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SEVERANCE AGREEMENT THIS AGREEMENT IS STRICTLY CONFIDENTIAL This Severance Agreement (“Agreement “) is made by and between (“CO “) and, (“Employee “, and with CO, sometimes collectively
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01
Read the severance agreement carefully to understand its terms and conditions.
02
Fill in your personal information such as your name, address, and contact information.
03
Clearly state the reason for the severance agreement, including any termination or resignation details.
04
Include any specific terms regarding payment, benefits, or packages being offered as part of the severance agreement.
05
Specify the effective date of the agreement and any deadlines for acceptance.
06
Sign and date the severance agreement.
07
Keep a copy of the filled-out severance agreement for your records.

Who needs severance agreement this agreement?

01
Any employee who is leaving a company due to termination, resignation, or mutual agreement may need a severance agreement.
02
Employers may also require employees to sign a severance agreement to protect their interests and ensure compliance with certain terms and conditions.
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A severance agreement is a contract between an employer and an employee that outlines the terms of separation, including any benefits or compensation the employee will receive.
The employer is typically required to provide the severance agreement to the employee for review and signature.
The severance agreement should be carefully reviewed by the employee, and any terms or conditions should be negotiated if necessary before signing.
The purpose of a severance agreement is to protect both the employer and the employee by clearly outlining the terms of the separation.
The severance agreement should include details such as the amount of severance pay, any benefits the employee will receive, and any restrictions on the employee's future employment.
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