This legal concept allows parties to an employment contract to stipulate severance terms that would provide either more or less severance

This legal concept allows parties to an employment contract to stipulate severance terms that would provide either more or less severance than a court would award if called upon to do so in the absence of such a stipulation. What is ____________________________________?

Expert Solution

Severance package . This is included in the employment contract which gives the employees the right to demand compensation for severance. Severance package may include some extra perks and benefits or some percentage of the employee's last year salary.

Hence, the Severance package is the legal concept that lows parties to an employment contract to stipulate severance terms that would provide either more or less severance than a court would award if called upon to do so in the absence of such a stipulation.

Rahul Sunny answered 2 years ago

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