Understanding Severance Agreements
If an employer terminates an employee, they sometimes offer a severance package. This involves signing a severance agreement and receiving severance pay to ease the transition as you search for new employment. However, severance agreements include a lot of legal terms with very specific meanings. It can be difficult to understand exactly what you are signing.
At Aquino Law Firm, we are here to help you. Our founding attorney, Rhonel T. Aquino, has exclusively represented workers’ rights for over two decades. He understands the details of employment and California contract law, and will help you to understand all of the issues regarding a severance agreement. We always provide personalized and honest counsel to our clients in Irvine and Southern California. We are committed to standing up for you.
What A Severance Package Contains
Being let go from a job can be both emotionally and financially stressful. A severance package is supposed to help reduce that stress, but oftentimes it can be the cause of anxiety because of the complex details and wording.
It is important to know exactly what you are signing and agreeing to with a contract. Going over your severance agreement with an experienced lawyer can help ensure you understand your rights. Severance agreements generally include:
- The total amount of severance pay you will receive and how you will receive it
- How long benefits such as health insurance will continue
- Negotiations not to work for a competitor for a set time
- Negotiations not to file a wrongful termination lawsuit
Receiving this information on top of losing your job can be overwhelming. Often, clients simply want to find out if their employment has been terminated properly.
How We Can Help
Aquino Law Firm has the experience and resources available to help you get through this situation. We can help you understand the laws and benefits involved, as well as the rights you may be waiving by signing the agreement.
We are committed to protecting your rights. Therefore, if we find your severance package to be unfair, we can help you negotiate a new agreement. Mr. Aquino has successfully increased the amount of severance pay and brokered reference letters. He has even negotiated a reclassification in the agreement, from termination to resignation.
If you have any questions about your severance agreement or wish to negotiate a better one, we are here to help.