Understanding Severance Agreements: Why am I Being Offered Severance Pay?

What is a Severance Agreement? A severance agreement is a legal contract between an employer and a departing employee that outlines the terms of separation, including any post-employment compensation or obligations. These agreements are often presented at the end of employment—whether due to layoffs, restructuring, or mutual separation—and typically include a release of legal claims […]

Should I Sign My Severance Agreement?

Severance pay might seem like a take-it-or-leave-it offer, but often times it’s not. If you’ve been offered a severance agreement, don’t assume the terms are final or that signing quickly is in your best interest. Depending on the circumstances of your termination, you may have significant leverage to negotiate better terms. Why Severance Agreements Exist […]

Are you eligible for COBRA?

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Within the realms of employment and health insurance coverage lies an important statute—the Consolidated Omnibus Budget Reconciliation Act—which is typically referred to by its commonly-known acronym, “COBRA.” The COBRA law protects employees by providing for continued health insurance coverage after their employment ends or changes. Knowing your COBRA rights is important so that you do […]