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Hi, I'm Matt Lockaby, managing partner of Lockaby PLLC in Lexington, Kentucky, specializing in labor, employment, and workplace law. We assist employees and employers with employment contracts, including non-compete agreements and severance agreements. Today, we'll focus on severance or separation agreements, which outline the end of employment between an employee and employer. This can occur due to termination, mutual separation, or organizational changes like layoffs or plant closures. In a typical severance agreement, the employer provides a monetary benefit to the employee.
