There are a lot of issues here...how long have you worked for the company...does it have a retirement plan and how will that be affected by your signing the agreement...what about health insurance....COBRA can be very expensive...find out ahead what that will be...

My husband had to collect unemployment twice in his life, during his over 50 years. He eventually found good jobs. Keep the faith. It may be an opportunity for a better job and a happier life.