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An employment separation agreement is a legal document outlining the termination between employer and employee. Its purpose is to establish that no party has any claims or liability to the other. If an employee is terminated, particularly without cause, it is common for the employer to pay severance in the form of one or two weeks’ pay.
Employment Termination Agreement template - free to use. Create and manage Employment Termination Agreements more efficiently with this free template, enabling HR professionals and business leaders to handle this sensitive contract at scale.
A severance agreement is a legal document signed by an employer and an employee upon termination that details the rights and responsibilities of each party. The contract contains any benefits the employee will be entitled to, such as severance pay or insurance plans.
Find templates and examples of termination agreements for various situations. Customize and download termination agreement forms that meet your specific needs.
GET FREE PROPOSALS. Jump to Section. What is a Termination Of Employment Agreement? A termination of employment agreement is a formal and legal document in which an employer and employee agree to end an employment contract without prior notice.
Let an Attorney Review Your Employment Termination Contract. Contracts to terminate employment typically arise when a potentially contentious termination is going to take place. A lawyer can help you take care to avoid a legal conflict and ensure you're prepared for a lawsuit if one does arise.
Download a free Employment Termination Agreement Template. Customize, sign, and download in PDF or Word formats. Protect your rights and streamline the employee separation process.
Cancel an existing contract with a Termination Agreement. This easy-to-use template can be customized for leases and more.
1. TERMINATION. Effective as of (the "Termination Date"), the parties terminate the Agreement. The Agreement will be void and of no further binding effect. However, any provision in the Agreement that would otherwise survive in accordance with the terms of the Agreement will survive the termination of the Agreement in accordance with its terms. 2.
1. Employment Termination: The Employer and Employee do hereby agree that the employment of Employee shall cease as of ____ day of _____, 20____, as a mutual termination date. 2. Consideration: In consideration for the termination, the Employee shall receive the following: (a) _____