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Termination Agreements

A Termination Agreement is an agreement between Employer and Employee. It governs the rights, responsibilities and benefits of the parties arising from the termination of the employee. Employee termination is the process by which an organization ends an individual's employment. A termination agreement (also referred to as a separation agreement) refers to an arrangement between an employer and an employee in which the employee agrees to terminate employment voluntarily. The employee waives his or her right to challenge the termination or to sue the employer under all state and federal laws and union or civil service protections in return for some type of consideration by the employer - usually a severance payment or some other monetary benefit.