Claudette is being terminated from her position as the Chief Financial Officer of a private university. She has signed an agreement in which she has agreed not to sue the employer in return for certain benefits. The agreement best exemplifies a _____.
A) separation agreement
B) noncompete agreement
C) nonpiracy agreement
D) clawback agreement

Question

Quizplus · Accepted Answer

The agreement described in the scenario is a separation agreement, which outlines the terms and conditions of an employee's departure from a company, including any severance pay or benefits, and often includes a release of claims against the employer.

Claudette Is Being Terminated from Her Position as the Chief