Severance Negotiations
Severance packages typically consist of severance pay and a severance agreement. Severance pay includes compensation and benefits provided to an employee upon the termination of their employment. It’s essential to ensure you receive fair compensation during this critical time. The severance agreement is the legal document the departing employee needs to sign to receive the severance pay. Severance agreements typically define the severance pay and include provisions requiring confidentiality, non-disparagement, and a release of claims against the employer. Because severance agreements include a release of potential legal claims, it is important to seek legal advice before signing.
In many cases, it may be appropriate to negotiate the amount of severance pay, the terms of the severance agreement, or both. Our attorneys have extensive experience in negotiating severance agreements. We’ve successfully represented executives, high wage earners, and employees across various industries. We recognize that each situation is unique. Our team tailors our services to your specific needs, ensuring personalized attention and strategic advice.
If you have received a severance agreement and want to speak with our attorneys regarding a potential negotiation or review of your situation, call our office or click here to request our help.
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