Severance Agreement Review in Egg Harbor Township: Protect Your Rights Before You Sign
If your employment is ending—whether through layoff, resignation, or termination—you may be presented with a severance agreement. While these agreements can provide financial security during your transition, they often contain complex legal terms that could limit your rights. If you’re in Egg Harbor Township, it’s wise to have an experienced employment lawyer review your severance agreement before you sign anything.
What Is a Severance Agreement?
A severance agreement is a contract between an employer and an employee that typically provides compensation in exchange for a release of claims. In other words, you may receive a payout or extended benefits, but in return, you agree not to sue the company for wrongful termination, discrimination, or other workplace violations.
What’s Typically Included?
- Severance pay (usually based on length of service)
- Continuation of health benefits
- Payment for unused vacation or PTO
- Non-disparagement and confidentiality clauses
- Noncompete or nonsolicitation provisions
- Release of legal claims against the employer
Why You Should Have Your Agreement Reviewed
Even though severance offers may seem generous, they are written to protect the employer—not you. By signing, you could be giving up your right to sue for:
- Discrimination (based on race, gender, age, etc.)
- Wrongful termination
- Unpaid wages, bonuses, or commissions
- Retaliation or harassment claims
Once signed, severance agreements are generally binding and enforceable, so a legal review is critical.
Can You Negotiate a Severance Package?
Yes. Severance terms are often negotiable, especially if you have leverage—such as a potential legal claim or valuable institutional knowledge. An attorney can help you negotiate for:
- Higher severance pay
- Extension of health benefits (COBRA)
- Favorable language in noncompete or non-disparagement clauses
- Outplacement services or a positive reference letter
What to Do Before Signing
- Don’t rush: Take the time to fully understand the document. You’re often entitled to a review period (usually 21 days under federal law for employees over 40).
- Consult an employment attorney: A legal professional can explain what you’re giving up, spot unfair terms, and push for better conditions.
How Castronovo & McKinney Can Help
Castronovo & McKinney, Employment Law Attorneys provide expert severance agreement review and negotiation services for employees in Egg Harbor Township. Their attorneys will walk you through each clause, ensure you understand your rights, and negotiate aggressively on your behalf if needed.
Contact Castronovo & McKinney, LLC Today
Don’t sign away your rights without fully understanding what’s at stake. Contact Castronovo & McKinney today for a confidential severance agreement review. Protect your financial future and career with smart legal guidance.
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