39 Best Severance Agreement Templates

1. Clarity of Scope and Terms
Define the severance package details explicitly, including amount, payment schedule, benefits, and any conditions for receipt. Include what is released, any exceptions, and the effect on non-compete or non-solicitation clauses to prevent future disputes.

2. Release, Waiver, and Disclosures
Ensure the release language is clear about what the employee is waiving and that it complies with applicable laws. Include any required disclosures and consider adding a safe harbor for claims under laws like age or disability protections.

3. Signatures, Timing, and Legal Review
Specify required signatures and dates, and indicate whether the agreement is contingent on a consulting period or return of company property. Have the template reviewed by legal counsel to ensure enforceability and compliance with local regulations.