Common Contracts
1 similar Severance Agreement contracts
Severance and Non-Compete/Non-Disclosure Agreements Severance AgreementsSeverance Agreement • May 6th, 2021
Our law firm regularly negotiates severance agreements in Virginia and the District of Columbia. Severance agreements are essentially agreements that compensate an employee in exchange for their departure from an employment position. Most employees are considered “at will,” which means they can resign and/or be terminated at any time. When employment ceases, an employer may offer a severance package to an employee in exchange for the employee’s waiver of right to sue. However, employers, in the absence of an employment contract, generally have no obligation to provide employees severance pay. If severance pay is offered, an employer will offer the employee a Severance Agreement.
