GVHR » Topics » COMPLETE TERMINATION OF EMPLOYMENT RELATIONSHIP AND RETURN OF PROPERTY

This excerpt taken from the GVHR 8-K filed Jul 27, 2007.
COMPLETE TERMINATION OF EMPLOYMENT RELATIONSHIP AND RETURN OF PROPERTY. Gevity and Mr. Grabowski agree as a matter of intent that as of the Severance Date, this Agreement terminates all aspects of the employment relationship between them. As part of an amicable resolution to the employment relationship between the parties, Mr. Grabowski acknowledges that he does not and will not seek reinstatement, future employment, or return to active employee status with Gevity. Mr. Grabowski further acknowledges that Gevity shall not be under any obligation whatsoever to consider him for reinstatement, employment, reemployment or other similar status at any time.

 

Mr. Grabowski acknowledges, understands, and agrees that within three (3) business days from the Severance Date, he must return all files, memoranda, records, credit cards, manuals, computer equipment (except that Mr. Grabowski shall be entitled to retain his laptop computer once it has been returned to Gevity so that all of Gevity’s confidential, trade secret and other proprietary information can be removed), computer software, cellular phones, and any other equipment or documents (including all copies and excerpts), and all other physical or electronic property of similar type that he received from Gevity and/or that he used in the course of his employment with Gevity.

 

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