Severance Package

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Employee Information

{{date}}

{{employee_name}}

{{employee_address}}

Employee ID: {{employee_id}}

Subject: Severance Package Offer

Dear {{employee_name}},

This letter is to formally confirm the termination of your employment with {{company_name}}, effective {{termination_date}}. While this decision was difficult, we wish to express our appreciation for your contributions during your tenure with the company.

In recognition of your service, we are pleased to offer you the following severance package, subject to the terms and conditions outlined in this letter.

Severance Pay

You will receive a severance payment totaling {{severance_amount}}, equivalent to {{number_of_weeks_or_months}} weeks/months of your current base salary. This amount will be paid as a lump sum/in installments on {{payment_date(s)}}.

Benefits Continuation

Your health insurance benefits will continue for a period of {{benefits_continuation_period}} months following your termination date, in accordance with the terms of the company’s group health plan. Details regarding COBRA/continuation options will be provided separately by {{HR_contact_person}}.

Any accrued but unused leave (vacation/sick leave) will be paid out as per company policy and applicable labor laws, totaling {{accrued_leave_payout_amount}}.

Outplacement Services

To assist you in your career transition, {{company_name}} will provide outplacement services through {{outplacement_service_provider}} for a period of {{outplacement_service_period}} months. Further details regarding these services will be provided by {{HR_contact_person}}.

Company Property and Confidentiality

You are required to return all company property, including but not limited to, laptops, mobile phones, keys, and access cards, by {{return_property_date}}. Failure to return company property may result in deductions from any outstanding payments.

You are reminded of your continuing obligations regarding confidentiality and non-disclosure of company sensitive information, customer data, and trade secrets, as outlined in your original employment agreement and any non-disclosure agreements signed during your employment.

Release of Claims and Acceptance

This severance offer is conditional upon your signing and not revoking a comprehensive Release of Claims Agreement, which will be provided to you separately. By signing this Release, you will waive any and all claims you may have against {{company_name}}.

You have {{days_to_consider_offer}} calendar days from the date of this letter to consider and accept this offer. To accept, please sign and return a copy of this letter and the Release of Claims Agreement to {{HR_contact_person}} by {{acceptance_deadline_date}}. You are advised to consult with an attorney of your choice regarding this offer.

Acknowledgement of Receipt

Please indicate your understanding and acceptance of the terms outlined in this severance package by signing below.

Signature Block

Sincerely,

{{HR_representative_name}}

{{HR_representative_title}}

-----------------------------------------

Employee Signature

{{employee_name}}

Date: {{employee_signature_date}}