# Separation agreement template

Source: https://contracko.com/de/vertragsvorlagen/separation-agreement

# 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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## Häufig gestellte Fragen

- **Q:** Is severance pay required by law?
  **A:** In most jurisdictions, severance pay is not required by law unless it was previously agreed upon in an employment contract or company policy.

- **Q:** What is a release of claims in a separation agreement?
  **A:** A release of claims is a provision where the employee agrees not to sue the employer for employment-related issues in exchange for severance. It typically covers discrimination, wrongful termination, and wage claims.

- **Q:** Can I negotiate the terms of a separation agreement?
  **A:** Yes, separation agreements are negotiable. Employees can negotiate severance amount, benefits continuation, reference letters, and other terms. It's advisable to have an attorney review before signing.

- **Q:** How long do I have to consider a separation agreement?
  **A:** Federal law requires employers to give employees at least 21 days to review separation agreements (40 days for group terminations) and 7 days to revoke after signing if the employee is over 40 years old.

- **Q:** What is a non-disparagement clause and is it mutual?
  **A:** A non-disparagement clause prohibits one or both parties from making negative public statements about each other after the employment ends. In many separation agreements the clause runs only one way — protecting the employer — but employees can and should negotiate for mutual protection, so the employer and its executives are equally barred from making disparaging statements about the departing employee. A one-sided clause can significantly affect the employee's reputation and future job prospects.

## Verwandte Vorlagen

### [Employment contract template](https://contracko.com/de/vertragsvorlagen/employment-contract)

### [Employee non-disclosure agreement template](https://contracko.com/de/vertragsvorlagen/employee-nda)

### [Termination of contract letter template](https://contracko.com/de/vertragsvorlagen/termination-letter)

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