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Agreement

Employee Separation Agreement

Comprehensive separation and release agreement covering severance pay, COBRA continuation, general release of claims, ADEA compliance, non-disparagement, and return of property.

Employee Separation Agreement and General Release

This Employee Separation Agreement and General Release (this "Agreement") is entered into by and between:

company_name (the "Company"); and

employee_name (the "Employee").

The Company and Employee are each referred to herein as a "Party" and collectively as the "Parties."


Recitals

WHEREAS, the Employee has been employed by the Company;

WHEREAS, the Employee's employment with the Company will terminate effective separation_date (the "Separation Date");

WHEREAS, the Company desires to provide the Employee with certain separation benefits in exchange for a general release of claims and other covenants as set forth herein; and

WHEREAS, the Employee desires to accept such separation benefits in exchange for the release and covenants described herein.

NOW, THEREFORE, in consideration of the mutual covenants, agreements, and promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:


1. Separation of Employment

1.1 Separation Date

The Employee's employment with the Company shall terminate effective separation_date. The Employee acknowledges that as of the Separation Date, the Employee shall cease to be an employee of the Company for all purposes.

1.2 Resignation from Positions

Effective as of the Separation Date, the Employee hereby resigns from all positions held with the Company and any of its subsidiaries, affiliates, or related entities, including any officer, director, manager, trustee, or fiduciary positions. The Employee shall execute any additional documents reasonably requested by the Company to effectuate such resignations.

1.3 Final Compensation

Regardless of whether the Employee signs this Agreement, the Company shall pay the Employee all earned but unpaid base salary through the Separation Date, less applicable withholdings and deductions, on the Company's next regular payroll date following the Separation Date, or as otherwise required by applicable law.

1.4 Accrued Benefits

The Company shall pay the Employee for any accrued but unused paid time off (PTO) as of the Separation Date, in accordance with the Company's PTO policy and applicable law. The Employee shall not accrue any additional PTO after the Separation Date.


2. Severance Benefits

2.1 Severance Payment

In consideration for the Employee's execution and non-revocation of this Agreement, and the Employee's compliance with all terms and conditions herein, the Company shall pay the Employee a total severance amount of severance_amount (the "Severance Payment"), less applicable federal, state, and local tax withholdings and authorized deductions.

2.2 Payment Schedule

The Severance Payment shall be paid in a lump sum within thirty (30) days following the Effective Date of this Agreement (as defined in Section 5 below), or in such installments as the Company may determine, consistent with the Company's regular payroll practices. If paid in installments, each installment shall be subject to applicable withholdings.

2.3 Conditions to Payment

The Company's obligation to make the Severance Payment is expressly conditioned upon: (a) the Employee's execution of this Agreement within the consideration period specified in Section 5; (b) the Employee's non-revocation of this Agreement during the revocation period specified in Section 5; (c) the Employee's compliance with all terms and conditions of this Agreement; and (d) the Employee's return of all Company property as described in Section 8.

2.4 No Other Severance

The Severance Payment described in this Section constitutes the entire severance benefit to which the Employee is entitled. The Employee acknowledges that, but for this Agreement, the Employee would not be entitled to the Severance Payment, and that the Severance Payment constitutes adequate consideration for the release and other covenants provided by the Employee herein.

2.5 Tax Obligations

The Employee acknowledges that the Employee is solely responsible for any tax obligations arising from the Severance Payment and other benefits received under this Agreement. The Company makes no representations regarding the tax treatment of any payments or benefits under this Agreement, and the Employee is advised to consult with a tax advisor.


3. COBRA Health Insurance Continuation

3.1 COBRA Notice

The Employee shall receive a separate COBRA (Consolidated Omnibus Budget Reconciliation Act) notice regarding the Employee's right to continue group health insurance coverage under the Company's health plan. The COBRA notice shall be sent to the Employee within the timeframe required by applicable law.

3.2 COBRA Continuation Coverage

If the Employee timely elects COBRA continuation coverage, the Employee shall be responsible for paying the full COBRA premium, including any administrative fee permitted by law, for the duration of the COBRA continuation period (generally eighteen (18) months for the Employee and up to thirty-six (36) months for qualified beneficiaries, as applicable).

3.3 Company Subsidy

As an additional separation benefit, the Company shall subsidize the Employee's COBRA premiums by paying the Company's share of the premium (the same portion the Company paid during the Employee's active employment) for a period of three (3) months following the Separation Date, provided the Employee timely elects COBRA continuation coverage. After this subsidy period, the Employee shall be responsible for the full COBRA premium.

