In this form, as a result of a lump sum settlement, a former employee is releasing a former employer from any and all claims for breach of contract or wrongful termination as well as any claim under the Employee Retirement Income Security Act of 1974, as amended (ERISA);
any claim under the Age Discrimination in Employment Act, as amended, or the Older Workers Benefit Protection Act; any claim under Title VII of the Civil Rights Act of 1964, as amended;
any claim under the Americans with Disabilities Act, as amended; and any other claim of discrimination or retaliation in employment (whether based on federal, state or local law, statutory or decisional);
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Description: A New Mexico Release by Employee of Claims against Employer related to Terminated Employment is a legal document that acknowledges the termination of an employee's employment with a specific employer and outlines the terms and conditions for releasing any claims or grievances the employee may have against the employer. This release also addresses the release of employee benefit and pension plans and funds. This type of release is comprehensive, covering various aspects related to the termination of employment and safeguarding the interests of both the employee and employer. The New Mexico law requires that this release be drafted carefully to ensure that it complies with all applicable legal requirements. The release serves as a mutual agreement between the employee and employer, preventing any potential future litigation or disputes arising from the termination. By signing this document, the employee acknowledges that they have received all appropriate compensation and benefits owed to them, and they agree to waive any and all claims against the employer related to their termination. The New Mexico Release by Employee of Claims against Employer related to Terminated Employment Including the Release of Employee Benefit and Pension Plans and Funds explicitly addresses the release of employee benefit and pension plans and funds. It ensures that the employee understands they are relinquishing any entitlements to benefits or pension plans that would have otherwise been available to them if they were still employed. The release typically outlines the specific benefits that are waived, including health insurance, retirement plans, stock options, and any other employee benefits. Different types of New Mexico Release by Employee of Claims against Employer related to Terminated Employment Including the Release of Employee Benefit and Pension Plans and Funds may include: 1. Standard Release: This is the most common type of release. It covers all general claims related to the termination of employment and includes the release of employee benefit and pension plans and funds. 2. Confidentiality Release: In addition to the standard release, this type may include provisions prohibiting the disclosure of any confidential or sensitive information the employee may have acquired during their employment. 3. Non-disparagement Release: This type of release not only covers the termination-related claims but also includes provisions preventing the employee from making any negative or disparaging remarks about the employer or its representatives. 4. Mutual Release: A mutual release is used when both parties, the employee and the employer, want to ensure the termination is finalized without any potential future claims. It covers the release of any claims from both sides and may also include the release of employee benefit and pension plans and funds. It is crucial for both employees and employers to carefully review and understand the specific terms and conditions outlined in the New Mexico Release by Employee of Claims against Employer related to Terminated Employment Including the Release of Employee Benefit and Pension Plans and Funds. Seeking legal advice is highly recommended ensuring compliance with all applicable laws and to protect the rights and interests of both parties involved.
