Agreement for voluntary employee separation, including severance, release of claims, and post-employment obligations. Two signers (employer and employee).
The Employee Separation Agreement is a ready-to-use employment & hr template you can send for signature in minutes. It is written for 2 signers (employer and employee) and, by default, expires 30 days after it is sent if left unsigned. It covers two signers, agreement, waiver, lease, employment. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Employee Separation Agreement and General Release **Date:** ___________ This Separation Agreement and General Release ("Agreement") is entered into by and between: **Employer:** ___________ ("Employer") **Employee:** ___________ ("Employee") ## 1. Separation The Employee's employment with the Employer shall terminate effective ___________ (the "Separation Date"). The Employee's last day of work shall be the Separation Date unless otherwise agreed. **Reason for Separation:** ___________ ## 2. Final Compensation The Employer shall pay the Employee: (a) All earned but unpaid wages through the Separation Date; (b) Accrued but unused paid time off in the amount of ___________; (c) Any earned but unpaid bonuses or commissions, if applicable. These amounts shall be paid in accordance with applicable state law regardless of whether the Employee signs this Agreement. ## 3. Severance In consideration of the Employee's execution of this Agreement and the release of claims below, the Employer shall provide the following severance: **Severance Amount:** ___________ **Payment Method:** ___________ The Employee acknowledges that this severance is above and beyond any compensation to which the Employee is otherwise entitled. ## 4. Benefits Continuation