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Michael Ball and Jennifer Downsizer discuss employment and severance agreements, focusing on avoiding hidden traps, recent updates, and significant matters. They highlight key restrictive covenants in such agreements, including duties, compensation, termination clauses, and post-termination agreements such as arbitration, confidentiality, non-compete, non-disparagement, and non-solicitation clauses. The discussion covers the importance of clearly outlining employee duties and compensation, as well as the potential implications of post-termination covenants.