It is proposed to use a jump-noise process in magnetization dynamics equations to account for thermal bath effects. It is shown that in the case of a small jump-noise process, the Landau-Lifshitz and Gilbert damping terms can be analytically derived as deterministic (average) effects caused by the jump-noise process. Simple formulas for the damping constant are derived that relate it to the scattering rate of the jump-noise process and elucidate its dependence on magnetization. Generalized H-theorems for jump-noise-driven magnetization dynamics are presented. Random switching of magnetization caused by the jump-noise process is studied and it is demonstrated that the switching rate has different temperature dependence at relatively high and...