This release agreement seeks to settle claims with an employee in exchange for a more lucrative financial separation package than the employee would otherwise be entitled to (had the employee not entered into this agreement. This release seeks to settle any known and unknown claims under Title VII of the Civil Rights Act of 1964, the Americans With Disabilities Act, the Age Discrimination in Employment Act, the Family and Medical Leave Act, the Pregnancy Discrimination Act, the Fair Labor Standards Act, and state fair employment practices statutes and laws.
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.
[Employer's Letterhead] [Date] [Employee's Name] [Employee's Address] [City, State, ZIP] Subject: Release Agreement for Alleged Violations of Fair Employment Practices Statutes Dear [Employee's Name], We regret to inform you that your employment with [Company Name] will be terminated effective [Termination Date]. As per our discussion held on [Date of Discussion], it has been brought to our attention that certain allegations have been made against you for violations of the Fair Employment Practices Statutes of the Virgin Islands. In order to amicably resolve and settle any potential disputes arising from these allegations, we would like to propose a Virgin Islands Release Agreement, which is intended to protect the rights of both parties and provide a reasonable framework for termination and any potential legal claims. The key terms and conditions of the Virgin Islands Release Agreement are as follows: 1. Release of Claims: In consideration of the termination benefits (if any) being provided to you by our company, you agree to release and discharge our company, its affiliates, managers, officers, employees, agents, and representatives from any and all claims, charges, actions, demands, causes of action, and liabilities of any nature, whether known or unknown, arising out of or in any way relating to your employment with [Company Name] and its termination. 2. Non-Admission of Liability: This agreement does not constitute an admission of liability or wrongdoing by either party. It is simply a means to resolve any potential issues in a fair and equitable manner. 3. Confidentiality: You agree to keep confidential all information pertaining to the terms and conditions of this agreement, including the settlement amount, and shall not divulge or disclose such information to any third party, except your immediate family members or legal advisors bound by a duty of confidentiality. 4. Non-Disparagement: Both parties agree not to make any disparaging remarks, comments, or statements about each other, either orally or in writing, which could adversely affect the reputation or business interests of the other party. [Optional: Include other provisions specific to the circumstances] This Virgin Islands Release Agreement is subject to your acceptance, and upon signing, it shall become a legally binding document. We kindly request that you review these terms carefully and consult with legal counsel, should you wish to do so, before signing the enclosed agreement. We also acknowledge your right to take the appropriate time to consider this proposal. To express your acceptance of this Virgin Islands Release Agreement, please sign and date the enclosed copy and return it to us no later than [Acceptance Deadline]. We understand that this situation may be challenging, and we genuinely appreciate your cooperation and understanding throughout this process. If you have any further questions or concerns, please do not hesitate to contact me directly. Thank you for your contribution to [Company Name], and we wish you the best in your future endeavors. Yours sincerely, [Employer's Name] [Employer's Position] [Company Name] Enclosure: Virgin Islands Release Agreement.
