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An employment agreement is one of the many documents that a new employee might review and sign when hired for a new role. These contracts often include vital information about their employment and determine what a person might expect from a company.
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Key Employee agrees to serve Employer faithfully and to the best of Key Employee's ability and to devote Key Employee's full time, attention and efforts to the business and affairs of Employer during the term of Key Employee's employment.
The process will be different depending on whether the separation is voluntary or involuntary. Voluntary includes an employee quitting on their own terms or retiring. Involuntary is when an employee is asked to leave due to poor performance or other reasons.
A: A separation agreement is a binding legal contract between spouses which temporarily establishes their mutual rights and obligations during the period of separation. It usually covers division of property, responsibility for debts, spousal support, and child custody and child support.