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In this video, Matt Lockaby, managing partner of Lockaby PLLC in Lexington, Kentucky, discusses severance and separation agreements. These agreements are documents that outline the terms of an employee's exit from a company, which can occur due to termination, mutual agreement, or corporate restructuring, such as layoffs. Typically, a severance agreement includes a benefit from the employer, often in the form of wages, to the employee as part of the separation process. Lockaby emphasizes his firm's expertise in reviewing various employment contracts, focusing specifically on severance agreements in this tutorial.
