Were you offered a severance agreement from a Wall Street firm? Wall Street Severance Packages are typically different in that the company is required to disclose certain information in the Form U-5 regarding the termination. The severance payouts usually provide 2 weeks for each yea of service, offer outplacement services and may reinforce any non-compete, non-solicitation agreement previously signed with the company. We have seen buy-outs for certain invested stock options or even vesting periods changed so certain options would vest.
If you have been offered a Wall Street Severance Agreement,it is important that you contact an qualified Employment Lawyer because you may be entitled to additional severance pay.