Common Contracts
1 similar Severance Agreement contracts
Severance agreement illinois templateSeverance Agreement • February 7th, 2022
The Employer will not, except as may be required by law, issue any official press release or statement which is intended to disparage Employee. Acknowledgement Employee acknowledges that the covenants of this Agreement are supported by good and adequate consideration, and that such covenants are reasonable and necessary [in terms of duration, scope and geographic area] to protect the legitimate business interests of Employer. (g) No Waiver of Rights. Non-Disparagement (a) Employee Obligation. Compensation Upon Termination (a) Termination Without Cause; With Good Reason. The Employer shall pay Employee a total of [Severance Amount] (i.e. 2 Months) severance (total amount equaling $Severance Amount in Dollars) ('Severance Compensation'). (f) Governing Law. All notices permitted or required under this Agreement shall be in writing and shall be delivered in person or mailed by first class, registered or certified mail, postage prepaid, to the address of the party specified in this Agreemen
