HyperDic: severance_agreement

English > 1 sense of the expression *severance agreement*:
NOUN	communication	severance agreement	an agreement on the terms on which an employee will leave

English > *severance agreement*: 1 sense > noun 1, communication
Meaning	An agreement on the terms on which an employee will leave.
Narrower	golden handshake	A lucrative severance agreement offered to an employee (usually as an incentive to retire)
Broader	agreement, understanding	The statement (oral or written) of an exchange of promises