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The content of a deed between an employer (company) and (former) employee (or injured worker) need not only be restricted to a release from actual or potential claims. There is a wide range of matters that can potentially form the content of a deed.eeds of release, within the context of normal employment, are commonly used to finalise contentious (read: quarrelsome, disputed, highly controversial, most often litigious !) matters between employers and (former) employees.
Generally speaking, there are only two situations when an employer is legally required to offer severance pay. First, some states have laws that require employers to offer terminated employees severance pay when their terminations are due to a facility closing or the company is laying off a large number of employees.