Identification
Employee name, ID, job title, department, manager and contact details to tie the record to personnel files.
A consistent HR Close Out Document reduces legal risk, speeds final payroll and benefits processing, and documents actions for audits or disputes.
Completing the document centrally improves handoffs between HR, payroll, IT, and legal while providing a single signed record of the separation.
Employee name, ID, job title, department, manager and contact details to tie the record to personnel files.
Reason for separation, effective date, last physical workday, and any notice period or severance summary.
Final wages, PTO payout, reimbursement, deductions and date funds will be issued for clear payroll action.
Status of health coverage, COBRA/COBRA-like rights, retirement distribution options, and benefit contact info.
Checklist for devices, badges, keys, proprietary materials, and network access revocation steps.
Employee signature, HR sign-off, and legal or witness signatures where the release requires them.
| Field | Configuration |
|---|---|
| Template name | Standardized file name for version control |
| Signer order | Employee → HR → Payroll → Legal |
| Authentication | Email or SMS code per signer |
| Retention flag | Auto-archive with retention metadata |
Verify compliance capabilities (audit trail, encryption, BAA if needed) and confirm APIs or native connectors for your HR stack.
Varies by state; often by next payday or within 30 days
Retain 3 years after hire or 1 year after termination (8 CFR §274a.2)
Provide W-2 to employee by Jan 31 (IRS deadline)
File 1099-NEC to contractors by Jan 31 when applicable
Election windows and notice timing vary; follow plan administrator rules
Confirm effective date and last physical workday for scheduling tasks.
Calculate and approve final wages and benefits payouts.
Collect devices, badges, and revoke access.
Store signed document and trigger retention controls.
Optica simplified signature collection across teams
Tech Data standardized internal approvals to shorten processing time
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |