Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Standard Severance Agreement
"I need a Standard Severance Agreement for a senior software engineer in Singapore who will be terminated due to restructuring, with a termination date of March 15, 2025, including non-compete provisions and extended medical benefits for 6 months."
1. Parties: Identification of employer and employee, including registered addresses
2. Background: Brief context of employment relationship and reason for separation
3. Definitions: Key terms used throughout the agreement
4. Separation Date: Clear statement of employment termination date and final working day
5. Severance Payment: Details of severance package, calculation method, and payment timeline
6. Statutory and Contractual Payments: Treatment of salary, unused leave, and other entitlements
7. Release of Claims: Mutual release of claims and liabilities
8. Confidentiality Obligations: Ongoing duties regarding confidential information
9. Return of Property: Requirements for returning company assets and documents
1. Non-Compete Provisions: Restrictions on future employment - typically used for senior employees or those with access to sensitive information
2. Reference Letter: Terms regarding provision of employment references - included when agreed as part of separation package
3. Outplacement Services: Details of career transition support - included when offering additional support services
4. Medical Benefits Extension: Continuation of health coverage - included when extending medical benefits post-termination
5. Share Options/Awards: Treatment of outstanding equity compensation - included when employee has existing share schemes
1. Schedule 1 - Calculation of Severance Payment: Detailed breakdown of severance payment calculation
2. Schedule 2 - Outstanding Benefits: List of accrued benefits and their treatment
3. Schedule 3 - Company Property: Inventory of items to be returned
4. Appendix A - Form of Release: Standard release form to be signed
5. Appendix B - Reference Letter Template: Agreed format for employment reference
Authors
Company
Confidential Information
Effective Date
Employee
Employment Agreement
Final Payment
Last Day of Employment
Notice Period
Parties
Release
Restricted Period
Severance Payment
Termination Date
Outstanding Benefits
Company Property
Intellectual Property Rights
Surviving Obligations
CPF Contributions
Annual Wage Supplement
Pro-rated Benefits
Accrued Leave
Exit Interview
Reference Letter
Non-Compete Obligations
Non-Solicitation Obligations
Non-Disparagement Obligations
Claims
Governing Law
Jurisdiction
Severance Payment
Final Salary and Benefits
CPF Contributions
Release of Claims
Confidentiality
Non-Disparagement
Non-Compete
Non-Solicitation
Return of Property
Intellectual Property Rights
Reference and Communications
Tax Treatment
Legal Fees
Continuing Obligations
Cooperation
Full and Final Settlement
Acknowledgment
Survivorship
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Notices
Third Party Rights
Waiver
Assignment
Counterparts
Data Protection
Find the exact document you need
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.