Layoffs and terminations are difficult for employees to process, especially on their own. You do not have to go through this alone. We are committed to assisting employees understand their rights in these scenarios.
Severance agreements are intricate and should be examined by an experienced lawyer. Do not make the mistake of signing your agreement without a proper review first.
Severance Contracts are contracts drafted by an Employer towards the end of a relationship with their Employee. A severance agreement can at times be called a separation agreement, termination contract, waiver, and release of claims agreement, in addition to other similarly phrased terms. This agreement will typically ask the Employee to promise not to bring any future lawsuits against their past employer. For the agreement to legal, there must be consideration; in other words, there needs to be an exchange of some sort of value between the parties. Typically this means a lump sum payment to the Employee and in exchange a host of promises made by the Employee to their Employer.
About every severance contract will have a clause that suggests the Employee to seek legal assistance. Put differently, the Employer to affording the Employee the ability to first get the guidance of an attorney before signing the contract.
Not all Employers will offer such contracts and in general, each industry or company will have distinct methods for drafting such agreements. However, the amount offered will usually depend primarily on the length of employment (how many years you worked there) and the current rate of pay or salary.
A California employer can not ask an employee to waive claims pertaining to:
Often, these agreements need to be signed within a few days. We understand the time constraints and the importance of examining all options before making a decision. We will carefully evaluate your contract and provide honest and valuable recommendations about the next steps to take in your specific situation.
Signing a severance contract typically includes accepting a general release of all claims, which means if you sign this agreement, you can not pursue any legal claims like wrongful termination in the future.
A severance contract is a legal contract between an employee and employer that explains each party's responsibilities and rights when an employee is terminated. The contract may include a severance package that includes compensation and benefits for a specific period of time. It may also include stipulations for employee termination and a confidential separation contract that records your specific rights and responsibilities.
Your future goals need to be considered before signing any severance agreement. Our law firm will assist you comprehend the specific conditions of your contract and explain the advantages and disadvantages of signing.
We represent employees throughout the surrounding areas in Southern California. Do not wait to contact us to start discussing your situation. Our employment attorney will provide personal attention and confidential recommendations you can trust.
If you have been asked to sign a severance agreement, we will meet with you and go over what your employer has presented in a safe and confidential environment. Please call us or contact us online to schedule a free case evaluation.
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