When your employer lays you off, you want to negotiate the best severance package. Many workers do not understand that they have some leverage even after their job gets terminated. If you face layoffs at your job or want to prepare for the worst-case scenario,...
severance agreements
Severance agreement requirements for older departing employees
If you are 40 years of age or older and are leaving your job involuntarily, your employer may provide you with a severance agreement to sign. Severance agreements for older departing employees must adhere to certain regulations established by the EEOC and other...
Seeking the best severance package
Accepting a new job offer or losing a job may be difficult times to negotiate the terms of leaving employment. However, the separation package contained in severance agreements can dictate financial and professional futures and should contain certain terms. A...
Should an employee sign a severance agreement?
When an employee is terminated, an employer may offer a severance agreement that sets forth pay and benefits in return for a worker surrendering something, such as the right to sue. Some things should be carefully considered when employers propose severance...
Reacting to a job loss
Suddenly losing a job may have a substantial financial and emotional impact. It is important to act quickly, or substantial benefits and rights may be loss. Negotiating effective severance agreements may be important. Employees who are laid off and did nothing wrong...
Getting a severance agreement after layoffs
Employees subject to lay-offs and other terminations are dealing with a multitude of emotions and insecurity while promptly clearing out their desk. During this stressful event, and even earlier in companies that are restructuring or engaged in layoffs, employees...
Important parts of a severance agreement
Receiving notice of a job termination and packing up and leaving a workplace for the last time provides little time to consider and review a severance package, especially under emotional duress. Some important matters, however, should be carefully considered when...
Signing a severance agreement at termination
Ending a job, voluntarily or involuntarily, may include stress and important decisions. Many times, employers ask departing employees to sign separation or severance agreements. Before signing, an employee should consider several matters. A severance agreement is a...
Agreeing to a severance buyout
Recently, major corporations such as General Motors, Verizon and Pfizer have announced employee buyouts for the end of this year. These buyouts illustrate the emotional and financial considerations that accompany their decision to enter severance agreements. This...
CBS CEO severance package instructive
CBS CEO Les Moonves resigned on Sept. 9 after numerous sexual harassment allegations. Despite these serious charges, he may leave the network with a $120 million severance package. It is reported that CBS will donate $20 million of his financial settlement to...