An employee service may be terminated by either side by giving 2 month notice period. If Employee resigns they need to serve 2 months notice period at least, final decision will be in the hand of HR & Management Team. Company reserves the right for non disbursement of loyalty bonus, if the employee leaves the company within one year of his/her service.Employees must not be given any leave during their notice period. It will extend the notice period if you will take a leave for any reason.
2
.
Other
Compensation or Benefits.
You acknowledge that, you will not receive any additional
compensation or benefits after the Resignation Date.
3 . Return of Company Property: By the Resignation Date, you agree to return to the Company all Company documents (and all copies thereof) and other Company property that you have had in your possession at any time, but not limited to, Company files, notes, records, business plans and forecasts, financial information, specifications, computer-recorded information, tangible/intangible property any materials or confidential information of the Company (and all reproductions thereof).
4 . Proprietary Information Obligations. Both during and after your employment you acknowledge your continuing obligations under your Proprietary Information and Inventions Agreement not to use or disclose any confidential or proprietary information of the Company without prior written authorization from a duly authorized representative of the Company.
5 . Non-disparagement . Both you and the Company agree not to disparage the other party, and the other party's officers, directors, employees, shareholders and agents, in any manner likely to be harmful to them or their business, business reputation or personal reputation. provided that both you and the Company will respond accurately and fully to any question, inquiry or request for information when required by legal process. The communication regarding your resignation of employment shall be subject to both parties reasonable approval.
6 . Non-solicitation . You agree that you will not directly or indirectly solicit, entice, induce, or encourage any employee, consultant, or independent contractor of the Company to terminate his or her relationship with the Company in order to become an employee, consultant, or independent contractor to or for any other person or entity.
7 . Assistance with Areas of Responsibilities. Without requiring additional compensation, you hereby agree to provide reasonable assistance to the Company with questions concerning areas of responsibilities with which you were familiar during your employment, to the extent that the Company believes such assistance is useful.
8 . Release . In exchange for the payments and other consideration under this Agreement to which you would not otherwise be entitled, you hereby release, acquit and forever discharge the Company, officers, directors, agents, servants, employees, attorneys, shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way related to agreements, events, acts or conduct at any time prior to and including the execution date of this Agreement, including but not limited to: all such claims and demands directly or indirectly arising out of or in any way connected with your employment with the Company or the termination of that employment; claims or demands related to salary, bonuses, commissions, or any other ownership interests in the Company, expense reimbursements, or any other form of compensation; wrongful discharge; discrimination; harassment; fraud; defamation; emotional distress; and breach of the implied covenant of good faith and fair dealing.
9
.
You acknowledge that you are knowingly and voluntarily waiving and
releasing any rights you may have under the Serpent rules, as
amended. You also acknowledge that the consideration given for the
waiver and release in the preceding paragraph hereof is in addition
to anything of value to which you were already entitled. You further
acknowledge that you have been advised by this writing, as required
by the Serpent, that: your waiver and release do not apply to any
rights or claims that may arise after the execution date of this
Agreement.
You acknowledge that you will not be reapplying for any post at Serpentcs for the period of minimum one year from the date you signed this document.