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"termination agreement" is a correct and usable term in written English.
It typically refers to a legal document that outlines the terms of ending an employment or business relationship. For example, "The parties signed a termination agreement in order to end their partnership."
Exact(25)
The city voided its contract with the developer last year, but it was not terminated until Oct. 26, according to the termination agreement.
"Part of my termination agreement is I can't do any harm," the banker said.
Ms. West, who had signed a termination agreement, will receive $1.97 million based on her past salary and incentives.
An employee, as part of a termination agreement, signed a release of all claims against her employer.
"My clients are also being forced to sign a discriminatory termination agreement before they are paid their benefits.
Experts said Mr. Apotheker had what amounts these days to a fairly standard termination agreement for a chief executive.
Similar(35)
It said that approximately 4,000 voluntary employment contract termination agreements had been signed by the end of December.
Like German rivals, BMW said it would negotiate termination agreements with its German employees, a standard approach in this country, where good labor relations are valued.
It is not the job of a Government minister to negotiate or settle the details of individual transactions the banks enter into, including termination agreements for departing executives.
In the takeover context "golden parachutes" generally are understood to be termination agreements providing substantial bonuses and other benefits for managers and certain directors upon a change in control of a company.
Following up on whispers that have been going around Washington for a while, Politico reported on Sunday night that two women who worked with Herman Cain when he was a corporate lobbyist in the late nineteen-nineties had accused him of sexually inappropriate behavior and received financial settlements as part of termination agreements.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com