Termination Agreement

 Termination Agreement is a legal agreement between an Employee and an Employer drafted to specify the terms of the termination of the employee. A Termination Agreement is an agreement between Employer and Employee. It governs the rights, responsibilities and benefits of the parties arising from the termination of the employee. Employee termination is the process by which an organization ends an individual's employment. The decision to terminate an employee varies widely and can include such factors as downsizing, breach of company policy, or poor performance.