Our lawyers can provide you with a thorough review of your New York Severance Package and can assist you in negotiating with your former employer to change or improve the terms of the severance agreement.
There is no law in New York or New York City requiring an employer to provide you with severance pay. However, it is common for in New York to be offered a separation agreement in the event that your employment is terminated without cause or as part of a reduction in force.
Our lawyers will inform you with the benefits and risks of the severance agreement. We provide you with a list of all of the terms that need to be changed and will draft alternate language to substitute in the severance agreement to help protect you. We will provide you with a list of all the changes that need to be made and will provide you with enough ammunition to negotiate an enhanced severance package on your own.
Severance Packages in New York are permitted to prohibit you from competing with your former employer and to prevent you from soliciting any customers or other employees. Although you may be told that the Severance Agreement is a form, that does not mean that it is beneficial to you or that it cannot be changed. A Severance Agreement is binding for many years and could impact your ability to find work. Accordingly, we highly recommend that you contact a skilled severance lawyer to review and negotiate your severance agreement.
Our firm provides these services on a flat rate. We offer two different options: (1) we will review the agreement, meet with you to discuss the agreement in detail, and provide you with a list of items that should be changed; and (2) we will negotiate with your former employer to improve/change the terms of your severance agreement.
Our lawyers can review your agreement and meet with you within 24 hours of receipt. Please call us as soon as possible because the agreement will expire.