Three clauses that we see in just about every severance agreement – breach/injunction, counterparts, and no additional payments are described below. Breach / Injunction Nearly every severance agreement we see has a “breach/injunction” clause. Employers insert this clause for a few reasons. First of all, it sounds scary. It very
1. EXPERTISE IN SEVERANCE AGREEMENTS A severance agreement (sometimes called a “separation agreement” or “separation agreement and general release”) is a contract. Much like wills, real estate sales agreements and prenuptial agreements are specialized contracts, so too are severance agreements. You should expect a severance lawyer in NYC to have
Many employees think their former employer is doing them a favor by giving them a severance agreement. The truth is, you are not receiving severance as a thank you. There are many reasons employers send employees out the door with a severance package, and some of those reasons are not
Most people think that severance agreements are pretty simple – that their (former) employer is giving them money to go away peacefully after termination of employment. But this oversimplified thinking can have real consequences. Your severance agreement contains provisions that can limit your rights and opportunities in the future. These provisions not only
Hi, my name is Alex Granovsky and I’m the managing member of Granovsky & Sundaresh. We’re an employment law firm in New York City with a specific sub-specialty with severance agreements. When it comes to severance agreements, by far the question we are asked the most is: “If I negotiate
Hi, my name is Alex Granovsky and I am the Managing Member of Granovsky & Sundaresh. We’re an employment law firm with offices in New York and Ohio, and we specialize, in particular, in severance agreements. In a series of videos, what I’m going to do is describe some of
Hi, my name is Alex Granovsky and I’m the Managing Member of Granovsky&Sundaresh. We’re an employment law firm that specializes not only employment law, but we have a subspecialty in severance agreements. In this video I’m going to talk about one particular common section in severance agreements that gets a
Hi, my name is Alex Granovsky and I’m the Managing Member of Granovsky & Sundaresh. We’re a law firm with a specialty in labor and employment law. In this video I’m going to go over a very common section of severance agreements called the non-disparagement clause. We get a lot
Hi, my name is Alex Granovsky and I’m the Managing Member of Granovsky & Sundaresh. We’re a law firm that specializes in severance agreements. One of the most frequent questions I’m asked, as an employment lawyer, is “what’s the deal with the 21 and 7 day consideration or vacation period
Often, when an employee is terminated, he or she will be asked to sign a severance agreement. Is this you? Don’t be too fast to sign – one of our NYC severance agreement lawyers can help you. Severance agreements can be very simple — after all, they are a simple
