Free Separation Agreement Template

Employer: [Company Name]

Address: [Company Address]

"and"

Employee: [Full Name]

Address: [Employee Address]

"Together referred to as the \"Parties.\""

1. "Termination of Employment"

"The Employee's employment with the Employer shall officially end on" [Date] ("the \"Separation Date\"").

2. "Final Compensation"

The Employee shall receive::

• Final paycheck including all earned but unpaid wages through the Separation Date
• Payment for unused vacation or paid time off (if applicable)

3. "Severance Pay"

No severance pay shall be provided

4. "Benefits"

"All benefits (e.g., health insurance, retirement contributions) will terminate on" [Date].

5. "Return of Company Property"

The Employee agrees to return all company-owned property, including but not limited to::

• Laptop or other electronic equipment
• ID badges and access cards
• Documents and confidential materials

"Return shall be completed by" [Date].

6. "Confidentiality"

"The Employee agrees to maintain the confidentiality of all proprietary and sensitive information obtained during employment, in accordance with any prior confidentiality agreements."

7. "Non-Disparagement"

"The Parties agree not to make any false or damaging statements about each other publicly or privately."

8. "Release of Claims"

"In exchange for the benefits provided in this Agreement, the Employee releases the Employer from any and all claims related to the employment relationship or its termination."

9. "Governing Law"

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

10. "Entire Agreement"

"This Agreement represents the full and complete understanding between the Parties and supersedes all prior discussions or agreements related to the subject matter."

IN WITNESS WHEREOF, the Parties have executed this Separation Agreement as of the date first written above.