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. 

Severance Negotiations are a must for many employees who have been involuntarily terminated or find themselves in an untenable employment situation.  Negotiating a severance package that will bridge the gap until new employment is obtained is one way to make this significant transition much easier. While employers generally are not required by law to pay employees severance pay or benefits upon termination of the employment relationship, many have written severance plans which may entitle an employee to benefits.  Many employers also offer severance in exchange for the release of legal claims.

The Case Law Firm, LLC., will make sure an employee understands the conditions of a 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.  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.