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Severance Agreement Mutual Non Disparagement
"I need a Severance Agreement Mutual Non Disparagement for a senior software engineer leaving our tech startup, with a six-month severance package and continued health benefits until March 2025, ensuring protection of our intellectual property and trade secrets."
1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Context of employment termination and purpose of agreement
3. Definitions: Key terms used throughout the agreement
4. Severance Payment: Amount, timing, and conditions of severance payment
5. Mutual Non-Disparagement: Terms of mutual agreement not to make negative statements, including carve-outs for legally protected communications
6. Release of Claims: Employee's waiver of legal claims against employer, including specific reference to federal and state laws
7. Confidentiality: Terms regarding maintaining confidentiality of agreement and company information
8. Governing Law: Specification of applicable jurisdiction and choice of law
1. Outplacement Services: Details of career transition support services provided by the employer
2. COBRA Continuation: Terms of continued health benefits and payment of COBRA premiums
3. Return of Company Property: Process and timeline for returning company assets and verification procedure
4. Post-Employment References: Terms regarding future employment references and authorized company contacts
5. Equity Compensation: Treatment of stock options, RSUs, or other equity compensation
1. Schedule A - Severance Calculation: Detailed breakdown of severance payment calculation including base salary, bonuses, and deductions
2. Schedule B - Employee Benefits Summary: Comprehensive list of benefits and their continuation terms post-employment
3. Appendix 1 - OWBPA Disclosure: Required age discrimination disclosure for group terminations including eligibility factors and time limits
4. Appendix 2 - Release of Claims Details: Detailed list of specific claims being released and those preserved by law
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