If you are evaluating a severance agreement, you should consider speaking to one of the experienced severance lawyers at Ottinger Employment Lawyers. The video below provides some insight into the key terms in a severance package. We offer a severance agreement review and strategy session for $750. Self help guide to negotiating your own severance package. No time...
Continue ReadingThese tips may help you evaluate your severance package. Each case is different so mileage may vary. It’s a great idea to consult with an experienced New York severance lawyer. 1. What is the severance pay schedule? Many companies will propose a payout in 30 or 45 days after execution of the severance agreement. There is no reason...
Continue ReadingAs a general rule, employment relationships in New York are at-will. Typically, that means you can be terminated for any reason (or even no reason), so long as your employer is not basing the decision on a discriminatory or retaliatory motive. Despite this general rule, many companies offer terminated executives New York severance agreements to ease the transition for...
Continue ReadingThe list below was taken from the Ohio Employers Law Blog written by Jon Hymen. The Ohio Employers Law Blog is written for companies and the ten items listed below are points that companies often include in their severance agreements. If you, as an employee, are provided with a severance agreement, you will probably see similar terms in your severance agreement. The...
Continue ReadingWe get a lot of questions about severance packages. People want to know what is in one and how much money they should contain. New York severance packages vary from company to company and there is no set formula to determine their value. In this article, the New York employment lawyers at Ottinger Employment Lawyers will go over what most...
Continue ReadingSeverance package values tend to track the health of the economy. During good times, companies typically offer more generous severance pay, but values drop during downturns. When people need help the most, companies offer less. This is because companies themselves are often struggling to survive. So what should employees do to protect themselves? First, smart employees save money to...
Continue ReadingRegulators are getting stricter about severance agreements. Read on to learn about how some severance agreements were found to be TOO strict and how to protect yourself when signing one. There are certain claims that you cannot waive in your severance agreement. For example, you cannot waive your EEOC (Equal Employment Opportunity Commission) claims. But your employer can make you...
Continue ReadingA severance package is designed to ease your transition out of the company. Your employer wants to make sure you leave quietly and you want to obtain a cushion to hold yourself over until you find a new job. The points below are important to anyone trying to evaluate a severance offer. If you need assistance, contact our lawyers today. 1. Understand the...
Continue ReadingSeverance Package Negotiation Tips My dog Miller loves to play fetch on the beach. It struck me that playing fetch has some similarities to a severance package negotiation. In this video, you can see Miller playing fetch on the beach and I explain how a severance pay negotiation works. You can read more about severance negotiation tactics below the...
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