The Separation Agreement Addendum Template serves as a crucial tool for employers and employees in the United States who need to modify their existing separation terms. This document typically becomes necessary when circumstances change after the original separation agreement is signed, such as modifications to payment schedules, benefits continuation, or post-employment obligations. The template ensures compliance with federal regulations including ADEA and OWBPA, while providing flexibility to address state-specific requirements. Common uses include extending benefit periods, adjusting severance payments, or adding/modifying restrictive covenants. The addendum must carefully preserve the validity of the original agreement while clearly stating the intended modifications.
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1. Parties: Identification of the parties to the addendum, referencing the original separation agreement
2. Background/Recitals: Reference to original agreement, reason for addendum, and intent of parties
3. Definitions: Key terms used in the addendum, including reference to definitions from original agreement
4. Modifications: Specific changes or additions to the original agreement
5. Effect on Original Agreement: Statement confirming all other terms of original agreement remain in force
6. Governing Law: Jurisdiction governing the addendum
7. Execution: Signature blocks and date of execution
1. Additional Compensation: Modified or additional severance terms applicable when changing financial arrangements
2. Extended Benefits: Changes to benefits continuation provisions applicable when modifying insurance or benefits terms
3. Modified Release Provisions: Changes to release of claims applicable when expanding or limiting release scope
4. Additional Restrictive Covenants: New or modified non-compete or non-solicitation terms applicable when adding post-employment restrictions
1. Schedule A - Modified Payment Terms: Detailed breakdown of any revised payment arrangements
2. Schedule B - Revised Benefits Summary: Updated list of continued benefits and duration
3. Schedule C - Additional Release Terms: Any supplemental release provisions
4. Schedule D - Modified Restrictive Covenants: Details of any changes to non-compete or confidentiality terms
Relevant legal definitions
Original Agreement
Effective Date
Modified Separation Date
Additional Consideration
Extended Benefits Period
Supplemental Release
Modified Severance Payment
Additional Restrictive Period
Parties
Company
Employee
Modified Terms
Surviving Provisions
Additional Confidential Information
Extended Non-Compete Period
Supplemental Claims
Modified Payment Schedule
Additional Benefits
Revised Obligations
Acknowledgment Date
Effective Date
Modified Separation Date
Additional Consideration
Extended Benefits Period
Supplemental Release
Modified Severance Payment
Additional Restrictive Period
Parties
Company
Employee
Modified Terms
Surviving Provisions
Additional Confidential Information
Extended Non-Compete Period
Supplemental Claims
Modified Payment Schedule
Additional Benefits
Revised Obligations
Acknowledgment Date
Clauses
Recitals
Modifications
Consideration
Release of Claims
Severance Payment
Benefits Continuation
Non-Competition
Non-Solicitation
Confidentiality
Non-Disparagement
Return of Property
Cooperation
Tax Matters
Acknowledgments
Amendment
Integration
Survival
Governing Law
Severability
Notices
Assignment
Execution
Modifications
Consideration
Release of Claims
Severance Payment
Benefits Continuation
Non-Competition
Non-Solicitation
Confidentiality
Non-Disparagement
Return of Property
Cooperation
Tax Matters
Acknowledgments
Amendment
Integration
Survival
Governing Law
Severability
Notices
Assignment
Execution
Relevant Industries
Relevant Teams
Relevant Roles
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