There is a longer wait period, but you can still collect UI if you resign. Settlement and resignation are connected. You should discuss the matter with YOUR Attorney if you have questions or concerns.
We give free general concepts to be helpful, but you should give ALL your facts to a licensed Attorney in your state before you RELY upon any legal advice.
YOU CAN GO TO TRIAL.
It sounds like the offer was for a Compromise & RElease agreement INCLUDING a Voluntary Resignation...
If you refuse the Voluntary Resignation portion, there is NO SETTLEMENT (there's just a few signed papers).
There is no 'settlement' until the INsurer agrees to all the terms.
IDEA!!! SAY YOU'LL SIGN THE RESIGNATION FOR an extra $21,000 (about what you'd lose in your Unemployment Insurance Payments).
otherwise, prepare for Trial...you don't have any agreement... AND APPLY FOR UNEMPLOYMENT INSURANCE RIGHT NOW if you haven't already.