Severance Agreement

A severance agreement is a critical document that formalizes the terms under which an employee's employment ends. This template helps you craft clear, concise, and legally compliant agreements covering severance pay, release of claims, confidentiality, and post-employment obligations. It ensures both parties understand their rights and responsibilities, reducing potential disputes. Use this template to customize severance terms that reflect company policies and legal requirements, providing a fair and respectful transition for departing employees. Whether for voluntary or involuntary separations, this agreement supports smooth offboarding and protects your organization from future claims.