This Severance Agreement (the “Agreement”) is made as of the day of , 20 , by and between , a (State of Incorporation) (Entity type; i.e., corporation, LLC, etc) , (the “Company”) and (the “Employee,” and collectively, the “Parties”).
WHEREAS, Company and Employee have determined that is in their mutual best interests that Employee’s employment relationship with Company be severed;
NOW, THEREFORE, for and in consideration of the mutual covenants herein contained and other good and valuable consideration, the Parties hereby agree as follows:
1. Termination Date. The Parties agree that as of , 20 (the “Termination Date”), the employment relationship between Employee and Company will be terminated.
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