Severance and Termination Agreement Form



Severance and termination agreement forms are created by the human resource department of a company to notify the employee that his services are no longer required and he has been officially terminated. It is also called a Golden Handshake and is used in case of layoffs or voluntary retirement.

The severance and termination agreement governs the terms by which an employee will leave employment at a particular work place. By signing this, the employee waives his or her right to sue his employer, in return for a severance pay or some other form of compensation paid by the employer. Thus these forms help to prove the basis for a cordial and litigation-free termination.

You can Download the Severance and Termination Agreement Form Template form, customize it according to your needs and Print. Severance and Termination Agreement Form Template is either in MS Word and Editable PDF.

Sample Severance and Termination Agreement Form

Severance and Termination Agreement Form

Download Editable Severance and Termination Agreement Form for only $4.99

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Category: HR Forms

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