3.4 Termination of COBRA Subsidy

The Company's obligation to subsidize COBRA premiums shall terminate upon the earliest of: (a) the expiration of the three (3) month subsidy period; (b) the Employee's failure to timely pay the Employee's portion of the COBRA premium; (c) the Employee's eligibility for coverage under another group health plan; or (d) the Employee's eligibility for Medicare.

3.5 Other Benefits

Except as specifically provided in this Agreement, the Employee's eligibility for all other Company benefits shall cease as of the Separation Date. The Employee's rights under any applicable retirement, pension, or stock plan shall be governed by the terms of such plans.


4. General Release of Claims

4.1 Release by Employee

In consideration of the Severance Payment and other benefits provided under this Agreement, the Employee, on behalf of the Employee and the Employee's heirs, executors, administrators, successors, and assigns, hereby irrevocably and unconditionally releases, acquits, and forever discharges the Company and its past, present, and future parent companies, subsidiaries, affiliates, and related entities, and each of their respective officers, directors, employees, agents, shareholders, members, partners, attorneys, insurers, predecessors, successors, and assigns (collectively, the "Released Parties") from any and all claims, demands, actions, causes of action, suits, damages, losses, liabilities, costs, expenses (including attorney's fees), and obligations of every kind and nature, whether known or unknown, suspected or unsuspected, that the Employee has, had, or may have against any of the Released Parties, arising from or relating to any act, omission, event, or circumstance from the beginning of time through the date of the Employee's execution of this Agreement (collectively, "Claims").

4.2 Scope of Release

Without limiting the generality of the foregoing, this release includes, but is not limited to, Claims arising under or relating to:

(a) Title VII of the Civil Rights Act of 1964, as amended;

(b) The Americans with Disabilities Act of 1990, as amended;

(c) The Age Discrimination in Employment Act of 1967, as amended ("ADEA");

(d) The Older Workers Benefit Protection Act ("OWBPA");

(e) The Family and Medical Leave Act;

(f) The Equal Pay Act;

(g) The Genetic Information Nondiscrimination Act;

(h) The Employee Retirement Income Security Act ("ERISA"), to the extent permitted by law;

(i) The Worker Adjustment and Retraining Notification Act ("WARN Act");

(j) The National Labor Relations Act;

(k) The Uniformed Services Employment and Reemployment Rights Act;

(l) The Sarbanes-Oxley Act;

(m) Any and all applicable state and local anti-discrimination, civil rights, employment, and labor laws;

(n) Any and all claims for breach of contract, breach of implied contract, promissory estoppel, or unjust enrichment;

(o) Any and all claims for wrongful discharge, constructive discharge, or retaliatory discharge;

(p) Any and all claims for emotional distress, defamation, invasion of privacy, fraud, or misrepresentation; and

(q) Any and all claims for compensation, wages, bonuses, commissions, equity, benefits, or other remuneration, except as specifically provided in this Agreement.

4.3 Exclusions from Release

Notwithstanding the foregoing, this release does not apply to: (a) Claims for unemployment insurance benefits; (b) Claims for workers' compensation benefits; (c) Claims that cannot be waived or released as a matter of law; (d) the Employee's right to file a charge of discrimination with the Equal Employment Opportunity Commission ("EEOC") or any state or local fair employment practices agency (provided that the Employee waives any right to monetary recovery in connection with any such charge); (e) Claims for vested benefits under any applicable retirement plan; or (f) Claims arising after the date of the Employee's execution of this Agreement.

4.4 Waiver of Unknown Claims

The Employee expressly waives any rights or benefits under any statute or common law principle that would otherwise limit the release to claims known or suspected at the time of execution. The Employee understands and acknowledges that there may be Claims of which the Employee is currently unaware or that the Employee does not currently suspect to exist, and the Employee intends to release such Claims.

4.5 Covenant Not to Sue

The Employee represents and warrants that the Employee has not filed, and agrees not to file, any lawsuit, complaint, charge, or other proceeding against any of the Released Parties based on any Claim released in this Agreement (except for a charge filed with the EEOC, as noted above). If the Employee breaches this covenant, the Employee shall be liable for all of the Released Parties' attorney's fees and costs incurred in defending such action.


5. ADEA Compliance — Older Workers Benefit Protection Act

5.1 Knowing and Voluntary

The Employee acknowledges that this Agreement constitutes a knowing and voluntary waiver of the Employee's rights under the Age Discrimination in Employment Act (ADEA), in compliance with the Older Workers Benefit Protection Act (OWBPA).

