What is a severance agreement?

Charlotte May-06-2023 12:30:40

564 days ago

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A severance agreement is a contract entered into between an employer and an employee when the employee is leaving their employment. The agreement states the terms of severance pay, any benefits the employee may be entitled to, and any restrictions on either party such as non-disclosure or non-compete clauses. It also outlines how the employeeâ€™s leaving is to be handled in order to protect the interests of both parties.

Emilie

9 Ques 1 Ans

answered 22 Aug 2023

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