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Work Separation Agreement

oboloo Glossary

Work Separation Agreement

A Work Separation Agreement is a legally binding document that outlines the terms of an employee’s separation from their job. It outlines each party’s rights and obligations, as well as any compensation or benefits they may receive upon termination. The agreement should include information such as the date of separation, any severance payments, benefits eligibility, non-compete clauses and any other stipulations. By signing this agreement, both parties are agreeing to the terms and acknowledging that all conditions contained in the document have been met. With a Work Separation Agreement, employers can ensure that employees are leaving their job on good terms while protecting their own legal interests.

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