severance agreement
Departure terms document
A severance agreement is a contract between an employer and a departing employee, typically offering compensation or benefits in exchange for certain conditions—often including a release of legal claims against the company and confidentiality provisions.
She negotiated a better severance agreement before signing.
The terms usually specify a lump sum or continued salary payments, extended health coverage, and restrictions on what the former employee can say or do.
- severance payCompensation upon job termination
- contract lawRules governing binding agreements
- labor lawRules governing work conditions
- exit interviewDeparting worker's feedback session
- clean breakComplete, uncomplicated severance
mutual agreement · mediation · golden parachute · garden leave · walking papers · employment law · at-will employment · non-compete clauses · arbitration · enforceability · litigation · wrongful termination · confidentiality agreements · grievance procedure · workforce reduction · unemployment benefits · legal remedies · probationary periods
- employee paperworkemployment contract, W-2, tax forms, pay stubs, benefits enrollment
- contractsbinding contracts, contract length, lease, clause, contract terms
- legal documentscontract, affidavit, deed, will, subpoena
severance agreementemployment contract
Binding job terms document
offer letter · job offer · employment agreement · appointment letter · contract renewal
severance agreementresignation letter
Document announcing job departure
voluntary resignation · two weeks notice · letter of resignation · quit notice · two weeks' notice
sever, severe, several, severity, severally, severed, severing, severs, agree