Severance Agreements

Severance Package

At the end of the employment relationship, whether because of a layoff, resignation, or termination, it is often necessary for an employee to consider many important issues, like the continued payment of health benefits and the amount of compensation included as part of a severance package.

While the financial compensation an employer offers is important, an employee needs to understand all of the terms and conditions of a severance package.  Because severance agreements are drafted by employers, they tend to include many non-economic terms that protect the employer.  Most severance agreements require the employee you to waive certain rights, including the right to sue your employer on any grounds.  There may also be a non-compete provision in the agreement that affects an employee’s ability to work in the future.  It is often difficult for an individual employee to fully evaluate the fairness of the severance package offered.

Protecting Employee Rights

The attorneys at GMFM can review your employer’s proposed severance agreement.  Whether you are looking to understand the basic terms in your agreement, determine whether you may have employment-related claims, or obtain a better severance package, GMFM can identify your options and offer solutions.

If you are given a severance agreement to consider, let the experienced attorneys at GMFM fight to protect your rights.  Contact us for an evaluation of your case.