Document background
The Outplacement Services Severance Agreement is a specialized employment termination document used in the Indian corporate environment when an employer wishes to provide both financial compensation and career transition support to departing employees. This document becomes relevant during corporate restructuring, downsizing, or mutually agreed separations where the organization aims to maintain goodwill while ensuring legal compliance. It combines standard severance provisions required under Indian labor laws with additional outplacement benefits, typically including career counseling, resume writing assistance, job search support, and skills development programs. The agreement is structured to protect both parties' interests while facilitating a smooth transition for the employee into their next professional role, all within the framework of Indian employment and contract law.
