BlogContractsEmploymentEmployee Severance Agreement: Non Compete, Waiver of All General and Specific Employment Related Claims,

March 8, 2023by Jeffrey Davis

Firing an employee can be a tricky thing especially when you’re firing a hot-headed potentially volatile employee. If you fire an employee they may end up suing you for some frivolous harassment or discrimination claim. The best way to protect yourself is to pay them a severance and have them sign a severance agreement. You pay them money and they waive all potential claims against you and your company. The sample severance agreement below is a comprehensive 13 page contract with all the bells and whistles including a comprehensive discussion about the general and specific claims the employee is waiving, and other restrictive post-employment provisions you may want to consider so that your employee doesn’t open up a competing business down the street from you. This contract can absolutely be shortened to accommodate your specific business’s needs. It’s a great form to use though, especially when you’re trying to understand your options for firing an employee and protecting your business.

Employee Severance Agreement

© 2021 Jeffrey Davis

All rights reserved. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and email. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until we establish an attorney-client relationship. This site constitutes ATTORNEY ADVERTISING. Past results are no guarantee of future success.

Our Offices

New York City Office:

152 Madison Ave, 14th Fl
New York, NY,10016
Phone: (914) 293 6352

Westchester Office:

600 Mamaroneck Ave, 4th Fl
Harrison, NY 10528
Phone: (914) 293-6352

Get Updates