The initial severance agreements proffered to separating employees often contain terms that are overly favorable to the employer and do not provide adequate consideration for the employee’s execution of the agreement. Depending on the circumstances, an employer may be required to allow an employee 21 or 45 days to consider the terms of a proposed severance agreement. Even when there is no legal obligation for the employer to allow such a consideration period, it’s usually a good idea for the employee to delay signing the proposed agreement until after an attorney has the opportunity to review it. An experienced employment lawyer may point out serious concerns that the employee may not have known to address. Additionally, consulting with a knowledgeable employment lawyer may help the employee identify opportunities to improve the terms of the proposed severance agreement.
We invite you to contact us if you would like us to review a proposed severance agreement.