Termination and Separation Policy Template

This termination and separation policy template has 3 pages and is a MS Word file type listed under our human resources documents.

Sample of our termination and separation policy template:

TERMINATION & SEPARATION POLICY INTRODUCTION The Termination and Separation Policy of [COMPANY NAME] outlines the guidelines and procedures for the termination of employment or separation from the company. This Policy is designed to ensure that all terminations and separations are conducted professionally, consistently, and in compliance with applicable laws and regulations. PURPOSE The purpose of this Policy is to: Define the reasons and circumstances under which employment may be terminated. Outline the procedures for conducting terminations and separations. Ensure that the rights and interests of both the company and departing employees are protected. TERMINATION CATEGORIES Voluntary Terminations Employees who choose to leave the company voluntarily must provide notice in accordance with their employment contract or local labor laws. Involuntary Terminations Involuntary terminations may occur for various reasons, including but not limited to performance issues, violations of company policies, economic conditions, or restructuring. Retirement Employees who reach the company's retirement age or meet retirement criteria outlined in company policies may retire with appropriate notice. NOTICE AND SEVERANCE Employees who are terminated involuntarily may be provided with notice in accordance with their employment contract or applicable labor laws. Severance pay and benefits may be provided to eligible employees as outlined in company policies, employment contracts, or collective bargaining agreements. MANAGEMENT FINAL PAY AND BENEFITS Departing employees will receive their final pay, including any outstanding wages, accrued vacation or PTO, and any other entitlements, as required by applicable laws and company policies.