Severance Packages to Protect the Employer and Employee Against Future Claims
Both the employer and employee should usually have a proposed severance agreement reviewed by an experienced and knowledgeable NJ employment law attorney.
As an employee, you may be waiving claims you are not aware of, and more importantly, are not required to waive. As an employer, you may not be addressing key issues to avoid a future lawsuit by a former employee.
Severance packages are being offered by employers more and more these days for many reasons, including the prevention of litigation, avoidance of adverse publicity, theft of customers by employees, a general company policy of fairness, or because a company is contractually obligated by contract or handbook. As an employee, you may be acquiring new and unfair obligations as a result of signing a severance agreement.
A proper evaluation of the circumstances surrounding an employee’s termination or separation may reveal that it is more appropriate to pursue settlement discussions instead of defending potential litigation.
When you need assistance with a severance agreement, our firm is here for you. Contact Fredrick P. Niemann, Esq. at firstname.lastname@example.org, or call him today at (855) 376-5291.
Written by Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a New Jersey Employment Law Attorney