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Legal
Severance Agreement Template

Severance Agreement Template

Our Severance Agreement is a template designed to outline the terms of severance between employers and employees. It covers key provisions such as severance benefits, release of claims, confidentiality, non-disparagement and return of company property. This template ensures clarity, legal compliance and mutual understanding during employment termination.

Originally published by luminpdf.com

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Severance Agreement for finalizing employment separation terms

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Severance Agreement for finalizing employment separation terms page 0

Severance Agreement for finalizing employment separation terms page 1

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Used 156 times

Frequently asked questions

A Severance Agreement Template formalizes the terms of employment termination. It details severance pay, benefits, confidentiality obligations and the release of claims to protect both parties.
A Severance Agreement should be filled by employees and employers to establish a clear and legally compliant framework for terminating employment relationships while providing employee severance benefits.
The completed Severance Agreement should be signed by both the employer and employee. Copies should be retained for records and shared with relevant departments or legal counsel.

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