Making Sure You Get The Right Severance Package
Understand your rights. We always recommend that individuals consult with one of our experienced employment law attorneys before signing a severance agreement. We will assess your work situation and best advise you regarding your rights. At Thatcher Law Firm, we resolve many of our clients’ employment circumstances through the negotiation of settlement packages, often without the need to file an Equal Employment Opportunity Commission (EEOC) complaint or formal lawsuit. By the time your workplace problem reaches a tipping point necessitating a lawyer, the relationship may not be salvageable, at which time it makes sense for you to plan an exit on the most favorable terms. Under the Older Workers Benefit Protection Act, if you are over the age of 40, you are legally entitled to at least 21 days to review any severance agreement, and you have the right to consult with a lawyer. To learn how a severance agreement might represent an effective approach to your job situation, contact an experienced employment law attorney at our Greenbelt, Maryland, office.
Trusted Attorneys Standing Up For Your Rights
In negotiating a severance agreement, we address factors that go beyond the bottom line in protecting your interests and career prospects to the greatest extent possible. Among the considerations that we can negotiate on your behalf are the following:
- Salary in an amount that will cover the minimum length of time that it will reasonably take you to find comparable employment elsewhere
- Unpaid vacation, commission, sick leave or other elements of your compensation
- Full or partial release from any noncompete covenant, confidentiality agreement or other contract terms you might have signed with the employer
- Health insurance coverage for yourself and your family
- Strict control of the language of any reference or contacts you might need from your employer while seeking other work
Some of our new clients have already received severance offers by the time they consult with us for the first time. We will review the terms of the proposed agreement and give you an honest evaluation of the terms and our ability to improve them. Our starting point, of course, is the legal strength of your potential claims against your employer. Therefore, we make an exhaustive review of your rights and prospects of success in court before making any firm recommendations.
Our proven experience with employment litigation and negotiated severance packages also indicates that your leverage might improve or decline with the quality of the evidence we can find and present on your behalf in court. We have a good feel for identifying the point in a case at which your claim is at its maximum value, and we keep you closely informed as to the strength of your case, as it might change at different stages. The decision to accept a severance agreement is ultimately your own, but we give you the best information and advice possible to guide your decisions at each step of your case.
Contact Us Today To Learn More
For additional information about our ability to represent your interests effectively in the negotiation of a strong severance package, contact a lawyer at Thatcher Law Firm by calling 301-850-1246. Our attorneys represent clients in Maryland, Virginia and the District of Columbia.