Comment by ig1
16 years ago
It's pretty standard at both banks and large tech companies that when they make you redundant or fire you that they ask you to sign something similar. I'd be surprised if say Google or Microsoft didn't have something similar in their standard redundancy pay-out contracts.
I worked at a fairly large UK-based bank, and whatever I signed when I left the place had nothing of the sort.
But then again I left of my own accord, and wasn't laid off or 'made redundant', so the situation might be different then.
Yes. It's normally only the case when the company asks you to leave. If you google for "non-derogatory statements" you can find plenty of discussion about such clauses.