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 after execution of the severance agreement. There is no reason...
Continue ReadingAs 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 severance agreements to ease the transition for...
Continue ReadingRegulators are getting stricter about severance agreements. Read on to learn about how some severance agreements were found to be TOO strict and how to protect yourself when signing one. There are certain claims that you cannot waive in your severance agreement. For example, you cannot waive your EEOC (Equal Employment Opportunity Commission) claims. But your employer can make you...
Continue ReadingSeverance Package Negotiation Tips My dog Miller loves to play fetch on the beach. It struck me that playing fetch has some similarities to a severance package negotiation. In this video, you can see Miller playing fetch on the beach and I explain how a severance pay negotiation works. You can read more about severance negotiation tactics below the...
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