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Web a severance package refers to the funds or benefits provided to employees who have to unwillingly leave their job. Web employees age 40 or older must be given 21 days to consider the employer’s offer, unless it is part of a group termination. In exchange for the release and covenant not to sue set forth below, the employer will pay employee the severance benefit, subject to the terms and conditions. Ad get access to our collection of 2,000+ business & legal document templates.

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