You can open the California Severance Agreement Template in multiple formats, including PDF, Word, and Google Docs.
California Severance Agreement Template Printable | Editable FormSample
[Name of the Employer]
[Employer’s ID]
[Employer’s Address]
[Employer’s Phone]
[Employer’s Email]
[Name of the Employee]
[Employee’s ID]
[Employee’s Address]
This Severance Agreement (“Agreement”) is made effective as of [Effective Date] by and between [Employer’s Name] and [Employee’s Name], together referred to as “the Parties”.
The Employee’s position is being eliminated due to [Specify reason, e.g., company restructuring, workforce reduction].
The Employer agrees to provide the Employee a severance payment of [Amount], which shall be paid in accordance with the following schedule: [Specify terms].
The Employer will continue to provide medical and dental benefits for the Employee for a period of [Specify duration, e.g., 3 months] following the termination date.
In exchange for the severance payment, the Employee agrees to release the Employer from any and all claims or liabilities arising from employment or the termination of employment.
The Employee agrees to maintain the confidentiality of the details of this Agreement and any proprietary information received during their employment.
Both parties agree not to make negative or disparaging remarks about each other to third parties.
[Signature of the Employer]
[Name of the Employer]
[Signature of the Employee]
[Name of the Employee]
[Name of the Employer]
[Employer’s ID]
[Employer’s Address]
[Employer’s Phone]
[Employer’s Email]
[Name of the Employee]
[Employee’s ID]
[Employee’s Address]
This Severance Agreement (“Agreement”) is designed to outline the terms under which [Employee’s Name]’s employment with [Employer’s Name] will be terminated effective [Termination Date].
Upon execution of this Agreement, the Employee will receive a severance payment of [Amount], which will be subject to applicable taxes.
The Employer agrees to provide the Employee with outplacement services for a period of [Specify duration] to assist in finding new employment.
The Employee agrees to return all company property in their possession, including but not limited to laptops, keys, and documents.
The Employee agrees not to engage in any work with competitors of the Employer for a period of [Specify duration] after leaving the company.
The final paycheck, including any unpaid vacation days, will be issued to the Employee on the next regular pay date.
This Agreement shall be governed by the laws of the State of California.
[Signature of the Employer]
[Name of the Employer]
[Signature of the Employee]
[Name of the Employee]
Form
Please complete the form below to create the California Severance Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. California Severance Agreement Template 1. Employee Information 2. Employer Information 3. Severance Payment Details 4. Reason for Termination 5. Confidentiality Agreement 6. Non-Disparagement Clause 7. Release of Claims 8. Miscellaneous Provisions 9. Acceptance of Terms 10. Declaration and Signatures
PDF
WORD
California Severance Agreement Template Printable | Editable FormPrintable
