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The agreement defines parties, separation effective date, and separation type options (resignation, termination without cause, or mutual agreement). It specifies severance amount and payment method, addresses tax withholding, benefit continuation, and treatment of unused PTO. It includes a release language section, ADEA timing note for employees age 40+, return of company property, confidentiality and non-disparagement terms, optional non-solicitation, governing law, and signature blocks.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/employment-separation-severance-agreement-template/170001/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/employment-separation-severance-agreement-template/170001.png","ImageObject",442,249,{"name":88,"@type":89},"Alex Sinclair","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-10-23","2026-09-01",true,{"@type":98,"interactionType":99,"userInteractionCount":25},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What information does the agreement require under the “Parties” section?","Question",{"text":108,"@type":109},"It requires the employer and employee names, entity type, addresses, the employee’s position, and the last day of employment (separation date).","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How is severance pay calculated and paid?",{"text":113,"@type":109},"The template provides a severance amount expressed in gross pay, tied to an equivalent number of weeks or months, and allows payment as a lump sum on a specified date or via regular payroll for a defined period, subject to tax withholding.",{"name":115,"@type":106,"acceptedAnswer":116},"What obligations does the employee have after separation?",{"text":117,"@type":109},"The employee must return all company property by a set date and certify that no company data is retained on personal devices, while also keeping the agreement confidential and avoiding disparaging statements; non-solicitation may apply if selected.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},170001,1790070653,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":25,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},1099523882182,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","EMPLOYMENT SEPARATION & SEVERANCE AGREEMENT\nEmployee Termination, Release of Claims & Severance\nDISCLAIMER: This template is not legal advice. Laws vary by jurisdiction and state-specific requirements vary -- consult a qualified attorney before signing.\nPARTIES\nEmployer: [Company Name], a [Entity Type] ('Company'), [Address]\nEmployee: [Full Name] ('Employee'), [Address]\nPosition: [Job Title]\nLast Day of Employment: [MM/DD/YYYY] ('Separation Date')\nSEPARATION\nThe Employee's employment with the Company is terminated effective the Separation Date. [ ] Resignation   [ ] Termination without cause   [ ] Mutual agreement\nSEVERANCE PAY\nSeverance Amount: $[__________] (gross), equivalent to [___] weeks / months of base pay\nPayment Method: [ ] Lump sum on [MM/DD/YYYY]   [ ] Regular payroll for [___] weeks\nSeverance is subject to all applicable tax withholding.\nBENEFITS CONTINUATION\nHealth insurance: [ ] Continues through [MM/DD/YYYY]  [ ] COBRA eligibility notice provided.\nVested equity / 401(k): Employee retains vested benefits per plan terms.\nUnused PTO: $[______] paid out on final paycheck / forfeited per company policy.\nRELEASE OF CLAIMS\nIn consideration of the severance benefits above, Employee releases and forever discharges the Company and its officers, directors, and employees from any and all claims, known or unknown, arising from or related to the Employee's employment or termination.\nADEA note: Employees aged 40+ have 21 days to consider this release and 7 days to revoke it after signing (Older Workers Benefit Protection Act). Consult an employment attorney.\nRETURN OF PROPERTY\nEmployee shall return all Company property (laptop, keycards, documents, confidential data) by [MM/DD/YYYY]. Employee certifies no Company data is retained on personal devices.\nCONFIDENTIALITY & NON-DISPARAGEMENT\nEmployee agrees to keep the terms of this Agreement confidential and not to make disparaging statements about the Company. Company agrees to provide only neutral employment verification.\nNON-SOLICITATION (IF APPLICABLE)\nFor [___] months following the Separation Date, Employee shall not solicit Company employees or clients to the extent permitted by applicable law.\nGOVERNING LAW\nThis Agreement is governed by the laws of [State].\nSIGNATURES","cbCaismnNf2CNMHT","https://ap.wps.com/l/cbCaismnNf2CNMHT","docx",38311,"English","# Parties\n# Separation\n# Severance Pay\n# Benefits Continuation\n# Release of Claims\n# Return of Property\n# Confidentiality & Non-Disparagement\n# Non-Solicitation (If Applicable)\n# Governing Law\n# Signatures","[{\"question\":\"What information does the agreement require under the “Parties” section?\",\"answer\":\"It requires the employer and employee names, entity type, addresses, the employee’s position, and the last day of employment (separation date).\"},{\"question\":\"How is severance pay calculated and paid?\",\"answer\":\"The template provides a severance amount expressed in gross pay, tied to an equivalent number of weeks or months, and allows payment as a lump sum on a specified date or via regular payroll for a defined period, subject to tax withholding.\"},{\"question\":\"What obligations does the employee have after separation?\",\"answer\":\"The employee must return all company property by a set date and certify that no company data is retained on personal devices, while also keeping the agreement confidential and avoiding disparaging statements; non-solicitation may apply if selected.\"}]","Employment Separation & Severance Agreement - Template | DOCX",1788265744]