What does severance agreement mean?
Definitions for severance agreement
sev·er·ance agree·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word severance agreement.
Princeton's WordNet
severance agreementnoun
an agreement on the terms on which an employee will leave
ChatGPT
severance agreement
A severance agreement is a legally-binding contract between an employer and an employee that specifies the terms of the employee's termination, such as the reasons for dismissal, payments or benefits the employee will receive, and any obligations or restrictions applied to both parties. This agreement often includes provisions for confidentiality, non-disparagement, or non-competition. In exchange for signing such an agreement, the employee typically receives compensation beyond what they are entitled to by law.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of severance agreement in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of severance agreement in Pythagorean Numerology is: 9
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"severance agreement." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/severance+agreement>.
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