To limit liability, employers frequently offer severance to departing employees. Generally, employers offer severance when the employment termination is involuntary or the employee is part of a reduction in force.
In offering severance, the employer typically will present the departing employee with a severance or separation agreement, which generally requires the employee to release any and all claims against the employer in exchange for the severance payment. As such, it is vital that departing employees know their rights when presented with severance agreements.
The Law Office of Frank A. Custode, LLC assists departing employees with the review and negotiation of severance agreements, and represents employees in litigation involving severance agreements.