How do I write a severance agreement?

What should be included in a severance agreement? Compensation details. Confidentiality rules following termination. Date of employee's termination. Agreement from both parties in the form of a signature. Details about how long the employee will continue to have access to benefits.

What is a typical severance agreement?

How To Write a Separation Agreement Name and address of both spouses. Details of the marriage. Beginning date of the separation. Statement of the intention to separate. Terms of use of the agreement. Specifications regarding the division of assets and the shared financial or child responsibilities of both parties.

How to write a severance agreement?

You and your employer must follow certain legal formalities for a severance agreement to be enforceable. You must ensure that the agreement is in writing and that your employer has signed it. Sometimes, you might also need a witness or have it signNowd. Failing to adhere to these formalities can void the agreement.

Electronic Signature
Features
Employment Contract Templates
Create Your Employee Severance Agreement Template

Create Your Employee Severance Agreement Template Effortlessly

Streamline your document process with airSlate SignNow's user-friendly eSigning solution. Save time and reduce costs while ensuring compliance and security.

Sign documents online

Learn more

Collect payments & signatures

Learn more

Add wet ink signature online

Learn more

Sign documents on iPhone or iPad

Learn more

Award-winning eSignature solution

Move your business forward with the airSlate SignNow eSignature solution

Create your signature in seconds on any desktop computer or mobile device, even while offline. Type, draw, or upload an image of your signature.

Deliver a seamless eSignature experience from any website, CRM, or custom app — anywhere and anytime.

Organize multiple documents in groups and automatically route them for recipients in a role-based order.

Collect signatures faster by sharing your documents with multiple recipients via a link — no need to add recipient email addresses.

Create unlimited templates of your most-used documents. Make your templates easy to complete by adding customizable fillable fields.

Create teams within airSlate SignNow to securely collaborate on documents and templates. Send the approved version to every signer.

See airSlate SignNow eSignatures in action

Create secure and intuitive eSignature workflows on any device, track the status of documents right in your account, build online fillable forms – all within a single solution.

Try airSlate SignNow with a sample document

Complete a sample document online. Experience airSlate SignNow's intuitive interface and easy-to-use tools
in action. Open a sample document to add a signature, date, text, upload attachments, and test other useful functionality.

sample

Checkboxes and radio buttons

Try a sample document

sample

Request an attachment

Try a sample document

sample

Set up data validation

Try a sample document

Understanding the Employee Severance Agreement Template

An employee severance agreement template serves as a crucial document in the employment lifecycle, outlining the terms under which an employee will leave a company. This template typically includes details such as severance pay, benefits continuation, and confidentiality agreements. By using a standardized template, businesses can ensure that all necessary legal protections are in place while providing clarity to the departing employee.

Key Components of the Template

When creating an employee severance agreement template, it is essential to include several key components to protect both the employer and the employee. These components often include:

Severance Pay: Clearly outline the amount and duration of severance pay.
Benefits: Specify the continuation of health benefits and other perks.
Release of Claims: Include a clause where the employee waives the right to sue the employer.
Confidentiality: Detail any confidentiality obligations regarding company information.
Return of Company Property: State the requirement for the employee to return any company-owned items.

How to Customize the Template for Your Needs

Customizing an employee severance agreement template is straightforward with airSlate SignNow. Users can easily edit the template to reflect specific terms relevant to their organization. This customization process may involve:

Modifying payment terms based on company policy.
Adjusting language to align with company culture.
Incorporating any additional clauses that may be necessary for compliance with local laws.

By tailoring the template, businesses can ensure that it meets their unique requirements while remaining compliant with applicable regulations.

Steps to Prepare and Send the Agreement for eSigning

Once the employee severance agreement template is customized, preparing it for eSigning is a seamless process. Follow these steps:

Upload the completed template to airSlate SignNow.
Specify the signers involved, including the departing employee and any required company representatives.
Add signature fields where necessary to indicate where the parties need to sign.
Review the document for accuracy and completeness.
Send the document for signature.

This streamlined process not only saves time but also enhances the security and efficiency of document management.

Ensuring Legal Compliance

It is vital to ensure that the employee severance agreement complies with federal and state laws. Employers should consider consulting with legal professionals to review the template before use. This review process can help identify any potential legal issues and ensure that the agreement adheres to regulations such as the Worker Adjustment and Retraining Notification (WARN) Act and other relevant employment laws.

Benefits of Using a Digital Template

Utilizing a digital employee severance agreement template offers numerous advantages for businesses. These benefits include:

Efficiency: Quickly prepare and send documents without the need for physical paperwork.
Security: Protect sensitive information with secure electronic signatures and document storage.
Accessibility: Access the template from anywhere, facilitating remote work and collaboration.
Tracking: Monitor the signing process in real-time, ensuring timely completion.

These features contribute to a more organized and efficient workflow, ultimately benefiting both the employer and the departing employee.

airSlate SignNow solutions for better efficiency

Keep contracts protected

Enhance your document security and keep contracts safe from unauthorized access with dual-factor authentication options. Ask your recipients to prove their identity before opening a contract to employee severance agreement template.

Stay mobile while eSigning

Install the airSlate SignNow app on your iOS or Android device and close deals from anywhere, 24/7. Work with forms and contracts even offline and employee severance agreement template later when your internet connection is restored.

Integrate eSignatures into your business apps

Incorporate airSlate SignNow into your business applications to quickly employee severance agreement template without switching between windows and tabs. Benefit from airSlate SignNow integrations to save time and effort while eSigning forms in just a few clicks.

