A settlement agreement in the context of a termination is a written agreement that establishes the terms and conditions of an employee’s departure & separation from an organization. It will usually cover the compensation structure for any outstanding payments flowing from the employer to the employee upon their termination. Oftentimes, a settlement agreement will be accompanied by a full and final release which is signed by the employee relinquishing any right to file a future claim against their employer with respect to their employment.
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