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Questions & Answers

The Separation Agreement

1.  What is the Separation Agreement and why do I have to sign it?

It is a legal document whereby the employee voluntarily separates from the University; unconditionally releases the University from claims; and receives the benefits provided by the ERIP. It is necessary that both the employee and the University fully understand the terms of the agreement and the signatures are necessary to confirm the understanding.

2. What happens if I do not sign the Separation Agreement?  Do I still get the ERIP benefits?

      If the Separation Agreement is not signed, then the ERIP benefits will not be received.

3. How do I get a copy of the Separation Agreement and when do I sign it?

A copy of the Separation Agreement is included in the ERIP Plan Document (PDF) which was sent to all eligible employees.  After the application approval process has been completed, UHRS will send the employee another copy of the Separation Agreement with instructions on signing and returning it.  UHRS will send it based on the employee’s separation date.

4.  Should I seek legal advice before I sign the Separation Agreement?

The Separation Agreement requires the employee to acknowledge that he or she has had the opportunity to review the Agreement with an attorney before signing it.

5. I have changed my mind.  How do withdraw the signed Separation Agreement?

An employee has seven calendar days after signing the Separation Agreement to withdraw from the agreement by completing the online withdrawal or sending a notice of revocation VIA CERTIFIED U.S. MAIL, ADDRESSED TO:

    MaryFrances McCourt, Treasurer
    Indiana University
    Bryan Hall 114
    Bloomington, Indiana  47405

    WITH COPY TO:
    Daniel Rives
    Associate Vice President, University Human Resource Services
    Indiana University
    Poplars 165
    Bloomington, Indiana 47405
    AND POST-MARKED NO LATER THAN ON THE 8TH DAY FOLLOWING THE DATE OF EMPLOYEE'S EXECUTION OF THE AGREEMENT.

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