{"iri":"https://folio.openlegalstandard.org/R5qDzrHzzGIroGx977pbjc","label":"Severance Agreement","sub_class_of":["https://folio.openlegalstandard.org/Rhpdjd9p358e9Rkel80dvQ"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R83h4k9Hrvl8nKaSH4G3ry6","https://folio.openlegalstandard.org/RCzvtNXIrDJF8xkmOoc6JKH"],"comment":null,"deprecated":false,"preferred_label":"Employment Separation Agreement","alternative_labels":[],"translations":{"de-de":"Abfindungsvereinbarung","fr-fr":"Accord de rupture conventionnelle","pt-br":"Acordo de rescisão","es-es":"Acuerdo de Separación","es-mx":"Acuerdo de Separación","en-gb":"Severance Agreement","he-il":"הסכם פיצויים","hi-in":"सेवरेंस समझौता","zh-cn":"解除协议","ja-jp":"解雇同意書"},"hidden_label":null,"definition":"An Employment Separation Agreement, also known as a Severance Agreement, is a legally binding document that outlines the terms and conditions under which an employment relationship is terminated. It typically includes details about severance pay, benefits continuation, non-disparagement clauses, non-compete agreements, and other post-employment obligations and rights. This agreement aims to provide clarity and protection for both the employer and the departing employee during the transition out of the company.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}