A severance agreement, also sometimes referred to as a ‘termination agreement’ or a ‘separation agreement’, governs the terms under which an employee leaves their position with an employer. As a general matter, employees are not automatically guaranteed severance benefits as a matter of state law or federal law. Instead, a severance agreement is negotiated between an employee and the employer.. At The Garner Firm, Radnor severance agreement attorney Adam H. Garner has considerable experience drafting, negotiating, and reviewing a wide range of severance packages. If you have any questions about your severance agreement or severance benefits, please call our legal team today to set up a free and fully confidential review of your case.
Negotiating a Fair Severance Agreement in Radnor, Pennsylvania
Far too often, employees quickly sign severance agreements in order to get their compensation and move forward with their lives. Unfortunately, this can sometimes prove to be a big mistake. While it is understandable to want to move on, it is imperative that you take care to protect your best interests. Employers offer workers severance packages in order to get something in return. If you sign a severance agreement, please remember that you will be giving up something of value to your former company. Most notably, severance agreements typically:
- Address COBRA, unused vacation time, and other employee benefits;
- Require employees to sign a full release of all claims against the employer;
- Contain confidentiality agreements or non-disparagement provisions; and
- May include a non-compete clause or similar type of restrictive covenant.
By their nature, the terms of your severance agreement are negotiable. If your former employer is getting a benefit from you, whether because you are agreeing to release all potential claims or because are signing a non-compete agreement, you need to be certain that you are getting full and fair value for what you are giving up. This is why it is so important to work with an experienced employment law professional. Radnor severance benefits attorney Adam H. Garner can help to draft, negotiate, and review the terms of your agreement. Mr. Garner will ensure that your rights and interests are fully protected.
Contact Our Severance Agreement Lawyer Today
At The Garner Firm, our Radnor severance benefits attorney has extensive experience representing employees throughout Delaware County, Pennsylvania. If you have any questions about severance, please do not hesitate to call us today at (215) 645-5955 to request a free, no strings attached review of your case.