Secure The Bag: Tips on Negotiating a Severance Agreement
Being fired can be tough. From the financial strain to the uncertainty of days ahead, it is easy to see why many people would be grateful for their former employer offering anything to assist them in their transitional phase. A severance agreement can offer the benefit of some semblance of continuity. However, there are key elements to look out for when offered a severance.
Look To Preserve Your Rights
Most agreements will include a provision in which you sign away your right to challenge your dismissal in court in exchange for your severance package. Be wary of signing agreements such as these especially if you believe your dismissal was discriminatory in nature. Signing an agreement such as this could bar you from initiating a complaint with your local or federal agency at a later date.
Choose Your Forum
Employers want control of where they litigate employment claims if they have to litigate. This could be detrimental to an employee who wants to take advantage considerations which could benefit the employee. For example, an employer can choose arbitration vs. court; which could have significant consequences on the outcome of the claim.
Negotiate Pay & Benefits
One purpose of a severance agreement is to provide a financial bridge for unforeseen circumstances. A less obvious purpose is to alleviate your employer of any wrongdoing concerning your employment. Your employer may present the Agreement as a ‘take it or leave it’ proposition; however, it is wise to negotiate your exit. In this regard, an experienced employment attorney could be useful to negotiate pay and benefits. If you have been offered a severance agreement or think that you deserve a severance, contact the Mosaic Law Firm to help you get what you deserve.
If you need a Severance Agreement Attorney or an attorney for other Employment Law matters call Mosaic Law Firm at (407) 675-3249 or (202) 508-8249. Our Orlando Employment Law Attorneys and Washington DC Employment Law Attorneys are ready to assist you.