Sample Employee Severance/Transition Plan Letter
Sample
Employee Severance/Transition Plan Letter
mm/dd/yyyy
Dear {Employee Name},
Our company has decided to transition the operations of “New Company” to “Parent Company” including the technologies and processes for future business operations. This decision eliminates future need for the “New Company” IT organization.
Our transition goal is to accomplish two things:
1. Transition the business operations to the other technology platforms by mm/dd/yyyy.
2. Structure a transition plan to minimize unemployment risk for impacted employees.
Your participation in the ongoing support of your organization’s existing technologies and assistance in the transition projects is needed through mm/dd/yyyy.
We have structured the following transition plan to achieve these objectives.
1. Guaranteed employment. You are guaranteed employment including all salary and benefits to last at least through mm/dd/yyyy provided you meet normal employee performance expectations. If we complete the transition earlier than expected, you will still be compensated through the guaranteed employment date.
2. Retention bonus. A bonus of __% of your annual salary will be paid at the completion of the transition provided you have continued your employment through the transition date or the guaranteed employment date, whichever comes earlier. The bonus will be paid by mm/dd/yyyy.
3. Outplacement support. Outplacement assistance will be provided in the last thirty days of planned employment to help you in your transition to another company.
A. Resume preparation assistance
B. Interviewing coaching assistance
C. Letter of Recommendation from the CIO.
D. Flexibility and time to interview in your last thirty days.
We appreciate your past support and look forward to working with you on a smooth transition of “New Company” technologies and your employment with a new company. Feel free to contact me personally with any questions you might have at {phone number} or {e-mail}.
Sincerely,
{CIO or senior manager in charge of the transition}
________________________________ _________________________________
Employee Name Date Manager Name Date
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