Employee Termination Agreement Form
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WHEREAS, on , 20, the Company and Employee entered into a certain Employment Agreement (the “Employment Agreement”) which Employment Agreement provides the terms and conditions under which Employee would be employed by the Company as the POSITION WHEREAS, Section of the Employment Agreement provides that the Company may terminate Employee’s employment with the Company for “good cause”, which term is defined in the Employment Agreement WHEREAS, Section of the Employment Agreement further provides that the parties may terminate the Employment Agreement by mutual written consent at any time upon such conditions as they may agree WHEREAS, Section of the Employment Agreement further provides that in the event of termination of the Employment Agreement, neither Employee nor Employee’s successors shall be entitled to any further payments thereunder or to any damages of any kind whatsoever, other than accrued but unpaid wages due to Employee up to the date of termination WHEREAS, following continuing and repeated incidents involving Employee, which incidents the Company has reviewed with Employee on numerous occasions, Employee has demonstrated to the Company HIS OR HER ineffectiveness as an employee and WHEREAS, after careful consideration of all such incidents and Employee’s failure to take corrective action and/or to perform the duties expected of HIM OR HER as TITLE , the Company has determined that it is in the best interest of the Company to terminate the Employment Agreement..
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