Employers in New York are not required to offer severance pay, unless required by contract, but many do so, especially in situations such as a large reduction in force or the termination of a long-term employee. Employers may also offer severance pay as a way to resolve an employment dispute.
Many workers assume a severance package is a non-negotiable offer, but that is rarely the case. The experienced New York City severance agreement attorneys at Xue & Associates, P.C., may be may be able to negotiate a package that includes:
- A monetary payout
- Unused sick and vacation pay
- Continued 401(k) contributions or medical insurance
- Release from a non-compete agreement
Severance Pay Attorney
Severance packages are often offered to employees in exchange for an agreement to forego any legal claims they may have against the company. Our employment law attorneys can review the facts of your case before you accept a severance package to determine if you should forego pursuing your legal claims.
Our lawyers understand that a severance offer is rarely the "take-it-or-leave-it" proposition that companies lead many employees to believe. But you will likely have only a single opportunity to restructure the offer, so it's smart to have our attorneys by your side. We will help you obtain a severance package that is best for yourself and your family — one that positions you for a solid start to the next phase of your career.
Call 212-219-2275 or use the contact form on this website to schedule a meeting. We can review your severance package offer and recommend the best steps to take next.
The material contained in this website is for informational purposes only and is not to be considered legal advice. A lawyer-client relationship is not created by visiting this website. Prior results do not guarantee a similar outcome.
