Executive Severance Agreements
We Help You Understand When Not to Sign a Severance Agreement
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, P.A., 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. Contact us today!
Should I Hire a Severance Agreement Lawyer in Durham?
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. Our severance agreement lawyers can help you seek maximum compensation based on your situation. We have the experience you need to seek justice!
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.
When Not to Sign a Severance Agreement
An individual is not required to sign a severance agreement. You are allowed to not like the terms being offered and want to negotiate for better ones. You may decide against signing the agreement if you intend to file a lawsuit and do not want to accept the benefits offered in exchange for agreeing not to sue. Weigh the pros and cons of accepting or rejecting a severance agreement before deciding whether to sign.
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, P.A., 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 if you're uncertain about it. Call our Lawyers in Durham, NC for help negotiating your executive severance agreement.