Easily create clear and professional severance agreements with our editable MS Word templates, designed to simplify employee transitions.
Letting an employee go is never easy — it can be stressful for both the company and the individual. That’s why having the right paperwork matters. A Severance Agreement helps make the transition smoother by clearly laying out pay, benefits, and expectations, so there’s no confusion on either side.
Our collection of 18+ Severance Agreement Templates is designed to save you time and give you peace of mind. Each template is fully editable in MS Word, easy to customize for your situation, and comes with a professional cover page for a polished finish. Whether you’re handling a layoff, a mutual separation, an executive exit, or a retirement, these templates give you a clear, professional starting point to make the process fair and respectful.
Download easy-to-use Severance Agreement Templates to handle employee terminations, layoffs, resignations, or mutual separations with ease. Each template is fully editable in MS Word, allowing you to quickly customize it to match your company’s specific needs, and comes with a thoughtfully designed cover page to give your documents a polished, professional touch.
A Severance Agreement (sometimes called a termination agreement, separation agreement, or employee exit contract) is a legally binding document signed between an employer and an employee when employment ends. It clearly defines the terms of separation, including severance pay, benefits, confidentiality obligations, non-compete clauses, and other conditions that protect both the employer and the employee.
Ending an employment relationship isn’t just about saying goodbye — it’s about making sure the transition is clear, fair, and legally safe for both sides. That’s where a Severance Agreement comes in.
A well-drafted agreement:
By using a severance agreement, you ensure the process is professional, respectful, and stress-free for everyone involved.
Even the most well-meaning agreements can create problems if important details are overlooked. Here are some common mistakes employers make — and how to avoid them:
By avoiding these pitfalls, you’ll create an agreement that’s clear, compliant, and fair — protecting your business while ensuring a respectful employee exit.
Our Severance Agreement Templates are designed to be simple yet professional, so you can adapt them quickly to your situation. Here’s how to get the best results:
By following these steps, you’ll have a clear, professional, and legally sound severance agreement ready in minutes.
Yes. We provide specialized templates for executives that cover additional terms such as stock options, bonuses, and extended non-compete clauses.
Our templates are drafted with general best practices, but labor laws differ by location. It’s always recommended to review or adapt the agreement according to your state, country, or jurisdiction’s requirements.
No. Signing a severance agreement is voluntary for employees. However, employers often provide benefits (like severance pay or extended health coverage) as an incentive for signing.
A final paycheck covers wages for work already performed, while severance pay is additional compensation offered as part of a separation package.
Yes. While originally designed for employees, the templates can be adjusted for independent contractors by modifying or removing employee-specific terms.
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16+ Non-Compete Agreement Templates for Every Need (Free | Word Format)
