Severance Agreement Template

An Employment Separation Agreement Is A Contract By Which An Employee And Employer Agree To End Their Working Relationship (It Can Be Initiated By Either Party).

Employees are entitled to job termination benefits. Download a severance agreement template, and customize it to meet your requirements. Its purpose is to establish that no party has any claims or liability to the other. A severance agreement can help address each party’s concerns.

Whereas, The Employer And The Employee Wish To Enter Into A Severance Agreement To Provide For Certain Payments And Benefits To Be Made To The Employee In Exchange For The Employee's Agreement To Certain Terms And Conditions Set Forth In This Agreement.

Customize this free severance agreement template to reflect the original employee contract and the terms of severing the professional relationship. An employment separation or severance agreement is a legal document outlining the termination between employer and employee. You must carefully craft the document, leaving nothing out and sticking to the rule of law. Here are the severance agreement templates that every employer can print and use for free.

For Instance, This Type Of Agreement Is More Common When An Employee Is Laid Off (Rather Than Fired) Or Chooses To Resign.

A severance agreement usually includes information on severance pay, the continuation of benefits and details on the legal responsibilities of both parties. A severance agreement allows an employer to fire an employee and release its liabilities toward the employee. Severance agreements can help prevent lawsuits and end employment amicably. Get a free printable severance agreement template today and protect your rights during termination.

It Shields Both The Employer And The Employee From Potential Claims Of Misconduct, As It Acknowledges That Either Party Could Be Accused Of Wrongdoing (Whether Warranted Or Not).

Cut down the time you need by using the provided template, ensuring you customize it.