ConfidentialAgreementandGeneralReleaseofClaims保密条约docWord文件下载.docx
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ConfidentialAgreementandGeneralReleaseofClaims保密条约docWord文件下载.docx
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THISCONFIDENTIALAGREEMENTANDGENERALRELEASEOFCLAIMS(theAgreement)dated_________,_________,_________(M,D,Y)isbetweenAAA(Employee)andBBBCorporation,doingbusinessasBBB(theCompany),a_________(Placename)corporation.AsusedinthisAgreement,theCompanyreferstoBBBCorporationandallparents,subsidiaries,divisions,predecessors,andsuccessorsofBBBCorporation.
WHEREAS,EmployeewishestoresignhispositionsasChiefExecutiveOfficerandChairman;
and
WHEREAS,CompanywishestoretainEmployeefortransitionandconsultationservices;
NOW,THEREFORE,THEPARTIESAGREEASFOLLOWS:
1.ResignationasanOfficerandBoardMemberoftheCompany.Employee’semploymentasChiefExecutiveOfficerandChairmanoftheCompanywillterminateeffectiveasof_________,_________,_________(M,D,Y)(theSeparationDate)andEmployeewillresignfromsuchpositionsontheSeparationDate.OntheSeparationDate,EmployeewillalsoresignfromtheCompany’sBoardofDirectors,effectiveasoftheSeparationDate.EmployeewillcontinueasanemployeefortheperiodfromtheSeparationDatethrough_________,_________,_________(M,D,Y)(theInterimEmploymentPeriod).DuringtheInterimEmploymentPeriod,EmployeewillmakehimselfavailableatmutuallyconvenienttimesasrequestedbytheCompany’sChiefExecutiveOfficerandwillbeentitledtoreimbursementforhisreasonablebusinessexpensesonthesamebasisapplicabletomanagementemployeesoftheCompanygenerally(nottoexceed$,_________unlessEmployeeisspecificallyrequestedtoperformactivitieswherehisexpenseswouldexceedthisamount).Notwithstandingthisemployment,EmployeeshallbefreetosimultaneouslyengageinotheractivitieschosenbyEmployee,includingfull-timeemploymentwithanyotherentities,duringtheInterimEmploymentPeriod.
2.ObligationsoftheCompany.
a.InexchangeforthereleaseofclaimsandotherpromisessetforthinthisAgreementandtheattachedAddendumA,theCompanyagreestoprovideEmployeewiththefollowingbenefits:
(1)Employeewillreceivehiscurrentbasesalaryof$,_________peryear(theBaseSalary)andallotherunpaidcompensationandbenefitsaccruedthroughtheSeparationDate(lessapplicablewithholding).
(2)TheCompanywillpayEmployeeanamountequaltoEmployee’sBaseSalaryinaccordancewiththeCompany’snormalpayrollpracticesduringtheInterimEmploymentPeriod,lessapplicablewithholding.Inaddition,ifanyperformancebonusispaidbytheCompanytotheCompany’sSection16officersforcalendar_________(Year),atthetimesuchpaymentismadetotheCompany’sSection16officers,Employeewillbepaidfiftypercent(50%)ofanyperformancebonusthathewouldhavereceivedassuchaSection16officerifhisemploymentasaSection16officerhadnotbeenterminatedandwithoutregardtoEmployee’sperformance,lessapplicablewithholding.
(3)TheCompanywillprovideEmployeewithallexistingemployeebenefitplaninsurancecoverage(otherthananynewgrantsofstockoptionsandSection401(k)planeligibility)totheextentpermittedbytheCompany’semployeebenefitplansfortheInterimEmploymentPeriodattheCompany’sexpense.Thereafter,EmployeewillbeeligibletopurchaseindependentlytheidenticalhealthcareinsurancecoverageprogramsasrequiredbytheConsolidatedOmnibusBudgetReconciliationActof1985,asamended(COBRA).TheCompanywillpayEmployee’sCOBRApremiums(onatax-freebasis)through_________,_________,_________(M,D,Y).
(4)WithrespecttoanyCompanystockoptionsheldbyEmployeeasoftheSeparationDate,suchstockoptionswillcontinuetovestandremainexercisableduringtheInterimEmploymentPeriod.Thereafter,allsuchoptionstopurchasesharesoftheCompany’sCommonStockwillceasevestingbutwillremainexercisableuntil_________,_________,_________(M,D,Y).Allofyouroptionsshallbecomenonqualifiedstockoptions.Employeewillnotpurchase(otherthanpursuanttotheexerciseofhisstockoptions)orsellCompanyCommonStockuntiltheearlierof(a)theopeningofthetradingwindowfortheCompany’sSection16officersor(b)twodaysfollowingthereleaseoftheCompany’sQ2_________(Year)earnings.
(5)Employee’sobligationtorepaytotheCompanyaloanfromtheCompanyintheamountof$,_________,pursuanttoapromissorynoteddated_________,_________,_________(M,D,Y)(attachedheretoasExhibitA),isextendeduntilDe_________,_________,_________(M,D,Y);
providedthatEmployeeisinfullcompliancewithhisobligationssetforthinSection3,below;
andprovidedfurtherthatanysharesoftheCompany’sCommonStockorotherpropertythatsecuressuchloanwillremainsubjecttotheapplicablepledgeagreementorsecurityagreementuntiltheloanisfullyrepaid.OnDe_________,_________,_________(M,D,Y),theCompanywillforgivetheinterestaccruedonthisloanpursuanttothetermsofthepromissorynote;
providedthatEmployeeisinfullcompliancewithhisobligationssetforthinSection3,below.
