Separation Agreement (Sample and Template)



Separation Agreement (Sample and Template) PDF Word

Free Separation Agreement (Sample and Template) 



This Separation Agreement (the "Agreement") is made and entered into as of the [Date] (the "Effective Date"), by and between [Employee Name], an individual with a mailing address of [Address] (the "Employee"), and [Employer Name], a [State] corporation with its principal place of business at [Address] (the "Employer").

WHEREAS, the Employee has been employed by the Employer, and the Employer and Employee desire to terminate the Employee's employment with the Employer; and

WHEREAS, the Employer and Employee desire to set forth their respective rights, obligations, and responsibilities upon the termination of the Employee's employment.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

Separation from Employment. The Employee's employment with the Employer shall terminate on the [Date] (the "Separation Date"). The Employee acknowledges that the Separation Date is the result of a voluntary decision made by the Employee.

Severance Payment. The Employer shall pay the Employee severance pay in the amount of [Amount] dollars ($[Amount]), less any required withholdings and deductions, which shall be paid in accordance with the Employer's regular payroll schedule. The Employee acknowledges that this severance pay constitutes full satisfaction of all claims arising from the Employee's employment and/or the termination thereof.

Release and Waiver of Claims. In exchange for the severance pay and other consideration provided herein, the Employee hereby releases and forever discharges the Employer, its officers, directors, employees, agents, and affiliates from any and all claims, demands, and causes of action, whether known or unknown, arising out of or in any way related to the Employee's employment with the Employer or the termination thereof, including without limitation, claims under Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Age Discrimination in Employment Act, and any other federal, state, or local law prohibiting employment discrimination.

Confidentiality. The Employee acknowledges that during the course of the Employee's employment with the Employer, the Employee has had access to and acquired knowledge of confidential and proprietary information of the Employer. The Employee agrees to maintain the confidentiality of such information and to use it solely for the purposes of the Employee's employment with the Employer.

Non-Disparagement. The Employee agrees not to disparage the Employer, its officers, directors, employees, agents, or affiliates, whether orally or in writing, and to refrain from engaging in conduct that could reasonably be expected to harm the reputation or business interests of the Employer.

Cooperation. The Employee agrees to cooperate with the Employer in connection with any ongoing or future matters related to the Employee's employment, including without limitation, any litigation, arbitration, or administrative proceedings.

Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without giving effect to any choice or conflict of law provision or rule.

Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements or understandings, whether written or oral, between the parties.

Amendment and Waiver. This Agreement may be amended or modified only in writing executed by both parties. No waiver of any breach of this Agreement shall be deemed a waiver of any other breach, and the failure to assert any right or provision under this Agreement shall not constitute a waiver of such right or provision.

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