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Severance Agreement Template

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This is a template for a severance agreement that sets for the terms and conditions of an employee’s termination. This agreement specifies the severance pay the employee will receive due to the termination. In addition, this agreement provides the employee a timeframe to consider the agreement as well as providing a timeframe the employee can revoke the agreement after execution. This should be used by small businesses or other entities that want to provide severance pay for terminated employees.

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