5.2 Consideration Period

The Employee has been given a period of twenty-one (21) calendar days from the date of receipt of this Agreement to consider whether to sign it (the "Consideration Period"). The Employee may sign this Agreement at any time during the Consideration Period, but is not required to use the entire twenty-one (21) day period. If the Employee signs this Agreement before the expiration of the Consideration Period, the Employee acknowledges that the decision to do so was voluntary and was not induced by the Company through fraud, misrepresentation, or a threat to withdraw or alter the Agreement.

5.3 Revocation Period

The Employee may revoke this Agreement within seven (7) calendar days after signing it (the "Revocation Period") by delivering a written notice of revocation to the Company's Human Resources department. The revocation must be received by the Company before the expiration of the Revocation Period. If the Employee revokes this Agreement, the Agreement shall be null and void and of no further force or effect, and the Employee shall not be entitled to the Severance Payment or other benefits described herein.

5.4 Effective Date

This Agreement shall become effective and enforceable on the eighth (8th) calendar day following the Employee's execution of this Agreement, provided the Employee has not revoked the Agreement during the Revocation Period (the "Effective Date").

5.5 Advice of Counsel

The Employee is hereby advised to consult with an attorney of the Employee's choosing before signing this Agreement. The Employee acknowledges that the Company has provided this advice in writing and that the Employee has had a reasonable opportunity to consult with an attorney.

5.6 Group Termination (If Applicable)

If this Agreement is offered in connection with a group termination or exit incentive program, the Employee shall have forty-five (45) calendar days to consider this Agreement (instead of twenty-one days), and the Company shall provide the Employee with information required by the OWBPA, including the eligibility factors and time limits applicable to the program, and the job titles and ages of all individuals eligible or selected for the program and all individuals in the same job classification or organizational unit who were not eligible or selected.


6. Non-Disparagement

6.1 Employee Non-Disparagement

The Employee agrees that, following the Separation Date, the Employee shall not make any written or oral statements that are disparaging, derogatory, or defamatory toward the Company, its products, services, business practices, officers, directors, employees, agents, or representatives, to any third party, including but not limited to: current or former employees, customers, clients, vendors, investors, the media, or any person or entity in the Company's industry.

6.2 Company Non-Disparagement

The Company agrees to instruct its officers and members of senior management to refrain from making disparaging statements about the Employee to third parties. This obligation applies to statements made in the officers' and senior management's capacity as representatives of the Company.

6.3 Exceptions

The non-disparagement obligations in this Section do not restrict either Party from: (a) providing truthful testimony in any legal proceeding; (b) making truthful statements to any governmental agency, including the EEOC, the Department of Labor, or the Securities and Exchange Commission; (c) responding to a lawful subpoena or other legal process; or (d) making truthful statements as required by applicable law.

6.4 Social Media

The Employee agrees to refrain from posting any disparaging comments about the Company, its products, services, officers, directors, or employees on any social media platform, website, blog, or online forum. The Employee shall not encourage or assist any third party in making disparaging statements about the Company.


7. Confidentiality

7.1 Confidentiality of Agreement

The Employee agrees to keep the terms, conditions, and existence of this Agreement strictly confidential and shall not disclose any information regarding this Agreement to any person or entity, except: (a) to the Employee's spouse or domestic partner; (b) to the Employee's attorney, financial advisor, or tax advisor, provided they agree to maintain confidentiality; (c) as required by applicable law or legal process; or (d) as necessary to enforce the terms of this Agreement.

7.2 Ongoing Confidentiality Obligations

The Employee's obligations regarding the Company's Confidential Information, as defined in any prior confidentiality, non-disclosure, or employment agreement between the Employee and the Company, shall survive the termination of the Employee's employment and remain in full force and effect. The Employee shall continue to protect the Company's Confidential Information in accordance with the terms of such agreements.

7.3 Trade Secrets

The Employee's obligations regarding the Company's trade secrets shall survive the termination of employment for as long as such information remains a trade secret under applicable law. The Employee shall not use or disclose any trade secret of the Company at any time.


8. Return of Company Property

8.1 Obligation to Return

On or before the Separation Date, the Employee shall return to the Company all Company property in the Employee's possession, custody, or control, including but not limited to: (a) laptops, computers, tablets, phones, and other electronic devices; (b) keys, access cards, and identification badges; (c) credit cards and purchasing cards; (d) files, documents, records, reports, and correspondence, whether in physical or electronic form; (e) software, data, and proprietary information stored on any device or medium; (f) tools, equipment, and supplies; and (g) any other property belonging to the Company.

