Printable Contracts

   Employment Severance Agreement

    


Create your own printable contract — FREE!

Formatted and ready to use with Microsoft Word, Google Docs, or any other word processor that can open the .DOC file format.

Employment Termination and Severance Agreement

{Company Name}                                   {Employee Name}
{Company Address}                               {Employee Address}
{Address Continued}                              {Address Continued}
{Contact Number}                                  {Contact Number}


This will stand as an Agreement between {Company} and {Employee}, setting forth the terms of {Employee's} severance from {Company}. Said severance is effective as of {Date}.

This Agreement is contingent upon the following terms and conditions:


1. Severance Pay

Upon termination of employment, no later than {length of time} after {Employee's} last day,{Company} will pay {Employee}, via check delivered to {Employee's address}, the amount of {amount in dollars}, less any applicable taxes.


2. Non-Disclosure

{Employee} agrees to return to {Company} all documents, property, or materials belonging to {Company}, or else risk forfeiture of severance pay outlined in Section 1 of this Agreement, and/or criminal prosecution. {Employee} also agrees to keep this Agreement confidential, and not share any details with any other current or former employees of {Company}. Further, {Employee} agrees to keep confidential any information and/or intellectual or physical property {he/she} gained while working at {Company}, under penalty of criminal prosecution and/or forfeiture of severance pay outlined in Section 1 of this Agreement.


3. Legal Action

By signing this Agreement, {Employee} agrees to release {Company} from any liability with regard to legal matters. This includes any lawsuits or actions arising from incidents that occurred while {Employee} was still employed at {Company}, through the date of the signing of this Agreement. {Employee} also agrees that this termination is lawful, that {he/she} is leaving on good terms, and without any workplace injuries, and therefore waives the right to any discrimination action(s) against {Company}, with regard to the term of employment. {Employee} also waives the right to any additional compensation from {Company}, other than the severance pay package outlined in Section 1 of this Agreement. Should either party be found in breach of this Agreement, the injured party has the right to pursue legal action.


This Agreement is signed and consented to this {date} day of {month}, {year}.


________________________                                 __________________________
Employee Printed Name                                          Company Representative Name


________________________                                 __________________________
Signature                                                                  Signature


Create your own printable contract — FREE!

Formatted and ready to use with Microsoft Word, Google Docs, or any other word processor that can open the .DOC file format.


Index of Printable Contract Examples

DISCLAIMER: The contracts contained on PrintableContracts.com are not to be considered as legal advice. All content is for informational purposes, and Savetz Publishing makes no claim as to accuracy, legality or suitability. The site owner shall not be held liable for any errors, omissions or for damages of any kind.