Severance Agreement

If you’ve been presented with a severance agreement, you might be tempted to sign it immediately if its terms appear to be generous. But it might be a good idea to consult with an employment attorney first. Even if you decide not to hire an attorney to review your severance agreement, you should think about […]

In most high‐profile sexual harassment cases, for instance, those against Bill Cosby, Herman Cain (remember him?), and now Harvey Weinstein, there are reports that women have come forward even though they signed a nondisclosure agreement or “gag order” as part of an earlier settlement agreement. Before we examine why people would violate these agreements, let’s

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?

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

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

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