What is another word for severance agreement?
Pronunciation: [sˈɛvəɹəns ɐɡɹˈiːmənt] (IPA) 
A severance agreement is a legally binding document used to outline the terms and conditions of an employer's departure from their organization. This agreement can be referred to using different terms that accurately capture its function, such as a separation agreement, termination agreement, exit agreement, or settlement agreement. A separation agreement typically includes a release of claims against the employer, while a termination agreement outlines the details of the employee's abrupt departure. An exit agreement is focused on the separation process, while a settlement agreement is typically used to resolve disputes between the employer and employee. Regardless of the specific term used, all of these agreements offer a way to ensure that the employer-employee relationship is terminated with clarity and fairness.
