Non compete agreement illinois template
It's not like the courts are going to decide your former employer did something wrong so suddenly every contract they signed is null and void. However, whether the contract you hold is enforceable and binding has nothing to do with any other business practices they might have engaged in. IN WITNESS WHEREOF, the parties have caused this Severance Agreement to be effective by affixing their signatures below.You will have to take the agreement to a lawyer to review. Any disputes arising hereunder shall also be subject to the laws of.
For a period of years after the Severance Date, the Employee agrees that he or she will not attempt to directly or indirectly influence other employees to terminate their own employment with the Employer, or to accept employment elsewhere.The Employee hereby releases the Employer and all of the Employer’s associates from any claims, liabilities, charges, or actions, whether known or unknown at the time of this agreement, to the extent that such claims are in any way connected to or arise out of the Employee’s time of employment with the Employer.Employee agrees that they will not in any way disparage the Employer, nor its subsidiaries, affiliates, officers, or stakeholders in any way, whether verbal or written.The Employer is under no obligation to pay any compensation beyond what is expressly stated in Section 2.The Employee will continue to receive insurance coverage from the Employer under the Employer’s group health and benefits plan until.The Employer agrees to pay the Employee an amount of in consideration of the promises and covenants made in this agreement. Any payment described below will only be made following the execution of this agreement. The Employer is under no obligation to pay any sum as a result of the termination.Effective as of the Severance Date, the Employee’s position with the Employer shall be terminated.THEREFORE, both parties voluntarily agree to the following terms: WHEREAS, both the Employer and the Employee desire to settle any actual or potential differences and disputes of their employment relationship or its termination, WHEREAS, the Employer and the Employee have agreed to terminate their employer/employee relationship effective and WHEREAS, the Employee was employed by the Employer from a period of to ,
This severance agreement, effective, is between and.