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Separation agreement template

A legally binding contract between employers and departing employees defining severance compensation, benefits continuation, final paycheck, accrued vacation payout, non-disparagement clauses, release of claims, confidentiality obligations, return of company property, and post-employment restrictions.

Separation Agreement

This Separation Agreement (the "Agreement") is made between Employer Name ("Employer") and Employee Name ("Employee").

1. Separation Date

Employee's last day of employment will be 2024-01-01.

2. Severance Payment

Employer agrees to pay Employee a severance amount of $5000, subject to standard withholdings.

3. Release of Claims

In exchange for the severance payment, Employee agrees to release Employer from any and all claims arising out of their employment or separation.

4. Governing Law

This Agreement shall be governed by the laws of State of California.

5. Signatures

Employer

Date: default

Name: Employer Name

Signature: _____________________________

Employee

Date: default

Name: Employee Name

Signature: _____________________________

Vorlage anpassen

Employer Name
Employee Name
Separation Date
Severance Amount
Governing Jurisdiction
Employer Signature Date
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