Amendment To Severance Agreement: Definition, Terms, Example
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Quick Facts — Amendment To Severance Agreement Lawyers
- Avg cost to draft a Severance Agreement: $740.00
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What is an Amendment To Severance Agreement?
An amendment to severance agreement is a document intended to modify the terms of the original severance agreement by requiring a signature to affirm changes. The purpose of the document is to make it easy for employers and employees to come to an amicable agreement regarding the latter's separation from the company. It can be used to modify terms, such as what is included in the severance package. It is also often used to give former employees guidance on how long their severance pay will last and for how long they must refrain from competing with their former employer for.
Common Sections in Amendment To Severance Agreements
Below is a list of common sections included in Amendment To Severance Agreements. These sections are linked to the below sample agreement for you to explore.
Amendment To Severance Agreement Sample
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1.
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Amendment
of the Agreement. The Agreement is hereby amended solely to make the following changes:
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a.
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Clause (iii) of Section 2(a) of the Agreement shall be deleted and replaced in its entirety with the
following text:
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b.
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Clause (iii) of Section 2(b) of the Agreement shall be deleted and replaced in its entirety with the
following text:
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2.
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Reference
to and Effect on the Agreement. On and after the date of this Amendment, each reference in the Agreement to “this
Agreement,” “hereunder,” “hereof” or words of like import referring to the Agreement shall mean and be a reference to the Agreement, as amended by this Amendment. The Agreement, as specifically amended by this Amendment, is and shall
continue to be in full force and effect and is hereby in all respects ratified and confirmed.
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3.
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Governing
Law/Jurisdiction. This Amendment shall be governed by and interpreted and governed in accordance with the laws of the
State of Connecticut. The parties agree that this Amendment was made and entered into in Connecticut and each party hereby consents to the jurisdiction of a competent court in Connecticut to hear any dispute arising out of this Agreement.
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4.
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Headings. The Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the
construction of, or to be taken into consideration in interpreting, this Amendment.
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5.
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Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which
when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or any
other electronic transmission (including, without limitation, DocuSign, shall be effective as delivery of an original executed counterpart hereof.
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TRANSACT TECHNOLOGIES INCORPORATED:
By: /s/ Bart C. Shuldman
Name: Bart C. Shuldman
Title: Chief Executive Officer
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EXECUTIVE:
/s/ Steven A. DeMartino
STEVEN A. DEMARTINO
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Reference:
Security Exchange Commission - Edgar Database, EX-10.11 3 exhibit1011.htm SECOND AMENDMENT TO SEVERANCE AGREEMENT BY AND BETWEEN TRANSACT AND STEVEN A. DEMARTINO, Viewed September 18, 2022, View Source on SEC.
Who Helps With Amendment To Severance Agreements?
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Meet some of our Amendment To Severance Agreement Lawyers
Alton H.
I am a U.S.-licensed attorney with more than a decade of experience in complex litigation and intellectual property matters. I have practiced at leading Am Law firms including Pillsbury Winthrop Shaw Pittman, Arent Fox, and Sughrue Mion, and I currently operate my own law practice. I have extensive experience handling high-stakes patent litigation, drafting pleadings and briefs, managing large-scale discovery, preparing and defending depositions, and appearing before federal courts and administrative bodies such as the PTAB and ITC. I hold a J.D., cum laude, from The George Washington University Law School and advanced technical degrees in chemistry and chemical engineering, which allow me to efficiently handle technically complex matters. I am admitted in multiple jurisdictions, including New York, Virginia, New Jersey, and the District of Columbia, and I regularly provide high-quality remote legal support to clients nationwide.
"Alton reviewed and finalized two complex agreements for us: an Independent Contractor Agreement and a Phantom Equity Agreement with Section 409A compliance, cross-border considerations, and layered compensation. We came in with detailed drafts and a review package, and he worked through every item methodically. He identified the right issues, asked the right questions, and delivered clean execution-ready documents on time. Highly recommend for anyone with executive-level contractor or equity compensation work."
Kenneth G.
