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The Severance & Termination Agreements Business/Services Section
Employment Severance Agreement
 This kit provides tools and guidelines for drafting an employee’s severance agreement. A severance agreement is an agreement between an employer and an employee, detailing the terms under which the employee’s relationship with the employer will be terminated. The employer usually pays the employee a certain amount of money in the form of a severance bonus, in exchange for which the employee makes certain promises to the employer. The most important of these promises is generally a release of claims, preventing the employee from bringing a lawsuit against the employer after termination. Other promises include non-solicitation and non-disparagement provisions. This packet contains: (1) Severance Agreement Information (2) Severance Agreement Instructions (3) Severance Agreement (4) Schedule A: Unreimbursed Business Expenses (5) Schedule B: Company property not returned to the company State Law Compliance: Designed for use in all states. Among others, this form includes the following provisions: • Existing Company Obligations • Existing Employee Obligations • Severance Bonuses • Health Insurance • Release • Mutual Non-Disparagement |
Employee Final Release
| Final Release whereby an employee (the Releasor) releases the employer (the Releasee) from all claims, past or present arising out the employment relationship. This form includes special formatting features to assist you in completing the agreement. |
Employee Termination Kit
This packet will provide an employer clear guidelines regarding terminating an employee. Litigation arising out of termination of employment is pervasive. The more thoughtful, lawful, and deliberate your termination process, the better you protect yourself in case a dispute arises and the better your chances for avoiding disputes altogether. While the information enclosed herein focuses on the steps and documents helpful in terminating an employee, it is important to remember that a company and all of its managers must adhere to lawful and professional conduct at all times. To that end, also included here are general guidelines for employers. Combined, this packet can provide a useful starting point for the complicated issues involving termination of employment. This packet includes the following:
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