Generate fillable forms with smart fields

Update any document with fillable fields, make them required or optional, or add conditions for them to appear. Make sure signers complete your form correctly by assigning roles to fields.

Close deals and get paid promptly

Collect documents from clients and partners in minutes instead of weeks. Ask your signers to employee severance agreement template and include a charge request field to your sample to automatically collect payments during the contract signing.

Collect signatures

24x

faster

Reduce costs by

$30

per document

Save up to

40h

per employee / month

Our user reviews speak for themselves

Kodi-Marie Evans

Director of NetSuite Operations at Xerox

airSlate SignNow provides us with the flexibility needed to get the right signatures on the right documents, in the right formats, based on our integration with NetSuite.

Check 5000+ reviews

Samantha Jo

Enterprise Client Partner at Yelp

airSlate SignNow has made life easier for me. It has been huge to have the ability to sign contracts on-the-go! It is now less stressful to get things done efficiently and promptly.

Check 5000+ reviews

Megan Bond

Digital marketing management at Electrolux

This software has added to our business value. I have got rid of the repetitive tasks. I am capable of creating the mobile native web forms. Now I can easily make payment contracts through a fair channel and their management is very easy.

Check 5000+ reviews

be ready to get more

Why choose airSlate SignNow

Free 7-day trial. Choose the plan you need and try it risk-free.
Honest pricing for full-featured plans. airSlate SignNow offers subscription plans with no overages or hidden fees at renewal.
Enterprise-grade security. airSlate SignNow helps you comply with global security standards.

Start free trial

How to develop an employee termination agreement template

Developing an employee termination agreement template is crucial for organizations aiming to optimize their HR procedures. With airSlate SignNow, you can effortlessly handle and sign documents, guaranteeing a seamless transition for leaving employees. This guide will navigate you through the process of efficiently creating your own template.

Steps to develop an employee termination agreement template

Launch your web browser and go to the airSlate SignNow site.
Sign up for a free trial or log into your current account.
Choose the document you want to sign or send for signatures.
If you intend to reuse this document, transform it into a reusable template.
Access your document and make necessary adjustments: add fillable fields or input specific information.
Sign the document and incorporate signature fields for the recipients.
Click 'Continue' to set up and send an eSignature request.

By using airSlate SignNow, organizations can take advantage of a comprehensive feature set that provides excellent return on investment. The platform is built for user-friendliness and scalability, making it perfect for small to medium-sized enterprises. With clear pricing and no hidden charges, you can benefit from outstanding support available 24/7 for all paid plans.

Begin developing your employee termination agreement template today with airSlate SignNow and enjoy the advantages of effective document management!

How it works

Open & edit your documents online

Create legally-binding eSignatures

Store and share documents securely

airSlate SignNow features that users love

Speed up your paper-based processes with an easy-to-use eSignature solution.

Edit PDFs
online

Generate templates of your most used documents for signing and completion.

Learn more

Create a signing link

Share a document via a link without the need to add recipient emails.

Learn more

Assign roles to signers

Organize complex signing workflows by adding multiple signers and assigning roles.

Learn more

Create a document template

Create teams to collaborate on documents and templates in real time.

Learn more

Add Signature fields

Get accurate signatures exactly where you need them using signature fields.

Learn more

Archive documents in bulk

Save time by archiving multiple documents at once.

Learn more

Connect airSlate SignNow to your apps

Check out airSlate SignNow integrations

Data accuracy, security, and compliance

airSlate SignNow is committed to protecting your sensitive information by complying with global industry-specific

Learn more about security

be ready to get more

Get legally-binding signatures now!

Start your free trial

FAQs

Here is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.

Need help? Contact support

How do I write a severance agreement?

What should be included in a severance agreement? Compensation details. Confidentiality rules following termination. Date of employee's termination. Agreement from both parties in the form of a signature. Details about how long the employee will continue to have access to benefits.
What is a typical severance agreement?

How To Write a Separation Agreement Name and address of both spouses. Details of the marriage. Beginning date of the separation. Statement of the intention to separate. Terms of use of the agreement. Specifications regarding the division of assets and the shared financial or child responsibilities of both parties.
How to write a severance agreement?

You and your employer must follow certain legal formalities for a severance agreement to be enforceable. You must ensure that the agreement is in writing and that your employer has signed it. Sometimes, you might also need a witness or have it signNowd. Failing to adhere to these formalities can void the agreement.

What active users are saying — employee severance agreement template

Get access to airSlate SignNow’s reviews, our customers’ advice, and their stories. Hear from real users and what they say about features for generating and signing docs.

The BEST Decision We Made

5

Laura Hardin

What do you like best?

We were previously using an all-paper hiring and on-boarding method. We switched all those documents over to Sign Now, and our whole process is so much easier and smoother. We have 7 terminals in 3 states so being all-paper was cumbersome and, frankly, silly. We've removed so much of the burden from our terminal managers so they can do what they do: manage the business.

Read full review

Excellent platform, is useful and intuitive.

5

Renato Cirelli

What do you like best?

It is innovative to send documents to customers and obtain your signatures and to notify customers when documents are signed and the process is simple for them to do so. airSlate SignNow is a configurable digital signature tool.

Read full review

Easy to use, increases productivity

5

Erin Jones

What do you like best?

I love that I can complete signatures and documents from the phone app in addition to using my desktop. As a busy administrator, this speeds up productivity . I find the interface very easy and clear, a big win for our office. We have improved engagement with our families , and increased dramatically the amount of crucial signatures needed for our program. I have not heard any complaints that the interface is difficult or confusing, instead have heard feedback that it is easy to use. Most importantly is the ability to sign on mobile phone, this has been a game changer for us.

Read full review