Austin Severance Agreement Attorneys
If you have been offered a severance package by your employer, the employment attorneys at Terry, Simon & Kelly can assist you in many ways:
- helping you understand the terms of the package
- helping you determine if the terms you have been offered are fair and reasonable
- helping you determine whether to release your claims against your employer in exchange for the severance benefits offered
- helping you to secure a more favorable package through negotiation with your employer
Almost every severance package offer comes with strings attached: to get your severance benefits, you must sign a document stating that you will not bring a lawsuit against your employer. This is, In almost every instance, the main reason your employer has offered you a severance package. The employer may also want you to give up other rights in exchange for severance benefits, such as the right to work for a competitor or the right to use information that you obtained while you were employed with the employer.
To assist you in determining whether to give up your legal claims in exchange for severance benefits, the employment attorneys at Terry, Simon & Kelly can help you to understand the possible value of your legal claims, and can assist you in deciding whether accepting a severance is the best decision.
In addition, if you are over 40, your employer is required to include certain terms in your severance package, including advising you to consult with an attorney, and giving you at least twenty-one and, in some circumstances, up to 45 days to consider the package. If these and other required terms are not included in the package, the release that you sign may not be enforceable against you for certain kinds of claims. We can analyze your severance package to help you to determine whether it meets the requirements of the Older Workers’ Benefits Protection Act.
Contact Our Severance Agreement Lawyer
The employment attorneys at Terry, Simon & Kelly have years of experience in reviewing and negotiating employment agreements, including severance packages. If your employer has offered you a severance package, we can assist you reviewing the terms and in negotiating a more favorable resolution. Contact us today by clicking here to schedule a consultation.