A New York Standard Clause to be incorporated into a New York-compliant separation agreement (also commonly referred to as a severance agreement) between an employer and a departing employee specifying terms of the employee's separation from employment, including a release of legal claims against the employer in exchange for a benefit. This Standard Clause is drafted in favor of the employer. It is based on New York law and is intended for use with employees or businesses located in New York. This Standard Clause has integrated notes with important explanations and drafting tips.