Termination benefits refer to the compensation and benefits provided to employees when their employment is ended, either voluntarily or involuntarily. These benefits can include severance pay, unused vacation days, and health insurance coverage for a specified period. The purpose of termination benefits is to support employees during their transition to new employment. Employers may offer termination benefits as part of their employment contracts or company policies. The specific terms and amounts can vary widely based on factors such as the employee's length of service, company policies, and local labor laws. Understanding these benefits is important for both employees and employers.