(6)EmployeewillcontinuetohaveaccesstotheservicesofanexecutiveassistantlocatedinBoston,MassachusettsduringtheInterimEmploymentPeriodattheCompany’sexpense.TheCompanywillpaytheCOBRApremiums(onatax-freebasis)forEmployee’sexecutiveassistantthrough_________,_________,_________(M,D,Y).
b.EmployeeunderstandsandacknowledgesthatEmployeewillnotbeentitledtoanybenefitsorpaymentsfromtheCompanyotherthanthoseexpresslysetforthinthisSection2.EmployeeacknowledgesandagreesthatthisAgreementsupersedesthetermssetforthinhisEmploymentAgreementeffective_________,_________,_________(M,D,Y)(attachedheretoasExhibitB)andtheEmployee’sandtheCompany’sobligationsundersuchEmploymentAgreementareherebyterminatedintheirentirety,effectiveasoftheSeparationDate.
3.ObligationsofEmployee.InexchangeforthebenefitsdescribedaboveinSection2,Employeeagreestothefollowing:
a.EmployeeagreestopromptlyprovidetheCompanywithanyavailableinformationrelatingtoworkpreviouslyperformedbyEmployeefortheCompanyuponreasonablenoticeandrequestfromtheCompanyforaperiodofuptooneyearfromtheendoftheInterimEmploymentPeriod.
b.EmployeewillbeboundbyandcomplywiththetermsoftheEmployeeInventionAssignmentandConfidentialityAgreement(acopyofwhichisattachedtothisAgreementasExhibitC).EmployeewillreturnallCompanyproperty(unlessotherwiseagreedinwriting)andallconfidentialandproprietaryinformationinEmployee’spossessiontotheCompanywithinfivebusinessdaysfromtheendoftheInterimEmploymentPeriod.Notwithstandingtheforegoing,theCompany-ownedcomputers,monitorsandrelatedequipmentpresentlyusedbyEmployeeandCarenBordelonwillbecomethepropertyofEmployeeandCarenBordelon,respectively,subjecttotheCompany’srighttopurgesuchequipmentofallconfidentialinformationrelatingtotheCompanyinaccordancewiththeCompany’snormalproceduresprovidedtheresalevalueofsuchequipmentshallnotexceed$,_________.EmployeewilldeliveralistofsuchequipmenttotheCompanywithin10daysoftheEffectiveDate.
c.Employeewillnotsolicit,orinitiateanysolicitationofanyCompanyemployeetoleavehis/heremploymentwiththeCompany(excludingEmployee’sexecutiveassistant)tocommencearelationshipwithEmployeeoranyotheremployerforaperiodendingone
(1)yearfollowingtheendoftheInterimEmploymentPeriod.
4.Release.InexchangeforthebenefitsdescribedinSection2,Employeeagreestoexecutetherelease(theRelease)attachedtothisAgreementasAddendumAonorpromptlyfollowingtheSeparationDateandtoexecuteasubstantiallyidenticalRelease(appropriatelymodifiedbytheCompanytoreflectthenewdateofexecution)attheendoftheInterimEmploymentPeriodsubject,ineachcase,totheCompanyalsoexecutingsuchRelease.
5.Arbitration.Anyclaim,dispute,orcontroversyarisingoutoforinanywayrelatingtothisAgreementortheallegedbreachofthisAgreementwillbesubmittedbythepartiestobindingarbitrationin_________County,_________(Placename)byJAMSorbyajudgetobemutuallyagreedupon.ThisSection5willnotpreventeitherpartyfromseekinginjunctiverelief(oranyotherprovisionalremedy)fromanycourthavingjurisdictionoverthepartiesandthesubjectmatteroftheirdisputerelatingtoEmployee’sobligationsunderEmployee’sConfidentialityAgreementandEmployee’sobligationsunderSection3hereof.
6.Attorneys’Fees.Theprevailingpartywillbeentitledtorecoverfromthelosingpartyitsattorneys’feesandcosts(includingexpertwitnessfees)incurredinanyarbitration,lawsuitorotherproceedingbroughttoenforceanyrightarisingoutofthisAgreement.
7.Confidentiality.EachpartyacknowledgesthatsuchpartyhasnotdisclosedanyofthetermsofthisAgreementtoanyoneotherthansuchparty’scounseland/orEmployee’sspouse/domesticpartner.Eachpartyagrees,onbehalfofitselfanditsagents,totheextentpermittedbylaw,nottodisclose,ortotakeeveryreasonableprecautiontopreventdisclosureof,anyofthetermsofthisAgreementorconsiderationforthisAgreement(theSettlementInformation)tothirdparties,andagreesthattherewillbenopublicity,directlyorindirectly,concerninganySettlementInformation.EachpartyagreestotakeeveryreasonableprecautiontodiscloseSettlementInformationonlytosuchparty’sattorney,accountant,taxauthorities,andEmployee’sspouse/domesticpartner,ifandonlyifthese
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