8.2 Electronic Data

The Employee shall delete all Company data, files, documents, and information from the Employee's personal devices, cloud storage accounts, email accounts, and any other personal systems or media. The Employee shall certify in writing that all such data has been deleted and that no copies have been retained.

8.3 Failure to Return

If the Employee fails to return Company property as required by this Section, the Company may deduct the value of such property from the Severance Payment to the extent permitted by applicable law, and may take any other legal action to recover such property.


9. Non-Compete and Non-Solicitation

9.1 Existing Obligations

The Employee acknowledges that any non-compete, non-solicitation, or restrictive covenant agreements previously executed by the Employee in connection with the Employee's employment shall remain in full force and effect in accordance with their terms, and the Employee's obligations under such agreements shall survive the termination of employment.

9.2 Non-Solicitation

For a period of twelve (12) months following the Separation Date, the Employee shall not, directly or indirectly, solicit or attempt to solicit any employee, contractor, or consultant of the Company to leave the Company's employ or engagement, or hire or engage any such person.

9.3 Customer Non-Solicitation

For a period of twelve (12) months following the Separation Date, the Employee shall not, directly or indirectly, solicit or contact any customer or client of the Company with whom the Employee had material contact during the last twelve (12) months of employment for the purpose of providing competitive products or services.


10. Cooperation

The Employee agrees to cooperate fully with the Company in connection with any pending or future litigation, arbitration, mediation, investigation, or other proceeding involving the Company in which the Employee's knowledge, testimony, or assistance may be relevant. The Company shall reimburse the Employee for reasonable out-of-pocket expenses incurred in connection with such cooperation and shall make reasonable efforts to minimize any inconvenience to the Employee.

The Employee also agrees to cooperate with the Company in the orderly transition of the Employee's duties and responsibilities, including making the Employee available for questions and consultation during a reasonable transition period following the Separation Date.


11. No Admission

This Agreement does not constitute an admission of liability, wrongdoing, or violation of any law, regulation, or agreement by the Company or any of the Released Parties. The Company expressly denies any and all liability, and this Agreement is entered into solely for the purpose of resolving all matters between the Parties in a mutually satisfactory manner.


12. General Provisions

12.1 Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the state in which the Employee was primarily employed, without regard to its conflict of law principles.

12.2 Entire Agreement

This Agreement, together with any surviving provisions of prior agreements specifically referenced herein, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior negotiations, representations, and understandings relating to the Employee's separation from the Company.

12.3 Amendments

This Agreement may not be amended, modified, or supplemented except by a written instrument signed by both Parties.

12.4 Severability

If any provision of this Agreement is held to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable.

12.5 Waiver

No failure or delay by either Party in exercising any right under this Agreement shall operate as a waiver thereof.

12.6 Counterparts

This Agreement may be executed in counterparts, each of which shall be deemed an original. Electronic signatures shall be deemed original signatures for all purposes.

12.7 Section 409A Compliance

The payments and benefits under this Agreement are intended to comply with, or be exempt from, the requirements of Section 409A of the Internal Revenue Code. This Agreement shall be interpreted and administered in a manner consistent with this intent. In no event shall the Company be liable for any additional tax, interest, or penalty imposed on the Employee under Section 409A.


13. Acknowledgment

The Employee acknowledges and agrees that:

(a) The Employee has read this Agreement in its entirety and understands all of its terms and conditions.

(b) The Employee has been advised, in writing, to consult with an attorney before signing this Agreement.

(c) The Employee has had twenty-one (21) calendar days (or forty-five (45) days, if applicable) to consider this Agreement.

(d) The Employee has seven (7) calendar days after signing this Agreement to revoke it.

(e) The Employee is entering into this Agreement voluntarily, of the Employee's own free will, and without coercion or duress.

(f) The Severance Payment and other benefits provided under this Agreement constitute consideration that the Employee would not otherwise be entitled to receive.

(g) The Employee has not relied on any representations or promises other than those set forth in this Agreement.

(h) The Employee is not waiving any rights or claims that may arise after the date of signing this Agreement.


14. Signatures

IN WITNESS WHEREOF, the Parties have executed this Employee Separation Agreement and General Release on the dates indicated below.

Company

company_name

Authorized Representative Signature:

[Electronic signature will be collected via zsign]

Name: _______________________________________________

Title: _______________________________________________

[Date will be recorded automatically]

Employee

employee_name

[Electronic signature will be collected via zsign]

[Date will be recorded automatically]

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