Severance Agreements
A severance agreement is a package of pay and other benefits given to terminated employees. In Washington, employers are not required by law to offer severance agreements. However, may workplaces offer them. Before signing a severance agreement, it is important to know whether your signature will waive your right to take action against your employer. At Stanley A. Kempner Jr. Attorney at Law, attorney Kempner will review your severance agreement so that you know exactly what you are signing. He will also determine whether additional negotiation would be beneficial for you.
Nearly every severance agreement comes with a very narrow window – typically no more than 21 days – in which the employee can either accept or reject the agreement. Even if you do wish to accept the severance agreement, failure to do so within the specified time may leave you out in the cold. If you’ve been offered a severance agreement, speak with a knowledgeable Spokane employment lawyer as soon as possible. Mr. Kempner will work to ensure your rights are protected.
Severance Pay Versus Wrongful Termination
Many severance agreements include clauses that remove your right to take legal action against your employer in the case of wrongful termination. However, there’s a certainty associated with severance agreements that some people find wildly appealing.
A skilled employment law attorney will weigh the pros and cons of both your severance agreement and filing a wrongful termination suit. More often than not, the added value of a guaranteed, legally binding amount of severance pay is worth more than the uncertainty surrounding a wrongful termination claim. Mr. Kempner will take the time to thoroughly examine your severance agreement before advising you of your options. He understands your need for security and certainty, and will always put your best interests at the forefront of any legal guidance.
Maximizing Your Leverage With Your Employer
Washington employers are often willing to negotiate severance agreements in order to avoid the costs and anxiety commonly associated with litigation. This apprehension can provide you with some leverage in negotiations, which could in turn lead to more compensation. Speak to a dedicated employment attorney today to learn more about your options. Call Stanley A. Kempner Jr. Attorney at Law at 509-590-4563 or complete an online contact form to schedule a consultation at the Spokane office.