Contract Termination Agreement
Review of severance agreement and decision to contest
I am 70 y/o and was laid-off after 3 1/2 years of my employment as a Medical Affairs Senior Liaiason at Lundbeck LLC as part of a company reoganization last week. The company has offered a severance package supposedly based on a Company "Severance Plan" they will make available on request. In the severance agreement, they have listed all of the employees were were considered for elimination with respective ages and which were retained vs eliminated - at least one other person in my age range was eliminated while one was retained - looks like they have covered their bases on issue of age discrimination. Just wondering based on my age and ability to gain comparable re-employment at this point in my life if there is a case for increase in compenstion irrespective of their standard "severance plan" that is in place.
1 Attorney answer
You don't have to sign or accept the severance package. However, if you don't, they may not give you the severance package. If you need help with the review, let me know. Remember, if you file suit, you have the burden of proving your case by a preponderance of the evidence.