Severance agreements often have clauses that dictate where and how to resolve any legal disputes that may arise from the severance package itself. Note that these clauses address a separate issue than the terms that involve the mutual or general release of claims, which govern potential lawsuits resulting from the employee’s period of employment or […]
Well, it’s official: you’ve just signed your severance agreement. On the upside, you probably received something you really wanted from it, like a cash payment or an agreement that you’ll get a neutral reference for prospective employers. But do you fully understand what your former employer expects of you in return for those severance benefits?
Conduct After Signing a Severance Agreement Read More »
If you’re a business executive, corporate officer, sales associate, or just an employee with significant influence over other employees and company customers, there’s a good chance you’re subject to a nonsolicitation agreement. But what is a nonsolicitation agreement? And why do you have to be careful not to violate it when using social media? We’ll
Bad news: your employer just told you that you’re going to be terminated, whether it’s due to poor performance, company downsizing, or just because (one of the pitfalls of at-will employment). With any luck, you may have been offered a severance agreement. But how do you get what you want out of that agreement with
Negotiating a Severance: Asking for What YOU Want Read More »
You’re leaving your job, and you’ve been offered a severance agreement—but should you take it? How do you even decide? Whatever got you to this place, we’re sorry that you’re going through the difficult process of finding and transitioning to new employment. But before you cut ties with your old job, it is important that
Options When You Are Offered a Severance Agreement Read More »
So, your employer has offered you a severance agreement. That is good news! Or, if not exactly good news, it is at least a silver lining to a bad situation. A severance agreement offer means that your former employer is willing to ease your period of unemployment while you search for a new position. A
Two primary provisions form the basis of your severance agreement: your severance pay and the general release you agree to. Whatever severance agreement you received or would like to negotiate for likely contains several other meaty provisions, but these “Big Two” will greatly influence whether you’ll sign the agreement, reject it, or negotiate for better
Severance Agreement Overview Read More »
