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 […]