Cooney Law Offices P.S.

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Severance Agreement Archives

Should I Sign That Severance Agreement?

Sometimes when an employee is leaving their job they are asked to sign a severance agreement by their employer. A severance agreement is a contract between an employee and an employer which spells out the rights and responsibilities of both sides in the event the position is terminated. The severance agreement will contain language regarding the amount of severance pay the employee is entitled to in exchange for signing the agreement, and the circumstances under which that pay can be withheld or rescinded if there is a violation of the agreement.

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