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Severance agreement template

Severance release agreement 2026

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The document is a Severance Agreement and Release of Claims in which the employee acknowledges receipt of severance pay and resigns from employment. It includes a release of claims against the employer related to employment or separation, covering various legal grounds such as discrimination and harassment. The employee confirms understanding of the agreement, has been advised to consult an attorney, and acknowledges a 21-day consideration period and a 7-day revocation period after signing.

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Click ‘Get Form’ to open the severance release agreement in the editor.
Begin by entering your name in the designated field where it states 'I ____'. This personalizes the document and confirms your identity.
Next, input the amount of severance pay you are receiving in the space provided. Ensure this figure reflects any deductions as necessary.
In the section labeled 'Employer', fill in the name of your employer. This identifies who you are releasing from claims.
Review each clause carefully, especially those regarding claims and rights. Make sure you understand what you are agreeing to before signing.
Sign and date the document at the bottom. If required, have a witness sign as well to validate the agreement.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a severance agreement and release?

A severance agreement is a contract that an employer may ask an employee to sign when they are terminated from a job. Severance pay is often offered in exchange for an employees release of their claims against the employer.

What is the purpose of severance?

Employers are not required to offer severance pay to most laid-off employees in most circumstances. If an employer chooses to, however, a common way to determine the amount of severance pay is two weeks of severance pay for each year of service.

What is the standard for a severance agreement?

What should be included in a severance agreement? Compensation details. Confidentiality rules following termination. Date of employees termination. Agreement from both parties in the form of a signature. Details about how long the employee will continue to have access to benefits.

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