Individuals in Greenwich Township facing termination, layoff, or resignation might encounter severance agreements. These documents can involve surrendering significant legal rights, including the option to take legal action against a former employer. It is essential to consult an experienced employment attorney before agreeing to any severance terms. Castronovo & McKinney, LLC, are dedicated to safeguarding employee rights throughout their employment journey, from initial recruitment to departure. Recognizing that severance agreements often favor employers, we ensure your rights remain protected. Contact us promptly for a thorough evaluation of your severance agreement and expert advice.
What Constitutes a Severance Agreement?
A severance agreement outlines the rights and responsibilities of both employer and employee upon termination of employment. Typically structured to protect the employer’s interests, these agreements may include:
- Non-disclosure Provisions: Preventing the disclosure of termination details or confidential company information.
- Non-compete Clauses: Restricting the employee from engaging with competitors or starting similar ventures.
- Non-disparagement Agreements: Barring negative remarks about the employer.
Most importantly, severance agreements often require employees to waive their right to pursue legal action against the employer in exchange for severance benefits. It is crucial for individuals to have these agreements reviewed by a knowledgeable employment attorney to ensure their rights are protected and they understand the implications on future employment prospects.
What Should I Expect in My Greenwich Township Severance Agreement?
Severance agreements are customized to individual circumstances but typically include:
- Severance Pay: Your employer may be obligated to provide severance pay as per employment contracts, state or federal laws, or company policies. An experienced employment lawyer ensures you receive all entitled severance benefits, including accrued paid time off, unpaid bonuses, and other compensations without compromising your legal rights.
- Continued Medical Benefits: Federal law allows individuals to continue health insurance coverage under the company’s plan for up to 18 months post-termination, albeit with premium payments. Legal experts can negotiate extended coverage or lump-sum payments.
- References: Employers are usually limited to confirming employment and good standing when contacted by potential future employers.
- Dispute Resolution: Employment and severance agreements often mandate arbitration for dispute resolution. Legal representation proficient in alternative dispute resolution is essential to ensure fair proceedings. Trial lawyers are prepared to represent your interests in litigation if necessary.
- Confidentiality: Terms of severance agreements typically remain confidential, except in disclosures to family, attorneys, or in legal proceedings.
Employers may hold significant leverage in termination scenarios, but our negotiation skills aim to secure deserved severance pay and protect your future employment rights.
Why Castronovo & McKinney, LLC?
In Greenwich Township, facing termination might prompt a quick inclination to sign severance agreements. However, careful deliberation and consultation with experienced legal counsel are necessary. Our team is dedicated to clarifying your rights, examining severance agreements, and handling all communications with employers and their legal representatives. Trust us to advocate for a comprehensive severance package that upholds your legal rights and interests.
Contact Our Proficient Greenwich Township Severance Agreement Attorneys
The prospect of termination can be daunting, and hastily agreeing to severance terms might seem like the simplest option. However, it is imperative not to relinquish your legal rights without appropriate guidance. Castronovo & McKinney, LLC, specialize in navigating the complexities of severance agreements. Serving Greenwich Township and other areas in New Jersey, our experienced employment lawyers are here to ensure your rights are fully protected during these critical moments.