Severance Pay: Fred Gets Handed a Separation Agreement
He started with the company almost 35 years ago. It took a while to work his way up to the top, but he made it and is pulling in a salary north of $200k a year, with five weeks of paid vacation, a big bonus and numerous other benefits.
But something just changed. Fred got a call from HR yesterday and was handed a separation agreement.
This came as a complete shock to Fred. It was unexpected and unfair after all these years of hard work. After all, he has a family who depend on him. Even though he makes a lot, his expenses are high with tuition, mortgage and what about that bonus?
Fred has a lot of questions. Should he just sign the severance package? Can he negotiate? Is the severance pay fair? He needs help navigating this tricky situation.
Luckily for Fred, the employment attorneys at the Ottinger Firm can help. We’ve been dealing with severance cases just like Fred’s since 1999 in New York, and 2009 in San Francisco.
We charge a flat fee of $500 for a severance review and consultation. Should you then need us to negotiate further with your employer we charge a further flat fee depending on your circumstances.