Separation agreement template

{Agreement date}

SEPARATION AGREEMENT
RE: Separation agreement for [Employee Name]

Dear [Employee Name],

This Separation Agreement and Release (the Agreement) is entered into between {Company name} and [Employee Name] (Employee ID [Employee ID]), who holds the position of [Job Title] in the [Department] department.

1. SEPARATION OF EMPLOYMENT
Your employment with {Company name} will end on [Separation Date] (the Separation Date). After that date, you will no longer be an employee of {Company name} and will not be entitled to further wages, other than as described below.

2. SEVERANCE
In exchange for signing and not revoking this Agreement, {Company name} will pay you severance of [Severance Amount], less applicable withholdings. This payment is conditioned on this Agreement becoming effective as described in the Consideration and Revocation section below, and is not otherwise owed to you.

3. RELEASE OF CLAIMS
In exchange for the severance described above, you release {Company name} from all claims arising from your employment or its end, known or unknown, up to the date you sign this Agreement. This release does not cover any claim that cannot be waived by law, such as a claim for unemployment or workers' compensation benefits, or any right to file a charge with a government agency.

4. CONSIDERATION AND REVOCATION
You have [Consideration Period] from the date you receive this Agreement to consider it before signing. After signing, you may revoke your acceptance by notifying [HR Contact] in writing no later than [Revocation Deadline]. This Agreement does not become effective, and no severance is paid, until the eighth day after you sign it, provided you have not revoked.

5. NON-ADMISSION
This Agreement is not an admission by {Company name} of any wrongdoing or liability.

6. RETURN OF PROPERTY
By the Separation Date, you agree to return all company property, including keys, access cards, equipment, and any confidential materials in your possession.

7. GOVERNING LAW
This Agreement is governed by the laws of [Work Location State], without regard to its conflict-of-laws principles.

If you have any questions about this Agreement before you sign, please contact [HR Contact].

Sincerely,

______________________________
{Signer name and title}
For {Company name}
Date: ____________________

______________________________
[Employee Name]
Employee
Date: ____________________