This template is a broad-based severance plan, intended to be subject to the Employee Retirement Income Security Act (ERISA), that provides severance benefits to eligible employees whose employment is terminated in specified circumstances. This template includes practical guidance, drafting notes, and optional and alternate clauses. This template is drafted as a severance plan and summary plan description (SPD) intended to meet the SPD requirements of ERISA § 102 (29 U.S.C. § 1022). You can customize the template to tailor the terms of the plan for desired eligibility criteria, benefits, and other plan features. For an executive severance plan, see Severance Plan for Executives. For additional information on drafting severance plans and providing severance benefits, see Severance Plan Design and Drafting, Severance Plan Design Considerations Checklist, Severance Benefit ERISA Considerations Checklist, and other resources in the Severance Benefits Resource Kit. For a full listing of key ...