San Bernardino California Severance Agreement and Release of Claims is a legally binding contract that outlines the terms and conditions under which an employer and an employee agree to end their employment relationship. This agreement ensures a smooth transition while protecting the interests of both parties involved. The San Bernardino California Severance Agreement and Release of Claims typically include provisions such as severance pay, continuation of certain benefits, non-disclosure and non-compete clauses, and a release of any legal claims. By signing this agreement, the employee agrees not to pursue any legal action against the employer for any claims arising from their employment. There are two common types of San Bernardino California Severance Agreement and Release of Claims: 1. Voluntary Severance Agreement: This type of agreement is entered into when an employee voluntarily chooses to leave the company. It may be due to various reasons such as retirement, career change, or personal circumstances. The agreement ensures that the employee receives certain benefits and protections in exchange for their departure. 2. Involuntary Severance Agreement: This agreement is initiated by the employer when they decide to terminate an employee's employment involuntarily. It may occur due to reasons such as downsizing, company restructuring, or poor performance. The agreement aims to provide the employee with fair compensation and benefits in return for their departure and a release of any potential legal claims. In both types of San Bernardino California Severance Agreement and Release of Claims, the agreement is tailored to meet the specific needs and circumstances of the employee and employer. It is crucial for both parties to review the agreement thoroughly and seek legal counsel before signing to ensure they understand their rights and obligations.