A _____ is an agreement in which a terminated employee agrees not to sue the employer in exchange for specified benefits, such as additional severance pay or other consideration.
A) clawback agreement
B) separation agreement
C) noncompete agreement
D) nonpiracy agreement

Question

Quizplus · Accepted Answer

A separation agreement is a legal document that outlines the terms of separation between an employer and employee. It generally includes details on severance pay, benefits, COBRA coverage, and obligations of both parties. It may also include a release of claims section, in which the employee agrees not to sue the employer in exchange for certain benefits.

A _____ Is an Agreement in Which a Terminated Employee