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severance agreement

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Noun1.severance agreement - an agreement on the terms on which an employee will leave
agreement, understanding - the statement (oral or written) of an exchange of promises; "they had an agreement that they would not interfere in each other's business"; "there was an understanding between management and the workers"
golden handshake - a lucrative severance agreement offered to an employee (usually as an incentive to retire)


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It maintains that the severance agreement has no legal effect because of Coleman's "misrepresentations and omissions.
The association had alleged that Capurro improperly used Companies funds, resources and insurance for his own benefit or the benefit of his family, according to the severance agreement filed in Washoe County Court and signed by Capurro and transport association directors.
A few important steps should be followed in any severance situation: 1 Understand that a severance agreement is like an insurance policy for the employer.
 
 
 
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