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1. Parties: Identifies and defines all parties to the agreement, including legal names and addresses
2. Background: Recitals explaining the context of the dispute and reason for settlement
3. Definitions: Defines key terms used throughout the agreement
4. Settlement Payment: Details of the compensation amount, payment method, and timing
5. Tax Treatment: Specifies the tax characterization of the payment and responsibilities for tax payments
6. Release of Claims: Comprehensive release of claims by settling parties
7. Confidentiality: Obligations regarding non-disclosure of settlement terms
8. No Admission of Liability: Statement that settlement does not constitute admission of liability
9. Entire Agreement: Confirms this document represents the complete agreement between parties
10. Governing Law: Specifies Canadian law as governing law and jurisdiction
11. Execution: Signature blocks and execution requirements
1. Non-Disparagement: Mutual obligations not to make negative statements about other parties, used when reputation protection is important
2. Return of Property: Requirements for returning company property, relevant in employment-related settlements
3. References: Terms regarding future employment references, included in employment-related settlements
4. Continuing Obligations: Survival of specific obligations from previous agreements, used when certain prior commitments should remain in effect
5. Re-Employment: Provisions regarding future employment possibilities, typically in employment settlements
6. Insurance and Benefits: Details about continued or terminated benefits coverage, relevant for employment settlements
7. Legal Costs: Allocation of legal fees and costs, included when parties agree to address legal expenses
8. Acknowledgment of Independent Legal Advice: Confirmation that parties had opportunity for independent legal counsel, used in complex settlements
1. Schedule A - Payment Details: Detailed breakdown of payment amounts, installments, and payment instructions
2. Schedule B - Released Claims: Specific list of claims being released through the settlement
3. Schedule C - Tax Forms: Copies of required tax forms or instructions for tax reporting
4. Schedule D - Prior Agreements: List of any prior agreements affected by or incorporated into the settlement
5. Appendix 1 - Form of Release: Standard form of release to be signed by parties
6. Appendix 2 - Confidentiality Undertaking: Detailed confidentiality terms and requirements
Definitions
Payment Terms
Tax Treatment
Release
Confidentiality
Non-Disparagement
Indemnification
Representations and Warranties
Non-Admission of Liability
Return of Property
Survival
Amendment
Severability
Entire Agreement
Further Assurances
Notices
Assignment
Governing Law
Independent Legal Advice
Execution
Counterparts
Force Majeure
Waiver
Time of Essence
Legal Costs
Dispute Resolution
Authority to Execute
Binding Effect
Acknowledgment
Financial Services
Manufacturing
Technology
Healthcare
Retail
Professional Services
Construction
Education
Mining
Energy
Transportation
Real Estate
Telecommunications
Insurance
Non-Profit Organizations
Legal
Human Resources
Finance
Risk Management
Compliance
Tax
Payroll
Employee Relations
Corporate Governance
Benefits Administration
Legal Counsel
Human Resources Director
Chief Financial Officer
Risk Manager
Compliance Officer
HR Business Partner
Employment Relations Manager
Corporate Secretary
Chief Legal Officer
Finance Manager
Payroll Manager
Tax Director
Claims Manager
Settlement Administrator
Benefits Manager
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