Almost everyone who calls us about New York severance agreements is only interested in the bottom line – i.e the money. To be sure, the money is very important. That being said, money is not the only important aspect of New York severance agreements. Below, we discuss some of the
ANOTHER BLOG POST BASED ON A CALLER QUESTION: CAN I STILL GET SEVERANCE IF I QUIT MY JOB? SHORT ANSWER: MAYBE. Unless you have a contract, there is no obligation to give you any severance. If an employer does give you a severance, it is to get you to agree
One of the most common questions we get is: How do I improve my severance agreement? There is no simple answer, but below, we outline the five-step process we undertake in every severance negotiation. While every situation is different and there are many considerations that go into every negotiation, the
So you just received a severance agreement. What should you do next?
Here are some frequently asked questions about severance, and the answers to those questions. Q1. Will I be blackballed if I ask for/negotiate my severance? A. While it is possible, being blackballed simply for seeking to improve your situation is not plausible. In all of my years of practice, I
EXPLAIN MY SEVERANCE: WHAT IS IT? The Release is your promise not to sue the company. The release is part of the consideration that you give the company in exchange for severance. EXPLAIN MY SEVERANCE: NOT TO SUE FOR WHAT? You promise not to sue for pretty much anything that
EXPLAIN MY SEVERANCE: WHAT IS IT? The Neutral Reference is a promise by your employer that, if someone calls in for a reference, the employer will only provide certain information. Typically, this information is limited to the term of your employment and positions held. Sometimes, albeit rarely, a neutral reference
EXPLAIN MY SEVERANCE: WHAT IS IT? The Non-disparagement clause is your promise not to say bad things about the company. Non-disparagement is part of the consideration that you give the company in exchange for severance. EXPLAIN MY SEVERANCE: WHAT CAN AND CAN’T I DO? While every agreement is different, generally,
EXPLAIN MY SEVERANCE: WHAT IS IT? The Non-admission clause is a statement by your former employer that, even though they are paying you a severance, they are not admitting to anything. In addition to non-admission, the company usually also expressly denies having done anything wrong. EXPLAIN MY SEVERANCE: WHAT DOES
EXPLAIN MY SEVERANCE: WHAT IS IT? The No Consideration Absent Execution Clause makes clear that the money (or other consideration) the employee gets pursuant to a severance agreement is separate and apart from anything else the employee is otherwise entitled to. For any contract (and severance agreements are contracts) to
