An Employee Exit Plan Template is a document created by an employer that outlines the process for employees leaving employment at the company. The template provides a way to ensure consistency in exit process and allows both the employee and employer to be aware of the various steps and procedures associated with termination of employment. It is important for employers to be aware of the specific laws in their jurisdiction related to terminating employees in order to avoid any potential legal repercussions. The template should also include policies regarding how to handle any remaining payments or benefits owed to the departing employee.