Wrongful Termination And Severance Packages
How Severance Packages Are Used
In some cases, when a company terminates an employee, it may offer a severance package or buy-out. In other instances, the package is negotiated as part of the initial hire or contract. Oftentimes, a company will offer severance as a way to entice an outgoing employee not to file a wrongful termination claim. We can review whether your contract entitles you to a severance package.
How Acceptance Of Severance May Impact A Wrongful Termination Claim
If an employee accepts a severance package, he or she may waive any future claims against the company. This often happens in cases where the employee fully understands what he or she is signing and has his or her own attorney review the paperwork before signing the agreement.
It is much more difficult for an employer to obtain a valid waiver if there are allegations of discrimination. For the most part, if an employee suffered actionable discrimination (based age, sex, race, disability etc.), it’s unlikely that he or she can validly waive his or her right to pursue that claim. This is true even if the employee accepts a severance package.
The best course of action is to discuss the issue with one of our lawyers before signing or verbally accepting anything your employer offers upon your termination.
We Protect The Long-Term Interests Of Executives And Other Employees
Contact our Providence or Wakefield, Rhode Island, law offices by calling 401-331-6565, 401-783-3600 or complete an online contact form. We will review the circumstances surrounding your employment, termination and severance to ensure you are treated fairly.