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How to use or fill out severance pay with our platform
- Click ‘Get Form’ to open the Severance Agreement in the editor.
- Fill in the date of the agreement at the top of the form, followed by the names and addresses of both the Employer and Employee.
- Specify the effective date of termination in Section 1, ensuring clarity on when employment ends.
- In Section 2, indicate any benefits being terminated and note if COBRA coverage will be elected by the Employee.
- Complete Section 3 by entering the severance pay amount, ensuring it reflects any applicable tax withholdings.
- Review Sections 4 through 20 for any additional agreements or clauses that may need your attention, such as confidentiality and indemnification provisions.
- Once all fields are filled out accurately, sign and date at the bottom of the document to finalize your agreement.
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