FAQ
Do these templates include state-specific severance laws like New York’s 30-day notice requirement?
No, these are general frameworks. Some templates reference common state requirements, but they aren’t legally tailored to your jurisdiction. Always consult a labor attorney to ensure compliance with local laws, such as New York’s 30-day notice rule or California’s strict non-compete restrictions. The templates help organize clauses but leave legal gaps for professional review.
Can I use these to outline a ‘golden handshake’ for an executive, including stock vesting and deferred bonuses?
Yes, but focus on the structural clauses first—like payout timelines and vesting triggers—then work with an attorney to finalize tax implications and bonus calculations. These templates won’t handle complex financial terms, but they’ll clarify the separation’s core terms so negotiations stay on track. For stock-related details, pair them with your company’s equity vesting documents.
What if the departing employee refuses to sign, but we still want to document the agreed-upon terms?
These templates can serve as a preliminary draft to outline what was discussed, even if unsigned. Label it as a ‘Memorandum of Understanding’ or ‘Termination Summary’ to avoid implying a binding agreement. For enforceable terms, consult legal counsel to explore alternative avenues like a settlement agreement or arbitration clause. The templates help create transparency, but they’re not a substitute for resolving disputes.
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