Severance Agreement And Severance Package Review
If your employer has asked you to sign a severance agreement, it is a good idea to discuss it with an employment law attorney first. Once you sign the agreement, it may be impossible to change the terms unless the agreement was improperly drafted or your employer violated your rights.
At Miller Cohen, P.L.C., we represent employees in Michigan in all types of employment law cases. If you quit your job or have been terminated and are asked to sign a severance agreement, speak with one of our lawyers. We have the experience to protect your rights to severance pay and additional benefits. Whether you are signing a contract/employment agreement when starting a new job or a severance agreement after termination, we can negotiate favorable severance package terms. For a free consultation, please call 313-566-4787, 800-221-6021 or contact us online.
Make Sure You Know Your Rights Before You Sign
When employers offer severance agreements to employees, it is usually to get them to waive their rights to any employment law claims against the company. You may be relinquishing critical rights if you sign the agreement without consulting an attorney.
In addition to releasing the company from liability in employment law claims, a severance agreement may include clauses regarding:
- Severance pay
- Pensions or stock options
- Continuation of health care benefits
- Eligibility for unemployment
- Noncompete requirements
These are important issues that will affect your future and the future of your family. Let us review the agreement and explain your rights and options.