Severance Agreements In Washington State

 When an employee of a Washington business decides to leave or is fired, the employee may be offered a severance agreement (also known as a separation and release agreement). A severance agreement establishes the terms of the employee’s departure from the company and typically includes severance pay for the departing employee.Note: Severance pay is not required in Washington State, but rather is a voluntary benefit provided by employers at their discretion.The main reason severance agreements are appealing to departing employees is clear—additional compensation. But the reasons why employers use severance agreements are often more complex and varied. This post will look at a handful of the most common reasons employers use severance agreements. The Employer Wants To Avoid Being SuedOften the biggest reason for employers to use a separation agreement is to ensure they won’t be sued by a…

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