tiktok成人版

All Countries
Severance Contract

Severance Contract Template for Australia

Create a bespoke document in minutes, 聽or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Severance Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

Severance Contract

"I need a Severance Contract for a senior software developer who is being made redundant due to operational restructuring, with a 3-month notice period starting March 1, 2025, including standard non-compete provisions and accelerated vesting of share options."

Celebrated by
Collaborations with
Investors
Document background
A Severance Contract is a crucial document used in Australian employment relations when terminating employment relationships, particularly in cases of redundancy, mutual separation, or negotiated exits. This agreement is designed to comply with Australian federal and state employment laws, including the Fair Work Act 2009 and relevant state legislation. It is typically used when an employer wishes to provide a formal framework for employment termination that includes additional benefits beyond statutory minimums, while securing certain protections such as confidentiality and release of claims. The document comprehensively addresses payment terms, timing, tax implications, ongoing obligations, and mutual releases, providing clarity and certainty for both parties while minimizing the risk of future disputes.
Suggested Sections

1. Parties: Identifies the employer and employee entering into the agreement

2. Background: Sets out the context of the employment relationship and reason for separation

3. Definitions: Defines key terms used throughout the agreement

4. Termination Date: Specifies the official end date of employment

5. Severance Payment: Details the severance amount, calculation method, and payment timing

6. Other Entitlements: Lists other payments such as accrued leave, outstanding wages, and superannuation

7. Tax Treatment: Explains tax handling of various payment components

8. Release and Waiver: Mutual release of claims between parties

9. Confidentiality: Ongoing confidentiality obligations regarding company information

10. Return of Property: Requirements for returning company property

11. References: Agreement on handling of employment references

12. General Provisions: Standard legal provisions including governing law, entire agreement, and amendments

Optional Sections

1. Restraint of Trade: Non-compete and non-solicitation provisions, used when protecting business interests is crucial

2. Intellectual Property: Provisions for IP created during employment, used when IP is significant to the role

3. Equity/Shares: Treatment of any share-based compensation, used when employee has equity arrangements

4. Ongoing Assistance: Terms for transition support or future assistance, used when handover is complex

5. Garden Leave: Terms of any garden leave period, used when immediate departure is not desired

6. Medical Benefits: Continuation of health benefits if applicable, used for senior executives

7. Outplacement Services: Details of career transition support, used in redundancy situations

8. Directors Resignation: Required for employees who held director positions

Suggested Schedules

1. Schedule 1 - Payment Calculation: Detailed breakdown of severance payment calculation

2. Schedule 2 - Company Property: Itemized list of company property to be returned

3. Schedule 3 - Restraint Provisions: Detailed terms of restraint including geographical areas and time periods

4. Schedule 4 - Final Release Deed: Formal deed of release to be signed upon payment

5. Schedule 5 - Statutory Declaration: Employee declaration regarding return of property and compliance

6. Schedule 6 - Communications Plan: Agreed internal and external communications regarding departure

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



















































Clauses








































Relevant Industries

Financial Services

Technology

Manufacturing

Professional Services

Healthcare

Mining and Resources

Retail

Construction

Education

Telecommunications

Energy

Transportation and Logistics

Media and Entertainment

Relevant Teams

Human Resources

Legal

Finance

Operations

Information Technology

Sales

Marketing

Research and Development

Customer Service

Administration

Product Development

Engineering

Business Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

General Manager

Department Head

Senior Manager

Project Manager

Technical Lead

Senior Professional

Regional Manager

Branch Manager

Account Director

Senior Consultant

Department Manager

Program Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Severance Offer Letter

An Australian-compliant formal document outlining severance terms, conditions, and compensation offered to an employee upon employment termination.

find out more

Non Disparagement Employment Agreement

An Australian employment agreement establishing non-disparagement obligations between employer and employee, governed by Australian employment law including the Fair Work Act 2009.

find out more

Executive Severance Agreement

An Australian law agreement defining terms and conditions for executive employment separation, including severance benefits and post-employment obligations.

find out more

Executive Separation Agreement

An Australian law-governed agreement setting out terms and conditions for executive employment separation, including financial settlements, obligations, and mutual releases.

find out more

Severance Letter

An Australian employment document that formally communicates and documents the terms of an employee's separation from employment, including termination details and entitlements.

find out more

Mutual Termination Agreement Employment

An Australian law-compliant agreement documenting the mutual consent to terminate employment, including termination terms and final entitlements.

find out more

Separation And Severance Agreement

An Australian law-governed agreement that formalizes employee departure terms, including severance payments, obligations, and mutual releases.

find out more

Independent Contractor Severance Agreement

An Australian law-governed agreement that formalizes the termination of an independent contractor relationship, including separation terms and mutual obligations.

find out more

Severance Contract

An Australian law-compliant agreement that formalizes employment termination terms, including severance payments and mutual obligations between employer and employee.

find out more

Voluntary Severance Agreement

An Australian law-compliant agreement documenting voluntary employment termination terms, including severance payments and mutual obligations between employer and employee.

find out more

Mutual Severance Agreement

An Australian-law governed agreement establishing mutually agreed terms for employment termination, including severance payments and releases.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 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 拢1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.