You can open the Employee Severance Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Employee Severance Agreement Template Printable | Editable FormSample
[Name of the Employee]
[Employee ID]
[Employee’s Address]
[Employee’s Phone]
[Employee’s Email]
[Name of the Employer]
[Employer’s ID]
[Employer’s Address]
This Severance Agreement serves to outline the terms and conditions under which the Employee’s employment is terminated, effective as of [Termination Date].
The Employer agrees to provide the Employee with a severance payment in the amount of [Amount], to be paid in [Specify payment method or schedule].
The Employee will continue to receive [Specify benefits, e.g., health insurance, during the severance period or for a specific duration].
The Employee agrees to return all company property, including [List items], by [Return Date].
The Employee agrees to maintain confidentiality regarding the terms of this agreement and any proprietary information obtained during employment.
In consideration of the severance payment, the Employee agrees to release the Employer from any and all claims relating to their employment and its termination.
This agreement shall be governed by the laws of [Jurisdiction].
[Signature of the Employee]
[Name of the Employee]
[Signature of the Employer]
[Name of the Employer]
[Name of the Employee]
[Employee ID]
[Employee’s Address]
[Employee’s Phone]
[Employee’s Email]
[Name of the Employer]
[Employer’s ID]
[Employer’s Address]
This agreement is made to formally document the severance terms for the Employee due to [Reason for termination, e.g., downsizing, mutual agreement] effective on [Termination Date].
The Employer will provide the Employee with a severance payment of [Amount] to be paid on [Payment Schedule].
The Employee will also receive [Detail any additional benefits], which will be effective until [Specify Duration].
The Employee agrees not to disclose any confidential information or trade secrets obtained during their employment.
In acceptance of this severance agreement, the Employee discharges the Employer from any and all liabilities associated with their employment.
The Employer agrees to provide a reference for future job applications, subject to [Specify terms if applicable].
Both parties agree to comply with all applicable laws and regulations in completing this agreement.
[Signature of the Employee]
[Name of the Employee]
[Signature of the Employer]
[Name of the Employer]
Form
Please complete the form below to create the Employee Severance Agreement Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step. Employee Severance Agreement Template 1. Employee Information 2. Employer Information 3. Agreement Effective Date 4. Reason for Severance 5. Severance Payment 6. Benefits Continuation 7. Non-Disclosure Agreement 8. Release of Claims 9. Return of Company Property 10. Signature and Acceptance 11. Declaration of Understanding
PDF
WORD
Employee Severance Agreement Template Printable | Editable FormPrintable
