Employee Separation & Non-Disparagement Agreement: Exit Terms

Employee Separation & Non-Disparagement Agreement Template

This Employee Separation & Non-Disparagement Agreement (“Agreement”) is made and entered into on [Date], by and between:

Employer:

Name: __________________________

Company: __________________________

Address: __________________________

Employee:

Name: __________________________

Address: __________________________

Together referred to as the “Parties.”

1. Termination of Employment

The Employee’s employment with the Employer shall terminate effective [Termination Date]. The Employee acknowledges receipt of all wages, salary, and benefits up to this date.

2. Final Compensation and Severance

The Employer agrees to provide the Employee with:

• Final paycheck covering all earned wages through the termination date.

• Severance pay in the amount of $[Amount], if applicable, paid in accordance with the company’s policies.

Final paycheck covering all earned wages through the termination date.

Severance pay in the amount of $[Amount], if applicable, paid in accordance with the company’s policies.

3. Return of Company Property

The Employee agrees to return all company-owned property, including laptops, access cards, documents, and intellectual property, by [Return Date].

4. Confidentiality

The Employee shall maintain the confidentiality of all proprietary and sensitive information obtained during employment, even after termination.

5. Non-Disparagement

The Employee agrees not to make any statements, whether written or verbal, that would harm the Employer’s reputation, employees, or clients.

The Employer likewise agrees not to disparage the Employee.

This clause does not prevent either Party from complying with legal obligations, such as reporting to regulatory authorities.

6. Release of Claims

In exchange for the benefits provided under this Agreement, the Employee releases the Employer from any claims, disputes, or legal actions arising from their employment or separation, except as prohibited by law.

7. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of [State/Country].

8. Entire Agreement

This document represents the complete understanding between the Parties and supersedes all prior agreements regarding the Employee’s separation.

9. Signatures

Employer Signature: __________________________ Date: _________

Printed Name & Title: __________________________

Employee Signature: __________________________ Date: _________

Printed Name: __________________________