Questions Concerning Severance & Separation Agreements
One topic I get a lot of questions about is severance and separation agreements. Generally, severance refers to giving an exiting employee a monetary bonus or settlement above and beyond their regular compensation. A separation agreement usually refers to an agreement wherein the exiting employee promises not to sue, file a regulatory agency complaint, take [...]
Attorney Feedback On My July 6, 2007, Post
In response to my July 6, 2007, post concerning a prospective client’ s questions regarding employee severance and separation agreements, Pennsylvania employment attorney Michael Moore posted the following comment: Your comment about “precedent” is right on point for a number of reasons. First, even if your separation agreement includes a confidentiality clause, the information always [...]
Prospective Client Inquires About Severance & Separation Agreements
A prospective client asked me about separation and severance agreements. More specifically, the company asked about terminating a long time employee (who’s also over 40 years old), and if they should offer this individual a severance and/or have them sign a separation agreement. Generally speaking, whenever I’m asked about employment agreements (e.g., severance, separation, hiring, [...]
