Document background
The Severance Release Agreement is a crucial document in Canadian employment law used when terminating employment relationships on a without-cause basis. It serves to document the terms of separation while obtaining a release of claims from the employee in exchange for severance compensation that typically exceeds statutory minimums. The agreement must comply with federal and provincial employment standards, including minimum notice and severance requirements, while also addressing common law entitlements. It's particularly important in protecting employers from future claims while ensuring employees receive fair compensation. The document typically includes provisions for severance payment, benefits continuation, confidentiality obligations, and release of claims. This agreement requires careful drafting to ensure enforceability under Canadian law and should account for specific provincial requirements where applicable.
