Employee Termination Agreement Template

You can open the Employee Termination Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Employee Termination Agreement Template

Printable | Editable Form




Employee Termination Agreement Template (1)
Between:
[Name of the Employee]
[Employee ID]
[Employee’s Address]
[Employee’s Phone]
[Employee’s Email]
And:
[Company Name]
[Company ID]
[Company Address]
Introduction:
This document outlines the terms and conditions for the termination of employment agreement between the Employee and the Company, effective as of [Termination Date].
Clause 1: Reason for Termination
The termination of employment is due to [Specify reason for termination, e.g., mutual agreement, redundancy, poor performance].
Clause 2: Final Compensation
The Company agrees to provide the Employee with final compensation amounting to [Amount], which includes [Specify any severance pay, unpaid wages, unused vacation days, etc.].
Clause 3: Return of Company Property
The Employee agrees to return all Company property, including but not limited to [Specify items, such as ID badge, company laptop, keys, etc.], by [Return Date].
Clause 4: Non-Disclosure Agreement
The Employee agrees to uphold the confidentiality of Company information and trade secrets as stipulated in the prior employment agreement.
Clause 5: Release of Claims
The Employee agrees to release the Company from any claims or liabilities arising out of their employment or the termination thereof.
Signed in [City], [Date].
Sincerely,
[Signature of the Employee]
[Name of the Employee]
[Signature of the Employer]
[Name of the Employer]
Employee Termination Agreement Template (2)
Between:
[Name of the Employee]
[Employee ID]
[Employee’s Address]
[Employee’s Phone]
[Employee’s Email]
And:
[Company Name]
[Company ID]
[Company Address]
Introduction:
This agreement is intended to document the mutual decision for the termination of employment between the Employee and the Company, effective as of [Termination Date].
Clause 1: Termination Conditions
The employment is terminated due to [Specify conditions leading to termination, such as restructuring, disciplinary actions, or voluntary resignation].
Clause 2: Severance Package
The Company agrees to provide a severance package of [Amount] which covers [Mention any additional benefits, such as health insurance, outplacement services, etc.].
Clause 3: Obligations Post-Termination
The Employee agrees to fulfill the following obligations following their termination: [Specify obligations, such as non-compete clauses or continued confidentiality].
Clause 4: Documentation and References
The Company agrees to provide a letter of reference upon request, and the Employee must sign any necessary documentation regarding the termination.
Clause 5: Legal Rights
Both parties acknowledge their legal rights to seek advice and ensure compliance with employment law provisions regarding this termination.
Signed in [City], [Date].
Sincerely,
[Signature of the Employee]
[Name of the Employee]
[Signature of the Employer]
[Name of the Employer]

Form

Please complete the form below to create the Employee Termination Agreement Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step.

Employee Termination Agreement Template

1. Employee Information


2. Employer Information


3. Termination Details

4. Final Compensation

5. Severance Package

6. Return of Company Property

7. Non-Disclosure Agreement

8. Non-Compete Agreement

9. Acknowledgment and Acceptance

10. Signatures




PDF


WORD

Printable

Employee Termination Agreement Template

Printable | Editable Form




Employee Termination Agreement Template