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Exhibit 10.12SEVERANCE AGREEMENT AND RELEASE Karen P. Miles (Employee) and Expressed Airlines, Inc. (“Expressed or “the Company) enter this Severance Agreement and Release (Agreement “). Expressed

How to fill out severance agreement and release

How to fill out severance agreement and release:

1. Obtain a copy of the severance agreement and release form from your employer. This document will outline the terms and conditions of your severance package.
2. Read the severance agreement carefully, paying close attention to the provisions related to compensation, benefits, non-disclosure agreements, non-compete clauses, and any other relevant terms. Understand your rights and obligations under the agreement.
3. Seek legal advice if necessary. Consulting an attorney who specializes in employment law can help you understand the legal implications of signing the severance agreement and release.
4. Fill out the personal information section of the form, which may include your name, address, phone number, and employee identification details. Ensure that all the information provided is accurate and up to date.
5. Review the sections pertaining to the terms and conditions of the severance package. This may include details about the amount of severance pay, continuation of benefits, payment schedule, and any additional perks or considerations.
6. Pay attention to any restrictive covenants or post-employment obligations outlined in the agreement. These may include non-compete clauses, non-solicitation agreements, or non-disclosure provisions. Make sure you understand the extent and duration of these obligations.
7. If there are any negotiated changes or modifications to the original severance agreement, ensure that they are accurately reflected in the document. Any amendments or addendums should be clearly stated and signed by both parties.
8. Sign and date the severance agreement and release form. By signing, you are acknowledging that you have read, understood, and agree to the terms and conditions set forth in the agreement. Keep a copy for your records.

Who needs severance agreement and release?

1. Employees who are being laid off or terminated by their employer may need a severance agreement and release. This document ensures that both parties have a clear understanding of the terms of separation and helps protect the rights and interests of both the employer and the employee.
2. Companies and organizations may also require employees to sign a severance agreement and release as part of their standard termination process. This agreement helps outline the responsibilities and obligations of both parties and minimizes the chances of future disputes or legal issues arising.
3. Severance agreements and releases are particularly important for high-level executives or employees who have access to sensitive company information. These agreements often include confidentiality and non-compete clauses to safeguard the company's intellectual property and competitive advantage.

Remember to consult with a legal professional for specific advice tailored to your individual circumstances, as laws and regulations may vary based on jurisdiction.

For pdfFiller’s FAQs

What is severance agreement and release?

A severance agreement and release is a legally binding contract between an employer and an employee that specifies the terms of separation and any benefits that will be provided.

Who is required to file severance agreement and release?

The employer and employee involved in the separation are required to file the severance agreement and release.

How to fill out severance agreement and release?

A severance agreement and release should be filled out with the relevant details of the separation, including any benefits or compensation to be provided.

What is the purpose of severance agreement and release?

The purpose of a severance agreement and release is to outline the terms of separation and to protect both parties from any future legal claims.

What information must be reported on severance agreement and release?

The severance agreement and release should include details such as the reason for separation, any benefits or compensation to be provided, and any additional terms or conditions.

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