Fairfield Township Severance Agreement Attorney

Fairfield Township Severance Agreements

Severance Agreements: Protect Your Rights

Severance agreements can waive critical legal rights, including the right to sue your employer. Consulting an experienced employment lawyer before signing is crucial. Castronovo & McKinney, LLC safeguards employee rights at all employment stages. These agreements often favor employers, so we ensure your rights remain protected. Contact us for a thorough evaluation of your severance agreement.

What is a Severance Agreement?

A severance agreement outlines the rights and obligations of both employer and employee during job termination. These agreements typically protect the employer’s interests and may include:

  • Non-disclosure Clause: Restricts the employee from revealing termination details or confidential company information.
  • Non-compete Clause: Prevents the employee from joining a competitor or starting a similar business.
  • Non-disparagement Agreement: Prohibits negative remarks about the employer.
  • Right to Sue: Often requires employees to relinquish their right to sue the employer in exchange for a severance package.

Given these implications, employees should have their agreements reviewed by a skilled employment attorney to ensure their rights are protected.

Key Elements of a Severance Agreement

Severance agreements are tailored to individual circumstances but should include essential elements to protect your interests:

  • Severance Pay: Employers may provide severance pay based on the employment contract, laws, or company policies, often in exchange for releasing the company from future claims. An employment lawyer ensures you receive all deserved benefits, including paid time off, bonuses, and other compensations, and that the release does not infringe on your legal rights.
  • Medical Benefits: Federal law entitles you to continue health insurance under the company’s plan for up to 18 months post-termination, with premium payments. A legal expert can negotiate for your employer to cover these payments or agree on a lump-sum payment.
  • References: Employers typically confirm your employment and good standing when approached by potential employers, avoiding potential liabilities.
  • Dispute Resolution: Employment and severance agreements often mandate arbitration for dispute resolution. Courts generally uphold arbitration clauses, so having an attorney skilled in alternative dispute resolution is vital. They ensure fair arbitration proceedings and are prepared for litigation if necessary.
  • Confidentiality: Severance agreement terms usually remain confidential, with exceptions for disclosures to family, attorneys, or in legal or arbitration proceedings.

Why Choose Castronovo & McKinney, LLC

Facing termination, it might be tempting to quickly sign the severance agreement. However, consulting with an experienced employment lawyer is critical. Our team will clarify your rights, review the agreement, and manage all communications with your employer. Rely on us to advocate for a thorough severance package that safeguards your legal rights and interests.

Contact Our Experienced New Jersey Severance Agreement Attorneys

Termination can be daunting, and hastily signing a severance agreement might seem like the easiest path. However, don’t sign away your legal rights without proper counsel. Castronovo & McKinney, LLC specializes in guiding clients through severance agreements. Serving Fairfield Township and other areas in New Jersey, our experienced employment lawyers ensure your rights are fully protected.