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    Severance Agreement and Separation Agreement

    A severance agreement provides the benefits that an employer will provide to an employee upon the separation of the employee from the company. The severance benefit may depend on whether the employer was terminated for cause or without cause, or whether the employer resigned for a good reason or without a good reason. For executives, an employer may offer additional benefits, such as an accelerated vesting of stock options, upon a change of control in the company.

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    Severance Agreement and Separation Agreement