LETTER III - Voluntary Contract Termination
The parties have agreed within the context of Article 14 Voluntary Contract Termination to the utilization in their generality of the following forms:
a) Release Form
b) Schedule of Instalment Payments and
c) Resignation Form.
The above forms have been identified and signed by the parties on June 24, 1983.
RELEASE
I, ....., of the City of Windsor, in the County of Essex and Province of Ontario, for myself, my heirs, executors, administrators and assigns, in consideration of the payment to me by the University of Windsor (hereinafter called the "University"), of the sum of One Dollar ($1.00), the receipt of which is hereby acknowledged, and in consideration of the acceptance by the University of my resignation from employment dated the .......... day of ................, and in consideration of the compensation set forth in Schedule "B" attached hereto, hereby remise, release and forever discharge the University, its successors, assigns, officers and agents, of and from all actions, causes of action, suits, claims and demands of every nature or kind, which I may now have or which I may ever in the future have, whether under any Statute or Law, or otherwise, arising out of my termination of employment with the University.
For the consideration aforesaid I hereby covenant and agree not to make any claim or commence or maintain any action or proceeding against any person or corporation in which any claim could arise against the University for contribution or indemnity under any Statute or Law or otherwise in respect of my termination of employment with the University.
IN WITNESS WHEREOF I have hereunto set my hand and seal this .......... day of ................
SIGNED, SEALED AND DELIVERED
in the presence of
_________________________ _______________________________
* * * * * * * * * * * * * * * * * * * * * * * * * *
SCHEDULE "B"
(Attached to and forming part of the Release executed
by ..................... and dated the .......... day of .............)
In consideration of the resignation from employment of ................, effective the ....... day of ........., the University of Windsor (hereinafter called the "University"), agrees to pay to ............. the lump sum of .............. or the sum of .................... without interest, payable in .......... equal instalments of ......... each as elected by the member resigning. The first of such instalments shall be due and payable on the .... day of................ and the remaining instalments shall be due and payable on the .... day of............... in each year thereafter, to and including the .... day of .... on which day the last instalment shall be due and payable.
The lump sum or the instalments referred to above shall be subject to all deductions which the University is required to make by Law.
In the event that ............ should die prior to the .... day of ..... the balance of the instalments due and payable hereunder shall be paid to the Estate of.................. at the same time and on the same terms and conditions as herein set forth.
DATED at Windsor, Ontario this .... day of .............
___________________________________________
UNIVERSITY OF WINDSOR
Per:
______________________________
RESIGNATION
I, ...................................., hereby tender my resignation from employment with the University of Windsor, effective the .... day of .........
DATED at Windsor, Ontario this .... day of .............
Resignation accepted this .... day of ..............
_____________________________________________
UNIVERSITY OF WINDSOR
Per:
