Separation Agreement Template
1. Return of Company Property
Return deadline: [Date]. Return method: [Drop-off/Ship/Other].
Items: [Devices/Badges/Documents/Other].
Access and credentials: [Deactivate/Transfer list].
2. Termination of Employment
Employment ends on [Termination Date] (the “Separation Date”).
Effective Date of this Agreement: [Date of last signature].
3. Final Compensation
Earned wages through Separation Date: [Amount/Calculation].
Unused PTO (if applicable): [Amount/Calculation].
Other compensation (if any): [Describe].
4. Severance Pay
Severance: [No severance/Severance of $[Amount] as [Lump sum/Installments]].
Payment Timing: [Date(s)/Method].
Conditions (if any): [Return of property/Transition completion/Other].
5. Benefits
Benefits terminate on [Date], unless continued through [Plan continuation/Other arrangement].
Benefits Contact: [Name/Email/Phone].
6. Confidentiality
Confidentiality: [Continue under prior agreement/Set forth here: __].
Confidential materials handling: [Return/Deliver/Delete per policy].
7. Company Property Return Inventory
Item | Asset ID/Serial | Return Method | Due Date | Received By/Date |
[Laptop] | [Asset ID] | [Drop-off/Ship] | [MM/DD/YYYY] | [Name/Date] |
[Phone] | [Asset ID] | [Drop-off/Ship] | [MM/DD/YYYY] | [Name/Date] |
[Badge/Key] | [ID] | [Drop-off] | [MM/DD/YYYY] | [Name/Date] |
Item | Asset ID/Serial | Return Method | Due Date | Received By/Date |
[Laptop] | [Asset ID] | [Drop-off/Ship] | [MM/DD/YYYY] | [Name/Date] |
[Phone] | [Asset ID] | [Drop-off/Ship] | [MM/DD/YYYY] | [Name/Date] |
[Badge/Key] | [ID] | [Drop-off] | [MM/DD/YYYY] | [Name/Date] |
Item
Asset ID/Serial
Return Method
Due Date
Received By/Date
[Laptop]
[Asset ID]
[Drop-off/Ship]
[MM/DD/YYYY]
[Name/Date]
[Phone]
[Badge/Key]
[ID]
[Drop-off]
8. Non-Disparagement
Non-disparagement: No false or damaging statements.
Inquiry Contact (if any): [Name/Department/Email].
9. Release of Claims
In exchange for the consideration stated in [Severance/Other consideration], Employee releases Employer from Claims related to employment/termination, except [Excluded items].
10. Non-Solicitation and Non-Compete (If Applicable)
Non-solicitation: [If applicable: [X] months; scope: clients/employees].
Non-compete: [If applicable: [Region] for [X] months].
11. Governing Law
Governing law: Texas.
12. Entire Agreement
This Agreement supersedes prior discussions regarding separation.
Amendments must be in writing and signed by both Parties.
13. Notices
Employer Notice Address: [Address/Email].
Employee Notice Address: [Address/Email].
14. Transition Deliverables (If Any)
Deliverables: [Handoff notes/Repo access/Client status/Other].
Due Date: [Date]. Recipient: [Name/Department].
15. Signatures
Employer Signatory: ________________________ Date: ____________ Name/Title: [Name, Title]
HR Reviewer: _____________________________ Date: ____________ Name/Title: [Name, Title]
Employee: _________________________________ Date: ____________ Name: [Full Name]
Witness (Optional): ________________________ Date: ____________ Name: [Witness Name]
Item | Asset ID/Serial | Return Method | Due Date | Received By/Date |
[Laptop] | [Asset ID] | [Drop-off/Ship] | [MM/DD/YYYY] | [Name/Date] |
[Phone] | [Asset ID] | [Drop-off/Ship] | [MM/DD/YYYY] | [Name/Date] |
[Badge/Key] | [ID] | [Drop-off] | [MM/DD/YYYY] | [Name/Date] |
