxxxxx & Xxxxxxx, 00 Xxxxxxxxxx Xxxxxx,
Xxxxxxxxxx, XX 00000, Fax: 000-000-0000, counsel for Employer. This Agreement
shall not be filed with any Court and shall remain forever confidential except
in an action to enforce or for breach of this Agreement. If Plaintiff asserts an
action to enforce this Agreement or for breach of this Agreement, Plaintiff
shall maintain such confidentiality by whatever means necessary, including, but
not limited to, submitting the Agreement to a court under confidential seal.
9. Non-Disparagement. Employee agrees not to make any disparaging
statements about the Company, their present or former agents, servants,
employees, senior management or their operations to any person, entity, business
or other agents, the media or business community.
10. Return of Company Property. Employee agrees, within seven (7)
calendar days from the date of this Agreement, to return any and all property,
including all copies or duplicates thereof, belonging to the Company including,
but not limited to, keys, security cards, equipment, documents, supplies,
customer lists and customer information, confidential documents, etc. With the
return of the Company's materials, Employee shall submit a letter to Human
Resources, affirming that Employee has returned all property and copies and has
not retained any property belonging to the Company.
11. Governing Law and Interpretation. This Agreement shall be
governed and conformed in accordance with the laws of the State of New Jersey
without regard to its conflict of laws provision. In the event Employee or
Employer breaches any provision of this Agreement, Employee and Employer affirm
that either may institute an action against the other to specifically enforce
any term or terms of this Agreement, in addition to any other legal or equitable
relief permitted by law. In the event that any provision of this Agreement is
declared illegal or unenforceable by a court of competent jurisdiction and
cannot be modified to be enforceable, excluding the general release language,
such provision shall immediately become null and void, leaving the remainder of
this Agreement in full force and effect. Moreover, if any such provision
determined to be invalid, illegal or unenforceable can be made valid, legal or
enforceable by modification thereof, then the party for whose benefit the
provision exists, may make such modification as necessary to make the provision
valid, legal and enforceable.
11. Nonadmission of Wrongdoing. Employee agrees that neither this
Agreement nor the furnishing of the consideration for this Agreement shall be
deemed or construed at anytime for any purpose as an admission by Employer of
any liability or unlawful conduct of any kind.
12. Amendment. This Agreement may not be modified, altered or changed
except upon express written consent of both parties wherein specific reference
is made to this Agreement.
13. Entire Agreement. This Agreement sets forth the entire agreement
between the parties hereto, and fully supersedes any prior agreements or
understandings between the parties except the Non-Disclosure Agreement. Employee
acknowledges that Employee
has not relied on any representations, promises, or agreements of any kind made
to Employee in connection with Employee's decision to accept this Agreement,
except for those set forth in this Agreement.
EMPLOYEE IS ADVISED THAT EMPLOYEE HAS AT LEAST FORTY-FIVE (45)
CALENDAR DAYS TO CONSIDER THIS AGREEMENT AND GENERAL RELEASE AND IS HEREBY
ADVISED TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTION OF THIS AGREEMENT AND
GENERAL RELEASE.
EMPLOYEE AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS
AGREEMENT AND GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE
ORIGINAL FORTY-FIVE (45) CALENDAR DAY CONSIDERATION PERIOD.
HAVING ELECTED TO EXECUTE THIS AGREEMENT AND GENERAL RELEASE, TO
FULFILL THE PROMISES SET FORTH HEREIN, AND TO RECEIVE THEREBY THE SUMS AND
BENEFITS SET FORTH IN PARAGRAPH "2" ABOVE, EMPLOYEE FREELY AND KNOWINGLY, AND
AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT AND GENERAL RELEASE
INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS EMPLOYEE HAS OR MIGHT HAVE
AGAINST RELEASED PARTIES.
IN WITNESS WHEREOF, the parties hereto knowingly and voluntarily
executed this Agreement and General Release as of the date set forth below:
/s/ Xxx Xxxxxxx September 3, 2002
------------------------------------- -------------------------
Xxx Xxxxxxx Date
ON BEHALF OF EMPLOYER AS DEFINED HEREIN:
By: /s/ Xxxxx Xxxxxx August 15, 2002
---------------------------------- -------------------------
Xxxxx Xxxxxx Date
Human Resources Manager
