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The content of a deed between an employer (company) and (former) employee (or injured worker) need not only be restricted to a release from actual or potential claims. There is a wide range of matters that can potentially form the content of a deed.eeds of release, within the context of normal employment, are commonly used to finalise contentious (read: quarrelsome, disputed, highly controversial, most often litigious !) matters between employers and (former) employees.
Federal Guidelines for Retention of Employee W-4s. An employer must follow federal retention requirements for tax documents. Photodisc/Photodisc/Getty Images. An employee submits a W-4 to an employer to set income tax withholding from earnings. The employer then keeps this form in the employeeâs personnel file.