severance agreement

NOUN
  1. an agreement on the terms on which an employee will leave
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How To Use severance agreement In A Sentence

  • Cain has insisted he only knew of one complaint, and says he knew of no legal settlements--only what he calls a severance agreement with one woman. Breaking News: CBS News
  • The trade union federation is demanding that a list of 30 companies slated for closure be covered by a severance agreement.
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