Executive Severance Agreements

Skilled Durham Employment Lawyers

In an executive role, you are typically required to follow more contractual obligations post-employment than lower level employees. A severance agreement in the event of a layoff needs to reflect these added responsibilities. Determining what constitutes a fair severance can be difficult. At Kornbluth Ginsberg Law Group, our Durham employment attorneys have reviewed numerous severance agreements and helped clients push for the compensation they deserve.

Add extra weight to your severance negotiations with an experienced attorney by your side.

There’s More to a Severance Agreement Than Money

Even if you believe the compensation in your settlement offer is fair, there are still certain factors that should not be overlooked. It’s not unusual for employers to include non-compete clauses and other stipulations that might limit your potential for future employment.

When reviewing your severance agreement, be sure to review the following:

  • Any stipulations forbidding you from working with a competitor
  • How long your insurance benefits will last after termination
  • Your legal rights— In most cases, signing a severance agreement forfeits your rights to sue over termination
  • The value of the severance pay in relation to your previous salary
  • Any rules that could allow the employer to sue you if you break them

Language in legal documents is not always as cut and dry as it could be. If there are any aspects of your severance agreement that you do not fully understand or agree with then you should speak with an attorney. These issues could end up hurting you later on if not addressed before signing.

Get Help Making the Deal You Deserve

In many cases, just having an attorney read over your agreement can make a big difference in the final outcome. At Kornbluth Ginsberg Law Group, our first priority is protecting the client’s best interests. After learning more about you, your position, and what you hope to do next, we can help you negotiate a suitable severance agreement that addresses your most important criteria.

Never sign an agreement you’re uncertain about. Call our Durham employment attorneys today at (919) 336-1932 for help negotiating your executive severance agreement.

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