What is a Severance Agreement?
Do I need an Attorney for a Severance Agreement?
Nearly every severance agreement will have a clause that advises the Employee to seek legal advice. Put differently, the Employer to affording the Employee the ability to first get the advice of an attorney before signing the contract.
What is the average amount offered to an Employee in a Severance Agreement?
Not all Employers will offer such contracts and in general each industry or company will have unique methods towards drafting such agreements. However the amount offered will generally depend primarily on the length of employment (how many years you worked there) and the current rate of pay or salary.
What rights am I releasing?
A California employer cannot ask an employee to waive claims pertaining to:
- Minimum wage
- Unemployment insurance benefits
- Workers’ Compensation benefits.
A severance agreement containing a general release of claims including any of the above is not enforceable. Eldessouky Law has successfully negotiated significantly higher payouts with respect to severance agreements. In addition to obtaining more money for our clients.