Things To Consider To Understand Severance Negotiations And Agreement
There are different reason as to why an employee will go through severance from the company, and in most cases when an employee is either terminated, fired, have to end contract or what not and when years of employment is also a case, certain points of severance negotiations and agreements will be in place.
And when the company is faced with these certain situations that will lead to severance of an employee it is an option to offer a package or not according to the company severance policies or from the employment contract.
Now if you are an employee faced with such a scenario or circumstance, whether or not you have severance mentioned or offered by your company, you will still be able to demand for it in legal terms if necessary to relieve you of responsibilities.
You will have to think of the most likeliness that you can get the severance pay or package that is due you, that can be done and negotiated in a quick and easy manner that will not lead anymore to further litigation and the likes.
You have to ensure that you have already in place the severance offer where you have to review the severance package you have been offered and all the details on it, and you can also try to find means as to how you can better negotiate on the offer that will suit you even more on legal grounds.
You have to bear in mind that once the severance agreement is finalized and signed that will only mean that you are giving up any chance of suing the employer in the future, and this is where the importance of having severance attorney help you to review and discuss the agreement first before signing.
By all means, you must understand that in any agreement especially in this kind, confidentiality must be observed and any information be not disclosed at all cost as that can most likely forfeit your severance, and in the event that you are not satisfied with the severance offer or package, you can always have the option to leverage up your demand.
In all aspect, you must be clear with the severance agreement, and all information and provision that are important must be clearly stipulated like the severance pay, particular provisions that will not at all affect your next employment, and some may even include medical benefits and many more.
Since, a severance agreement and negotiation covers quite a huge scope and it will be hard to understand and contemplate on it personally, hence, the help of an attorney, in this case, will always come handy as that will guide you on the best options and will help you manage your understanding in dealing especially with the provisions and your rights for this matter in all angle.