SETTLEMENT AGREEMENT
This agreement is non-precedent setting and is made voluntarily, without any
duress or coercion, and constitutes a final and binding agreement resolving all
issues pertaining to the
employment of Steve Gray with the Michigan Department
of Labor and Economic
Opportunity. Further, the parties agree that the
employment matters to which this Agreement relates and resolves, shall be non-
actionable in any forum. Nothing in this Agreement bars an action to enforce its
terms.
4. In exchange for this agreement Mr. Gray agrecs to fully and finally release
all claims against LEO and the State of Michigan as described below.
It is expressly understood and agreed that the sole consideration for this Release is
the consideration set forth in the Settlement
Agreement and incorporated herein;
that the consideration herein is contractual and not a mere recital; that all
agreements between the parties released herein do not admit liability but expressly
deny the same and shall not be construed to be an admission of liability; and that
said consideration is paid in compromise and settlement of a disputed claim or
claims.
I represent and
acknowledge that before signing this Release, I read the same,
consisting of two (2) pages; that I fully understand its terms, content, and effect;
and that I have had the benefit of advice from
attorneys of my choosing and have
relied fully and completely on my judgment and on the advice of my attorneys in
executing this Full and Final Release of All Claims. I further acknowledge that
under the Older Workers' benefits Protection Act, I have the right to consult an
attorney prior to executing this agrement. I also specifically waive any right under
the Older Workers' Benefits Protection
Act, to consider the agreement for the full
twenty-one (21) day period. I further acknowledge that I have a right to revoke the
agreement within seven (7) calendar days of the date of my signature and further
agree that any revocation will be communicated in writing addressed to the Human
Resources Director, Office of Human Resources, Department of Labor and Economic
Opportunity, 105 West Allegan Street, Lansing, MI 48933, via hand deliver or
certified mail delivery. I represent and acknowledge that I execute this Release
voluntarily and willingly.
1/-5-03O
KeriM Lardie/ Date
Department of Labor and Economic Opportunity
Steve Gray
l 52ODD
Date