The Severance Agreement is a legally binding document designed to protect all involved parties and clearly outline rights, responsibilities, and expectations. It defines the terms under which an employee agrees to leave a company, often in exchange for compensation and other benefits.

What is a Severance Agreement?

A Severance Agreement is used when an employer and employee part ways, whether due to layoffs, restructuring, or mutual agreement. It typically includes severance pay, continuation of benefits, confidentiality clauses, and a release of legal claims. This document ensures a smooth and respectful separation while reducing the risk of future disputes.

Key Elements of a Severance Agreement

• Severance Pay: Compensation details including lump sums or salary continuation
• Benefits Continuation: Health insurance, stock options, or other benefit extensions
• Release of Claims: Waiver of potential legal actions by the departing employee
• Non-Disparagement & Confidentiality: Clauses to protect the company’s reputation and sensitive information
• Return of Company Property: Requirements for returning devices, files, or materials

Why Use Our AI Severance Agreement Generator?

• Legally Compliant: Designed to align with employment laws and labor regulations
• Customizable: Tailor the terms to suit individual employee situations
• Quick & Efficient: Draft a professional agreement in minutes
• Private & Secure: Sensitive information is encrypted and kept confidential

Ideal For

• Employers Handling Layoffs or Terminations
• HR Departments Creating Exit Packages
• Employees Seeking Fair Exit Terms
• Businesses Reducing Legal Risk After Employment Ends

Create Your Severance Agreement

Ensure a respectful and legally sound end to the employment relationship. Use our AI-powered tool to generate a personalized Severance Agreement quickly and confidently.