Severance Agreement

Severance agreements are common in the employment arena, especially in the Virginia corporate world and the rest of the country. There are a variety of reasons why an employer may offer a severance agreement to an employee that is leaving, such as: Liability protection, especially for discrimination-based legal claims. Maintaining positive goodwill with a departing […]

Fairfax County is a popular location for many employers, including the federal government and numerous large corporations. With an economy driven by specialized professional services and technology, it’s no wonder that severance agreements are a common part of many workers’ professional lives in this region. In essence, these agreements are straightforward. In exchange for the

When an employee leaves a job, receiving severance pay can be the silver lining in the clouds of unemployment. Sometimes this pay is provided by an employer with no strings attached. But most of the time, receipt of a severance package is a two-way street: the employee has to also agree to certain things that

Getting fired or deciding to leave your job is probably a very difficult moment in your professional life. The good news is that the transition can be made a bit easier if you receive severance pay or other benefits in a severance agreement. But these benefits come at a price: your employer wants something in

Deciding to sign an employment contract like a severance agreement isn’t always an easy decision. Your employer will expect something in return for providing severance pay or other benefits, but how do you know whether you’re getting a good deal? Most often, to get those benefits, you’ll have to agree to a general release, which

Leaving a job can be very stressful, especially when the departure involves signing an employment contract such as a severance agreement. In return for agreeing to do (or not do) certain things, you may be given certain benefits, such as severance pay. But figuring out whether to sign the severance agreement can be a difficult

When employees are caught engaging in illegal or improper behavior, their employers usually fire them. But sometimes, in addition to getting fired, the employee may also get a big payout, in the form of a significant amount of severance pay. Why would a company pay someone for doing something inappropriate? This seemingly illogical scenario generally

Before leaving your current place of employment, you may be asked to sign a severance agreement. In many cases, that agreement will include beneficial terms such as severance pay and extended benefits. Sounds great, right? But in exchange for your benefits, the agreement will also include terms that benefit your employer—at your expense. In some

A severance agreement is one of the more unpleasant employment contracts you may ever be asked to sign. While that agreement could include a hefty payout, it will probably also include several legally binding provisions that can significantly harm your legal rights and your professional career. Look out for these three major ways you might

Have questions about your potential legal case? Our Legal Leverage program has you covered! If you’re leaving your job, you may be asked to sign a severance agreement. In broad terms, a severance agreement is an employment contract where both you and your employer exchange something of value when you leave your employment. For example,