Wall Street Severance Agreements and Severance Packages

By Thomas McKinney

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.

About the Author
Tom McKinney is an experienced NJ Employment Lawyer in all major areas of labor and employment law, including discrimination, harassment, overtime violations, wage and hour claims, sexual harassment, wrongful discharge, Title VII, ADA, ADEA, FMLA, LAD, FLSA, and all other employment law claims. Tom is admitted to practice in the States of New Jersey and New York, United States District Court for the Eastern District of New York, Southern District of New York, District of New Jersey, and United States Court of Appeals for the Third Circuit. Prior to forming the firm, Tom practiced at Gibbons P.C. in Newark, NJ. If you have any questions regarding this article, contact Tom here today.