Although the economy is strong now, layoffs are still a reality in many industries. When you are hit with a layoff, your employer will probably offer you some kind of severance package to make things easier.
During much of CEO Les Moonves' tenure at CBS Corp., CBS has been America's most popular broadcast network. Hits like "The Big Bang Theory" and "NCIS" helped make Moonves one of the industry's highest-paid and most powerful executives. He has now resigned from the network after a new round of allegations were brought against him by six women who worked with him in the past.
Back in February, Frederick Community College announced that its new president had departed the institution due to "philosophical differences." The man, who had served only about six months as the community college's president, left his post after the college's board of trustees held a closed meeting on Jan. 3.
Drafting and negotiating a severance agreement is a very complex process. If you are separating from your employer, it is generally in your best interest to have any severance agreements reviewed by an employment law attorney. Often, these documents contain a general release in favor of the employer. So, by signing the agreement, you may actually be waiving your right to bring a claim.