Separation Agreement Review
If you receive a compensation package, you must sign an agreement. It is important to review this agreement before signing it. An employer will ask you to lose your right to claim a right against them and may request additional commitments, such as. B if you do not work for a competitor in the sector, if you do not recruit your clients or hire your staff. If you are at home with a drink in your hand, you will find that the departure agreement advises you to seek the advice of an advisor. Yes, of course, you think. That`s exactly what I can do now that I`m unemployed. Give a lawyer a $2,000 to $5,000 retainer to advise me if I should sign an agreement that promises to give me a monthly salary that would be somewhere between $3800 and $5600 gross for the average worker. In some severance agreements, for example. B, which provides for the release of a potential right to discrimination on the basis of age, the law provides that the worker has at least 21 days to review the severance agreement before signing it. It is very common for an employer to offer a termination agreement to an outgoing worker (also known as a „separation agreement”). But employees need to be careful – severance agreements contain important provisions that can significantly affect your rights.
Be sure to take the time to review the agreement before signing it. Don`t feel pressured to sign the separation contract at the office. Take it home and check carefully and consider getting legal advice. Our law firm offers assessment and advice which is a quick and affordable way to get a legal opinion on your separation agreement. Lawyers in our office regularly consult with outgoing employees who try to understand the terms of their compensation agreements. If you have been presented with a severance agreement, you can contact our office for a free confidential consultation and learn more about the specific provisions of your severance agreement. For a free 15-minute interview with a California labour specialist, click here or call us at (310) 824-3828. Protect your rights. Do you know what you sign before you take out a severance package! If you have any questions about severance agreements, please contact the labour law officer, John C. Holden, of the law firm Holden. Call 952-836-2640 or email John@holdenlawfirm.com. Your employer very soon has just provided you with severance pay.
After verification, you may be happy to be about to get money, but you have questions: As a general rule, employees can look for a job after signing severance agreements.