Executive severance agreement form
What we’ll cover
- FAQs About Severance Agreements
- Severance Agreement checklist
What is a Severance Agreement?
A Severance Agreement is a contract between an employer and employee that documents the terms of the employee's departure. It covers details such as severance pay, confidentiality, and release of liability. This Severance Agreement allows the employer to choose from several different severance pay options, from no severance to a custom severance package. It also offers terms that require the employee to keep key company information in confidence and return company property.
When can you use a Severance Agreement?
- As an employer, you wish to provide clarity and protection to both your business and a departing employee when the employment relationship is ending.
Sample Severance Agreement
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