After more than four hours of negotiations with Turkish President Recep Tayyip Erdogan, Pence said the objective of his high-level mission was to end the bloodshed caused by Turkey's invasion of Syria, and remained silent on whether the agreement amounted to another abandonment of the U.S.'s former Kurdish allies in the fight against the Islamic State.
"The Turkish side will pause Operation Peace Spring in order to allow for the withdrawal of YPG forces from the safe zone for 120 hours".
"Operation Peace Spring" will be seized for five days, Foreign Minister Melvut Cavusoglu announced.
Pence's mission came a day after the White House made public a letter Trump had sent to Erdogan on October 9 urging the Turkish leader to make a deal with the Syrian Kurdish militias that are the target of Ankara's military operation.
Mr Pence said United States forces in the region had already begun to facilitate a safe disengagement of YPG units.
Another part of the agreement involves the "collection" of all heavy arms from the YPG (key force of the Kurdish-led SDF) and destruction of their positions in the area. Cavusoglu said Turkey had given no commitments about Kobani.
The US, Turkey and Kurdish forces agreed Thursday to a five-day cease-fire in the Turks' attacks on Kurdish fighters in northern Syria to allow the Kurds to withdraw to roughly 20 miles away from the Turkish border.
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He also said that Turkey intends to pursue its initial strategy and create a 32-kilometer deep "safe zone" along its border with Syria stretching from the Euphrates River to Syria's border with Iraq.
Israeli officials, among them Netanyahu, have condemned Turkey's military operation and voiced support for the Kurds, but have not criticized US President Donald Trump's decision to withdraw US troops.
The deal was a major contribution to relations between North Atlantic Treaty Organisation allies Turkey and the United States, which have become strained in recent months.
Speaking after a high-level delegation of United States officials met with Turkish President Recep Tayyip Erdogan in Ankara, Mr Pence said the deal is a testament to the strong relationship between the two countries. The Turkish military operation would end once that withdrawal was complete.
Trump had defended his move on Wednesday as "strategically brilliant".
Mr Pence's mission was to persuade Mr Erdogan to halt the internationally condemned offensive, but Turkish officials had said before the meeting began that the action would continue regardless. He said he thought Pence and Erdogan would have a successful meeting, but warned of sanctions and tariffs that "will be devastating to Turkey's economy" otherwise.