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Layoff Agreement Template

Document Type
Microsoft Word (Editable)
Pages
3
Price: KES 300
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Document Overview

A Layoff Agreement is a formal document that records the mutual understanding between an employer and an employee when the employee’s position is being terminated — usually due to redundancy, downsizing, business restructuring, or financial constraints.

It outlines the reason for the layoff, the effective date, the notice period, and details of any severance pay, benefits, and entitlements.

Purposes of a Layoff Agreement

1. To formally record the terms of employee separation.

2. To ensure compliance with the Employment Act, 2007.

3. To outline notice, severance pay, and final dues.

4. To protect both employer and employee from disputes.

5. To confirm full and final settlement of all obligations.
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