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Definitions and Synonyms of severance agreement | Another word for severance agreement | What is severance agreement?

Definition 1: an agreement on the terms on which an employee will leave - [noun denoting communication]

(severance agreement is a kind of ...) 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"

(... is a kind of severance agreement ) a lucrative severance agreement offered to an employee (usually as an incentive to retire)

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