Severance Pay

The Ottinger Firm, PC » Blog » Severance Pay

Six Key Points to Consider when Reviewing a Severance Agreement

By | September 15th, 2015|Categories: Severance Pay|

These tips may help you evaluate your severance package.   Each case is different so mileage may vary.   It's a great idea to consult with an experienced New York severance lawyer. 1. What is the severance pay schedule? Many companies will propose a payout in 30 or 45 days [...]

Comments Off on Six Key Points to Consider when Reviewing a Severance Agreement

New York Severance Agreements

By | July 13th, 2015|Categories: Severance Pay|

 New York Severance Agreements As a general rule, employment relationships in New York are at-will. Typically, that means you can be terminated for any reason (or even no reason), so long as your employer is not basing the decision on a discriminatory or retaliatory motive. Despite this general rule, many companies offer terminated executives New York [...]

Comments Off on New York Severance Agreements

10 Things Companies Want in Their Severance Agreements

By | April 9th, 2015|Categories: Severance Pay|

The list below was taken from the Ohio Employers Law Blog written by Jon Hymen. The Ohio Employers Law Blog is written for companies and the ten items listed below are points that companies often include in their severance agreements. If you, as an employee, are provided with a severance agreement, you will probably see similar [...]

Comments Off on 10 Things Companies Want in Their Severance Agreements

What Is In A New York Severance Package?

By | April 9th, 2015|Categories: Severance Pay|

We get a lot of questions about severance packages. People want to know what is in one and how much money they should contain. New York severance packages vary from company to company and there is no set formula to determine their value. Most severance packages in NY, however, usually contain some or all of the [...]

Comments Off on What Is In A New York Severance Package?

Severance Package Values in New York

By | April 9th, 2015|Categories: Severance Pay|

Severance package values tend to track the health of the economy. During good times, companies typically offer more generous severance pay, but values drop during downturns.   When people need help the most, companies offer less. This is because companies themselves are often struggling to survive. So what should employees do to protect themselves? First, smart [...]

Comments Off on Severance Package Values in New York