Employment Severance Agreement

for Your State
3 Reviews

This Severance Agreement details the mutual agreement between employer and employee when employee's relationship with employer is terminated. This agreement sets out the continuing obligations of employer including those involving health insurance coverage. This Severance Agreement is available for immediate download and is for use in all states.

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For Immediate Download

$19.95 Add to Cart
Free eSignature included
with every order
Please select a state

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A Severance Agreement details the mutual agreement between an employer and employee in which employee’s relationship with employer is severed. This agreement sets out the specific terms of the agreement including the date of termination, obligations the company agrees to fulfill and any severance bonus employee will receive. It also sets out the specifics regarding continuing insurance coverage and employee’s waiver of any claims against the company. It is imperative that a Severance Agreement is set out in writing rather than by oral representation. A well-written Severance Agreement will prove invaluable in the event there are misunderstandings between the parties regarding the termination of employment.

This Severance Agreement contains the following important provisions:
  • Parties: Sets out the names of the employer and employee, type of entity and date of agreement;
  • Termination Date: Specific date of termination of employment;
  • Existing Company Obligations: Detailed obligations of company including payment of salary, reimbursement of expenses and accrued vacation and sick time;
  • Employee Obligations: Existing obligations of employee including return of all company property (cell phone, computer, software, computer files and confidential information) which are set out in detail on a schedule to this agreement;
  • Severance Bonus/Health Insurance: Amount of any severance bonus due employee and eligibility of continuing health benefits;
  • Release/Waiver of Claims: Employee releases company from all claims and causes of action and waives any rights or claims under the Age Discrimination in Employment Act;
  • Non-Solicitation: Employee agrees not to solicit any company employee for at least one year from the date of this agreement;
  • Confidentiality: Neither employer nor employee will disclose any terms or conditions set out under this Severance Agreement except to those specifically listed, i.e., spouse or attorney;
  • Signatures: Both employer and employee must sign and date this Severance Agreement.

Protect Yourself, Your Rights and Your Business by using our attorney prepared up-to-date forms.

This attorney-prepared packet contains:
  1. General Information
  2. Step-by-Step Instructions
  3. Severance Agreement
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages10
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28145
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.

Customer Reviews

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Reviews: 3


Leander,

TX

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A good 'basic' form that can be expanded.


Kirkland,

WA

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Very Useful.


Carlstadt,

NJ

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This was the exact format I was looking for. I inserted some changes using Word Perfect and the final form came out perfect. It's easy once you get a good form to build from. Thanks


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