GVHR » Topics » FULL AND FINAL RELEASE OF CLAIMS

This excerpt taken from the GVHR 10-Q filed Nov 9, 2007.

FULL AND FINAL RELEASE OF CLAIMS

 

This Separation Agreement and Full and Final Release of Claims (“Agreement”) is made and entered into between Erik Vonk (“Mr. Vonk” or “Employee”) and Gevity HR, Inc. (“Gevity” or “Employer”).

 

WHEREAS, Mr. Vonk and Staff Leasing, Inc, (a predecessor to Gevity) entered into an Employment Agreement effective as of March 21, 2002 (“Employment Agreement”) which provides for certain payments to be made to Mr. Vonk upon his termination of employment from Gevity without cause and imposes certain restrictive covenants and confidentiality requirements on Mr. Vonk;

 

WHEREAS, Mr. Vonk and Gevity have mutually agreed to terminate Mr. Vonk’s employment relationship and desire to enter into this Agreement which, except as described in this Agreement, supersedes the Employment Agreement and provides for certain payments and benefits to be made to Mr. Vonk upon his termination of employment and imposes additional restrictive covenants and provisions on Mr. Vonk;

 

WHEREAS, Mr. Vonk and Staff Leasing, Inc., d/b/a Gevity HR, entered into a Securities Purchase Agreement dated as of March 22, 2002 (“Purchase Agreement”) pursuant to which Mr. Vonk acquired shares of common stock of Gevity and received certain registration rights with respect to such shares;

 

WHEREAS, Mr. Vonk and Gevity have mutually agreed to amend the registration rights set forth in Section 3.3 of the Purchase Agreement.

 

NOW, THEREFORE, in consideration of the covenants and agreements hereinafter set forth, intending to be legally bound hereby, Mr. Vonk and Gevity agree as follows:

 

This excerpt taken from the GVHR 8-K filed Jul 27, 2007.
FULL AND FINAL RELEASE OF CLAIMS

 

This Separation Agreement and Full and Final Release of Claims (“Agreement”) is made and entered into between Peter C. Grabowski (“Mr. Grabowski” or “Employee”) and Gevity HR, Inc. (“Gevity” or “Employer”).

 

EXCERPTS ON THIS PAGE:

10-Q
Nov 9, 2007
8-K
Jul 27, 2007

RELATED TOPICS for GVHR:

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