Corporate
Severance Agreement
New York
Can I negotiate the terms of a severance agreement with my employer?
I have recently been informed by my employer that my position is being eliminated due to company restructuring, and they have offered me a severance agreement. However, I have concerns about some of the terms in the agreement, such as the non-compete clause and the amount of severance pay being offered. I would like to know if it is possible for me to negotiate these terms with my employer before signing the agreement.
Answers from 1 Lawyer
Answer
Corporate
New York
Arthur S.
ContractsCounsel verified
July 12, 2024
Severance Agreements are often presented to employees as a "take it or leave it proposition": however, it has been my experience that many of the underlying provisions of these severance agreements are, in fact, negotiable. Also, as an employee, you are not without rights...a fact that is often, though reluctantly, recognized by employers. the agreements prepared on behalf of employers are often heavy handed and should not be entered into by the employee without advice of coounsel./
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The Non Compete clause. This sets out where you can work and who you cannot work for after you have left your company. DISCLAIMER The answers to these questions do not constitute legal advice and does not create an attorney-client relationship with the attorney and anyone who reviews these responses.
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In florida, 70 employees at my business they lay off 10 and give severance to 8 out of the ten, myself 5 year employee and a 2 month employeee and both are sales others are operation, do have rights to get the same severance?
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