Severance Agreement

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Agreement

This Agreement is entered into on {{date}} between {{company_name}} ("Company") and {{employee_name}} ("Employee").

This Severance Agreement governs the terms of separation between the Employee and the Company.

1. Separation Date

Employment terminates on {{date}}.

2. Severance Payment

The Company will pay a severance amount equal to ______ months of base salary, less applicable deductions.

3. Continuation of Benefits

Health benefits will continue through ______, after which the Employee may elect continuation coverage.

4. Release of Claims

The Employee releases the Company from any and all claims arising out of the employment relationship, to the extent permitted by law.

5. Confidentiality

The Employee agrees to maintain confidentiality of company information indefinitely.

6. Return of Property

All Company property must be returned by the Separation Date.

7. Non-Disparagement

Both parties agree not to disparage the other.

8. Governing Law

This Agreement is governed by the laws of ______.

Signatures

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.