Human Resources Agreement
Free Severance Agreement & Release of Claims Template
Formalize employee terminations with severance pay, extended benefits, mutual non-disparagement, and a comprehensive waiver of claims.
Court-Admissible
ESIGN & eIDAS Compliant
Audit Trail Included
Essential Components
Key Clauses in This Severance Agreement & Release of Claims
Every standard clause included has been vetted for commercial validity and regulatory enforceability.
- 1 Separation Date and Final Wages Acknowledgement
- 2 Severance Pay Amount and Health Benefit Continuation (COBRA)
- 3 Comprehensive General Release of Employment Claims
- 4 ADEA / OWBPA 21-Day Consideration and 7-Day Revocation Periods (for workers 40+)
- 5 Non-Disparagement and Confidentiality of Terms
- 6 Return of All Company Laptops, Badges, and Data
Legal Enforceability Notice
Complies with the Older Workers Benefit Protection Act (OWBPA) and EEOC guidelines.
When to Use This Agreement
- • Conducting corporate layoffs or amicable staff separations
- • Mitigating wrongful termination or employment dispute risks
Designated Signers
Employer Departing Employee
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Sign Template NowFrequently Asked Questions
Why is a general release of claims necessary in severance?
It protects the company from future discrimination, wage, or breach-of-contract lawsuits in exchange for the financial severance package.