Contract template · Severance Agreements
Free Severance Agreement Template
A Severance Agreement is offered when an employee is laid off or terminated. In exchange for severance pay, the employee signs a release of claims against the company. For employees 40+, the OWBPA requires specific waiver language.
What's in a Severance Agreement?
A typical severance agreement covers the following key clauses:
Severance amount and payment timing
Release of claims against employer
Continued benefits (COBRA)
Return of company property
Non-disparagement (mutual or one-way)
ADEA waiver if employee is 40+
Pick your industry
We've prepared an industry-tailored version of the Severance Agreement for each of the 20 industries below. Click your industry to see the industry-specific considerations and a downloadable template.
Freelancers
For freelancers
Photographers
For photographers
Videographers
For videographers
Web Developers
For web developers
Graphic Designers
For graphic designers
Consultants
For consultants
Coaches
For coaches
Real Estate Agents
For real estate agents
General Contractors
For general contractors
Musicians
For musicians
Writers
For writers
Accountants
For accountants
Lawyers
For lawyers
Personal Trainers
For personal trainers
Small Businesses
For small businesses
Startups
For startups
E-commerce
For e-commerce businesses
Marketing Agencies
For marketing agencies
Tutors
For tutors
Event Planners
For event planners
Related contract templates
Legal disclaimer: This template is provided for general informational purposes and is not legal advice. Laws vary by state and country, and contract enforceability depends on specifics that this template can't anticipate. For high-stakes contracts, consult a licensed attorney in your jurisdiction.