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Severance Agreement

Generate a Severance Agreement draft — last working day, severance pay, notice pay, and final settlement timeline, plus a mutual release-of-claims and non-disparagement clause. Produces the identical document as Termination Agreement (same fields, same output, this one framed around the severance-for-release exchange). A starting-point draft — have a lawyer review it before either side signs.

How to Use Severance Agreement
  1. 1Enter the employer and employee names
  2. 2Enter the last working day, severance pay, notice pay, and settlement timeline
  3. 3Click Generate to produce the draft
  4. 4Have both sides get legal review before signing
Frequently Asked Questions

No — identical fields and output. This one is framed as an exchange of severance pay for a release of claims; Termination Agreement uses more general end-of-employment language. Same document either way.

A fixed, standard clause where the employee releases claims against the employer upon receiving severance — not customized to your specific situation. Whether it validly waives particular statutory claims depends on your jurisdiction's law.

You enter it directly — the tool doesn't calculate a legally required minimum based on tenure or local law. Check what applies in your situation before finalizing the number.

Yes — a severance agreement asks the employee to give up legal rights in exchange for pay, so independent legal review protects both sides and helps the release actually hold up if it's ever challenged.

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