Should I Sign My Severance Agreement

As tempting as it may be, do NOT sign this severance package without receiving legal advice. Below are only five (out of the infinite number) reasons that you should not sign a starting offer without legal advice: 2. Read and understand the conditions. Most people switch to the section that says how much money they get when they sign the deal, and then sign on the points line. Most agreements have many more conditions, and when the employer develops the agreement, it should be clear that they are skewed to the employer`s benefit. Consider some of these questions that arise regularly: can you apply for unemployment benefit? Are you bound by a non-compete clause? Will the employer give you a positive reference? Only an in-depth reading of the terms will answer these questions. Your legal rights depend on it. Any severance pay or other compensation paid to the worker is subject to the applicable source rights of the federal, state or local income and employment tax. A: There are a number of things you should do when you are told you`re fired. A starting offer is a contract usually developed by the employer`s lawyers or the staff team to reduce its financial and legal risk. I check, design and negotiate severance agreements and support workers who have been dismissed or dismissed.

Many workers will have to deal with this situation during their careers. Good employment practices tell workers that they do not meet the employer`s expectations. The employee benefits from a performance improvement plan or progressive discipline and time to correct his or her behaviour. In situations where the size of the business is reduced, the employer should also inform workers that their position is eliminated. However, many employers do not always treat workers fairly. If you work for an employer that treats you badly and you assume that you are fired, or if you have been fired and have not given legitimate reasons to resign, you should seek a lawyer from an employment professional to see if you can negotiate a termination contract. The severance contract should also include all accrued but unpaid wages, OTPs or leave, which normally must be paid on the last day of employment or a few days after. The employer`s instructions or the staff manual should be reviewed to determine what might be owed. Nolo press has been a good adviser to unrepresented parties since I started law school.

Here is a brief article from Nolo Press on the wisdom of signing severance contracts with links to labour law professionals near you. Here`s another good article on the aol Jobs website that covers additional concerns that you should address with your employer.