Severance Agreements
Severance Agreements are common when a company terminates a person’s employment. It is important for an employee to consult legal counsel to review the agreements to determine if the agreement is fair and reasonable and negotiate new terms if necessary.
In addition to maximizing the severance and benefits that are offered, there are other critical issues to consider which might be as important, if not more so, than the compensation, such as:
- non-competes or other post-employment restrictive covenants
- payment of earned bonuses
- medical benefits
- COBRA
- retirement benefits and stock options
Case + Sedey, LLC will make sure employees understand the conditions of the severance agreement, evaluate the severance benefits, ascertain ways the severance package might be improved, determine what leverage the employee might have, and develop a plan of action.
Contact Us Today ›Related Articles
Thinking of Quitting? You May Want to Think Again
The Legal Drawbacks of Quitting
To an employee in a bad work environment, quitting seems like an appealing option. Maybe a new boss has joined the company and is stifling your opportunity to advance, holding you to unrealistic expectations, subjecting you to unjustified performance scrutiny, or some combination of any or all of the above. Maybe a coworker or supervisor is …
How to Handle a Termination
Notes for Employees Who Have Been Notified that They’re Being Fired
