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Employee Termination Form Pdf

State:
Multi-State
Control #:
US-0626BG
Format:
Word; 
Rich Text
Instant download

Description Receipt For Payment Upon Termination

This form is for settlement, release, covenant not to sue, covenant not to compete, waiver and nondisclosure agreement of an executive employee upon termination by employer.

This form provides for a covenant not to compete. Restrictions to prevent competition by a former employee are held valid when they are reasonable and necessary to protect the interests of the employer. For example, a provision in an employment contract which prohibited an employee for two years from calling on any customer of the employer called on by the employee during the last six months of employment would generally be valid.

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Employee Termination Form Pdf