You can open the Severance Pay Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Severance Pay Agreement Template Printable | Editable FormSample
[Name of the Employer]
[Employer’s ID]
[Employer’s Address]
[Employer’s Phone]
[Employer’s Email]
[Name of the Employee]
[Employee’s ID]
[Employee’s Address]
This agreement serves to outline the severance pay arrangements for the Employee as a result of the termination of employment effective as of [Termination Date].
The Employer agrees to pay the Employee a severance amount of [Severance Amount], which will be distributed in accordance with the following schedule: [Specify payment schedule].
The Employee will continue to receive health benefits for a period of [Duration] months after the termination date under the same terms as during employment.
In exchange for the severance payment, the Employee agrees to release the Employer from any claims arising from employment or its termination.
Both parties agree to maintain confidentiality regarding the terms of this agreement and any proprietary information learned during employment.
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
[Signature of the Employer]
[Name of the Employer]
[Signature of the Employee]
[Name of the Employee]
[Name of the Employer]
[Employer’s ID]
[Employer’s Address]
[Employer’s Phone]
[Employer’s Email]
[Name of the Employee]
[Employee’s ID]
[Employee’s Address]
This agreement is designed to clarify the terms of severance pay and related benefits provided to the Employee upon termination of employment commencing on [Termination Date].
The total severance pay granted will amount to [Severance Amount], calculated based on [Specify calculation method, e.g., weeks of employment, salary].
The severance will be paid in [number] installments, with the first payment occurring on [Date] and subsequent payments every [Specify frequency, e.g., month, week].
This severance payment is contingent upon the Employee fulfilling the following conditions: [List any conditions, such as signing the release of claims].
The Employee agrees to uphold the non-disclosure of any sensitive corporate information acquired during employment.
Any disputes arising from this agreement shall be resolved through [Specify method, e.g., mediation, arbitration], under the jurisdiction of [Jurisdiction].
[Signature of the Employer]
[Name of the Employer]
[Signature of the Employee]
[Name of the Employee]
Form
Please complete the form below to create the Severance Pay Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Severance Pay Agreement Template 1. Employee Information 2. Employer Information 3. Agreement Details 4. Reasons for Termination 5. Benefits Continuation 6. Non-Disclosure Agreement 7. Release of Claims 8. Governing Law 9. Signatures and Acceptance 10. Declaration and Signatures
PDF
WORD
Severance Pay Agreement Template Printable | Editable FormPrintable
