As much as everyone would love the idea of consistency, ultimately, change happens, and one of those is when a person loses a job. Employment separation occurs when an employment contract or some other agreement comes to an end. In the U.S. alone, there’s around 3.6 rate-of-separation in May of 2019 according to the U.S. Bureau of Labor Statistics. That’s about 5 million people who were just laid-off or fired. These situations are just inevitable, and writing an employee separation agreement could be draining, especially if the person leaving is someone you and the organization values. So, for those who want to make one, we have steps listed below that will surely help.
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5 Steps in Writing an Employment Separation Agreement
Step 1: Craft The Introduction
The crafting of the introduction should come first. The opening is quite crucial as included within are the identification of both parties, the background information, and the defined reason for separation. Be thorough in writing the introduction.
Step 2: Identify The Parties
Identifying the parties involved in the agreement is vital. You may want to title both respectively as the “Company” and the “Employee.” An example of this is “This agreement is between Company Name Corporation and John Smith.” If the employee had a specific job title or role, it might be necessary to include it also. After this, be sure to include the additional background and the reason for the separation. Be careful with the language as a large part of this is more on clearing claims and cutting ties.
Step 3: Establish The Terms
The next part of writing the agreement is to establish the terms. This includes the monetary compensation, healthcare, and the incentives that the employee is entitled to, and do check the state laws if some specifics might be different from other states. You need to use the law that governs the region where the business operates. Accurately detailing the terms of the agreement is essential. Spend time in polishing this area.
Step 4: Define The Obligations
Apart from the compensation, the employee is also entitled to do some obligations before leaving the company. The employee needs to return company properties, address the confidentiality of information, and sign the non-solicitation clause. Make this part of the agreement as detailed as possible, never leave a single vague sentence undefined.
Step 5: Sign The Document
The document needs signatures to be considered valid. If possible, have each copy signed by both parties. Each state may have different qualifications to make a document legal. Get informed with the needed requirements. Also included within the step is that the employee should also read the text thoroughly and sign the contract in good terms.
8+ Employment Separation Agreement Templates
1. Employment Separation Agreement Template
For those that need a template fast, this Employment Separation Agreement Template (shown above) is the perfect one. This format has suggestive details that make your usually irritating writing job more comfortable. Download this today and expedite the process of writing! Then, you can have that badly needed sweet escape.
2. Separation Agreement Template
The Separation Agreement Template is an all-purpose template for all those times when you needed something fast! This template is customizable and is available in many formats. With this in hand, it’s easy to finish that document anywhere, whenever. Download now!
3. Separation Notice Template
This Separation Notice Template is a two-page format that has everything a proper contract needs. It is concise and straightforward. Included within are terms when it comes to the whole severance process. Download this today!
4. Separation and Release Agreement Template
The Separation and Release Agreement Template is a complete agreement that has everything laid out. This format details everything that should be listed. You just need to fill in, and it’s done. Download this today!
5. Restaurant Separation Agreement Template
The catering industry is a fast-paced business. One time you go to another building and within the next five hours shift unto another. Managers are usually busy, but this Restaurant Separation Agreement Template is the perfect document on times when a severance file is needed. Download this today and make your time cost something more.
6. Separation and Release Agreement Template
With the Separation and Release Agreement Template, you can avoid legal woes. This template is accurate and complete. You no longer need to spend time in writing one as this template would surely amaze you. Download this today and see it for yourself!
7. U.S. S.E.C. Employment Separation Agreement
This U.S. S.E.C. Employment Separation Agreement is an excellent sample from the agency of authority. This incredibly detailed sample is the best sample there is. It shows not only a part of what an agreement should look like, but it delivers everything to the table. Check it out by pressing that download button!
8. ACC Sample Separation and Release Agreement
According to their website, “The Association of Corporate Counsel (ACC) is a global bar association that promotes the common professional and business interests of in-house counsel through information, education, networking opportunities, and advocacy initiatives.” True to who they are, this ACC Sample Separation and Release Agreement is exceptionally reliable. Download and check the file yourself!
9. Sumter Separation Agreement and General Release Draft
The Sumter Separation Agreement and General Release Draft is a format from the County of Sumter in the State of Florida. This agreement is an outstanding sample. It has enough details to allow you to make your document if you want. The legality of this if used is sure. Check this today by pressing that download button!