Proposal Pack / All Templates / Financial - Severance

How do you write a Severance document?

Use this template to create description of severance package being offered or to discuss the issue of using severance package to restructure or downsize company. Provide background on why it is important to discuss severance package now and then write an introduction to the proposed elements of severance package shown below. Severance Payment Amount The amount of severance payout is often described as percentage of the employees typical salary. Describe any important details about this severance payment such as how and when it will be paid. Severance Benefits Describe any benefits health care insurance gifts of stock etc. that the employee will receive in addition to the severance payment. Severance Agreement Insert the legal contract language that the employee must sign to receive the severance package described above. Summary

Insert summary of the discussion presented above and then write " call to action " asking the employee to consider the severance package or asking other readers to provide feedback on the proposed severance package. Provide contact and deadline information as appropriate.