If your agreement last year has not been verified by a lawyer, now is the time to get there. Termination agreements are not a “One Size Fits All” tool. If the worker is under 40 years of age, there is no fixed period for signing the severance pay. However, the time given to an employee becomes a factor that a court considers in determining whether waiving Title VII, the Americans with Disabilities Act (ADA), or other non-ADEA claims are “knowingly and intentional.” Generally speaking, the more time an employer offers, the stronger the employer`s position. If you offer the right of withdrawal to employees under the age of 40 and they do not exercise this right, this is obviously useful in finding that the waiver was knowingly and voluntary – the standard for Waivers of Title VII and the ADA. A set of redundancy payments for workers over 40 must contain information on the Age Discrimination in Employment Act, which protects workers over 40 from age discrimination. If you`re using a template for workers over 40, make sure it makes it clear that the dismissal has nothing to do with their age. A severance pay agreement is a contract between an employer and an employee that contains rules and guidelines relating to the dismissal of a worker. A model termination contract should contain details, for example. B how much salary the employee is entitled to after dismissal, when benefits are suspended, etc. The decision made me think of my clients who included these additional safeguards in agreements for employees under the age of 40, although they didn`t have to. .