Colorado severance agreement templateSeverance Agreement • May 2nd, 2021
Contract Type FiledMay 2nd, 2021A severance agreement is a contract between an employer and an employee that contains rules and guidelines for when an employee is terminated. A severance agreement template should include details like how much pay the employee will be entitled to after termination, when benefits will be discontinued, etc.Below is a sample severance agreement for you to copy and paste, a free severance agreement template download, and more information about severance packages. SEVERANCE AGREEMENT This Severance Agreement (the “Agreement”) is made on this day of , 20 , between [Employer] with its principal place of business located at [Employer Place of Business] (the "Employer") and [Employee Name], located at [Employee Place of Residence] (the "Employee"), (sometimes collectively referred to as the "Parties"). In consideration of covenants and agreements contained herein, the parties hereto agree to the following terms and conditions. 1. Severance In exchange for the release and covenant not to sue se