Severance Agreements - Ending an Employment Relationship Appropriately with Sound Legal Advice
Many employers using severance agreements to limit litigation risk and to assist employees with a transition to another position. When you are terminated - whether involuntarily, as part of a reduction-in-force or organizational restructuring - and presented with a severance agreement to review and sign, it's important to consider your legal options promptly. While negotiating a severance agreement can feel like a daunting task, especially when you're already dealing with the emotions and stresses of a job loss or a layoff, there are certain key steps that all employees should follow, which includes seeking representation from a skilled lawyer who is familiar with employment laws. In simple terms, a severance agreement is a legal document that outlines the terms and conditions of your departure as an employee from a company. It typically includes severance pay and other terms in exchange for your agreement to waive and release your employer from any and all claims. Often, thes...