What if you’re asked to sign a severance form at termination?
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A separation or severance agreement or release is a contract between an employer and an employee who is about to leave the employer's employment. In a typical agreement, the employer agrees to give the employee additional compensation (the severance pay) in eWhat if you’re asked to sign a severance form at termination?
A separation or severance agreement or release is a contract between an employer and an employee who is about to leave the employer's employment. In a typical agreement, the employer agrees to give the employee additional compensation (the severance pay) in exchange for the outgoing employee's agreement not to sue the employer for any employment-related claims such as wrongful termination or back wages. Employers are notrequired by law to provide any severance pay to their employees, regardless of whether the end of employment is due to a resignation, a firing, or a layoff. Even if an employee has worked for several years for the same employer, the employer is still not ...Keep on reading: What if you’re asked to sign a severance form at termination? Read more