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Michael Ball and partner Jennifer Downsizer discuss employment and severance agreements, focusing on hidden traps and recent updates. They delve into the anatomy of an employment agreement, including employee duties, compensation, termination compensation, and post-termination covenants. These covenants may include agreements to arbitrate, confidentiality, non-compete, non-disparagement, and non-solicitation clauses. It is important to understand and carefully consider these aspects when entering into employment agreements.