Final Compensation
Specify gross/net amounts, timing of final paycheck, accrued PTO payout policy, and any severance formula so payroll can process accurately.
A concise Offboarding Agreement reduces ambiguity about final compensation, access revocation, and ongoing restrictions, and provides evidence of agreed terms in case of dispute.
Employers, HR teams, general counsels, and departing employees or contractors commonly exchange Offboarding Agreements to finalize separation terms.
Agreements vary by role: senior executives often have negotiated packages; hourly staff receive standard separation language, so tailor accordingly.
Responsible for preparing the Offboarding Agreement, documenting final pay and benefits, coordinating IT and payroll actions, and retaining the executed agreement in personnel records for compliance and audit purposes.
Reviews the agreement, confirms return of company property and any post-employment obligations, provides signature (or declines), and keeps a copy for personal records; may seek counsel prior to signing.
Specify gross/net amounts, timing of final paycheck, accrued PTO payout policy, and any severance formula so payroll can process accurately.
State whether benefits continue, how COBRA election is handled, who pays premiums during any continuation, and deadlines for enrollment.
List company equipment and access to be returned, deadlines for return, and consequences for failure to return property.
Include ongoing confidentiality obligations, IP assignment language if applicable, and any carve-outs for preexisting personal projects.
If the employee is to release claims in exchange for consideration, clearly state the scope, effective date, and any period to revoke the release.
Identify governing state law, venue for disputes, and whether arbitration or court adjudication is required.
| Field | Configuration |
|---|---|
| Signature Field | Required for employee and HR |
| Date Field | Auto-fill on final signature |
| Access Revocation Task | Trigger IT workflow on execution |
| Document Retention | Set retention rule for personnel file |
Select an eSignature platform that supports audit trails, secure storage, and required authentication methods for your industry.
Ensure the chosen platform can export tamper-evident signed PDFs and meet any regulatory requirements such as HIPAA or 21 CFR Part 11 when applicable.
State law may require final wages by a specific payroll date; verify with state labor office.
Employer must provide COBRA election notice within required federal or state timelines.
Some releases include a statutory revocation period; allow time if contract requires.
Specify date by which equipment must be returned to avoid deductions or replacements.
Archive executed agreement per retention schedule immediately after signing.
Trigger HR and payroll notifications immediately.
Provide agreement and any counsel referrals to employee.
Obtain signatures and schedule final payments.
Store executed agreement and remove system access.
| 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 (no card) | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes (Business Premium) | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes (BAA) | Yes (BAA) | Yes (BAA) | No | No |
Local real estate firm standardized separation forms to speed closings and recover keys and devices.
A healthcare provider used a HIPAA-aware template with added confidentiality provisions.