The Severance Pay Agreement serves as a critical document in U.S. employment law, used when an employer wishes to provide financial compensation to a departing employee in exchange for certain commitments and releases. This agreement typically arises during workforce reductions, executive departures, or amicable separations. It outlines severance payments, benefits continuation, release of claims, and ongoing obligations such as confidentiality and non-competition. The agreement must comply with federal regulations including ADEA and OWBA, particularly regarding consideration periods and rights of revocation.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Context of the employment termination and purpose of the agreement, including employment history and termination date
3. Definitions: Key terms used throughout the agreement including 'Effective Date', 'Severance Payment', 'Released Claims', etc.
4. Severance Payment Terms: Detailed terms of severance payment including amount, payment schedule, tax treatment, and conditions for payment
5. Release of Claims: Comprehensive release of legal claims against the employer, including specific statutes and types of claims being waived
6. Confidentiality Obligations: Terms regarding non-disclosure of agreement terms and continued protection of company confidential information
7. Return of Company Property: Requirements and timeline for returning all company property, documents, and information
8. Governing Law: Specification of jurisdiction and applicable law governing the agreement
9. Acknowledgments: Employee acknowledgments regarding voluntary acceptance, time for review, and right to counsel
1. Non-Compete Provisions: Restrictions on future employment and competitive activities, used when protecting business interests is crucial
2. Non-Solicitation Provisions: Restrictions on soliciting employees, customers, or suppliers, used when protecting business relationships is important
3. Outplacement Services: Terms of career transition support services, included when offering additional transition assistance
4. Benefits Continuation: Terms for continuing health insurance or other benefits, including COBRA details, used when extending benefits beyond termination
5. Reference and Communication: Terms regarding future employment references and communication about the separation, used when parties want to control messaging
1. Schedule A - Calculation of Severance Payment: Detailed breakdown of severance amount calculation, including base salary, bonuses, and other compensation elements
2. Schedule B - Company Property Checklist: Comprehensive list of company property to be returned, including devices, documents, and access credentials
3. Schedule C - Benefits Continuation Details: Specific details of any continued benefits, including coverage periods and payment responsibilities
4. Appendix 1 - Release of Claims Form: Detailed release form incorporating all statutory requirements and specific claims being waived
Find the exact document you need
Severance Agreement Mutual Non Disparagement
A U.S. legal agreement defining severance terms and mutual non-disparagement obligations between employer and departing employee.
Download
Non Disparagement Severance Agreement
A U.S. agreement combining severance terms with mutual non-disparagement obligations between employer and departing employee.
Download
Mutual Agreement Severance
A U.S.-governed agreement between employer and employee establishing terms for mutually agreed employment termination and severance benefits.
Download
Separation And Severance Agreement
A U.S. legal agreement between employer and departing employee outlining termination terms and severance benefits.
Download
Severance Package Letter
A US-compliant formal document outlining employee separation terms, including severance pay, benefits, and conditions for release of claims.
Download
Laid Off Separation Agreement
A U.S. legal document establishing terms for employee termination, including severance and mutual obligations.
Download
Non Compete Clause In Appointment Letter
A U.S. employment provision restricting post-employment competitive activities, with varying enforceability by state.
Download
Independent Contractor Severance Agreement
A U.S. legal document that formalizes the termination of a contractor relationship and outlines severance terms.
Download
Separation Pay Agreement
A U.S. legal agreement defining severance terms between employer and departing employee.
Download
Severance Contract
A US-governed agreement documenting employment termination terms, including severance payment, benefits, and mutual releases.
Download
Severance Pay Agreement
A U.S. legal agreement defining severance compensation and terms upon employment termination.
Download
Confidentiality And Non Disparagement Agreement
A U.S.-governed agreement establishing confidentiality obligations and preventing disparaging statements between parties.
Download
Layoff Separation Agreement
A U.S. legal document establishing terms for employee layoff, including severance and releases.
Download
Job Separation Agreement
A U.S. legal document establishing terms of employment termination, including severance, benefits, and mutual obligations.
Download
Non Disparage Agreement
A U.S. legal agreement preventing parties from making negative statements about each other, subject to federal and state regulations.
Download
Voluntary Severance Agreement
A U.S.-compliant agreement outlining terms and conditions for voluntary employment termination with severance benefits.
Download
Mutual Severance Agreement
A U.S. legal agreement defining terms of employment separation, including severance benefits and mutual releases.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)