Kenneth E. Gray, Jr. is a business and tax attorney who advises entrepreneurs, investors, and closely held companies on transactions, tax planning, disputes, and long-term wealth structuring. He focuses on helping clients make legally sound decisions that also make business sense. Ken’s practice includes business formation and restructuring, mergers and acquisitions, private investments and fundraising transactions, contract drafting and negotiation, and cross-border matters. He also maintains a significant tax practice, advising on federal and state structuring, specialty filings (including partnership, corporate, and non-resident matters), and representing clients in disputes before the U.S. Tax Court and other federal and state tribunals. In addition to his transactional work, Ken handles commercial and business litigation, including tax controversies, financial disputes, and partnership matters. His litigation experience informs how he structures deals and governance documents, with an eye toward preventing disputes before they arise. Ken also advises individuals and families on estate planning, trust formation, tax-efficient wealth transfer strategies, and probate administration, including planning involving closely held businesses and foreign assets. Before practicing law, Ken worked in banking and private equity, including managing a $5 billion emerging markets fund-of-funds portfolio at the U.S. Overseas Private Investment Corporation (OPIC) and serving in equity research at ABN AMRO. That financial background allows him to understand transactions from both the legal and capital perspective. He holds a J.D. from Georgetown University Law Center and an MBA from Yale University. He practices before the U.S. Tax Court, various state courts, and other federal courts.
"It is not easy to find a lawyer that knows Offshore Asset Protection Trusts, which own a foreign LLC, which owns a USA LLC. Fines could reach $100K if the tax forms are incorrect, or not filed. He was able to review my draft returns and provide memos with required changes (many, many changes), after 1 follow-up everything was basically done other than a few tiny edits. I really appreciated how he worked me in, right in the busiest time of tax season, to ensure there were no errors. Would definitely hire again."
Samuel R.
My career interests are to practice Transactional Corporate Law, including Business Start Up, as well as Real Estate Law, Estate Planning Law, and Intellectual Property Law. I am currently licensed in Arizona, Pennsylvania and Utah, after having moved to Phoenix from Philadelphia in September 2019. I currently serve as General Counsel for a bioengineering company. I handle everything from their Business Transactional Agreements, Private Placement Memorandums, and Corporate Structures to Intellectual Property Assignments, to Employment Law and Beach of Contract settlements. Responsibilities include writing and executing agreements, drafting court pleadings, court appearances, mergers and acquisitions, transactional documents, managing expert specialized legal counsel, legal research and anticipating unique legal issues that could impact the Company. Conducted an acquisition of an entire line of intellectual property from a competitor. In regards to other clients, I am primarily focused on transactional law for clients in a variety of industries including, but not limited to, real estate investment, property management, and e-commerce. Work is primarily centered around entity formation and corporate structure, corporate governance agreements, PPMs, opportunity zone tax incentives, and all kinds of business to business agreements. I have also recently gained experience with Estate Planning law, drafting numerous Estate Planning documents for people such as Wills, Powers of Attorney, Healthcare Directives, and Trusts. I was selected to the Super Lawyers Southwest Rising Stars list for 2024 - 2026. Each year no more than 2.5% of the attorneys in Arizona and New Mexico are selected to the Rising Stars. I am looking to further gain legal experience in these fields of law as well as expand my legal experience assisting business start ups, and also trademark registration and licensing.
"Everything went very quick, I am very satisfied with the results."
Roman V.
I'm an experienced trademark attorney and enjoy helping clients protect and grow their brand names through trademark registration and enforcement. I've worked with a wide variety of clients in different industries, including e-commerce, software as a service (SaaS), and consumer goods, to register trademarks for product names, logos, and slogans, both in the US and abroad.
"Roman was very helpful and responsive in submitting my companies trademark."
Drew B.
Drew is an entrepreneurial business attorney with over twenty years of corporate, compliance and litigation experience. Drew currently has his own firm where he focuses on providing outsourced general counsel and compliance services (including mergers & acquisitions, collections, capital raising, real estate, business litigation, commercial contracts and employment matters). Drew has deep experience counseling clients in healthcare, medical device, pharmaceuticals, information technology, manufacturing, and services.
"Hired for a settlement contract to be written out in legal manner. Ammended contract as well to add clauses that we had not written.Efficient, professional. Said the time-frame would be about 4 business days and he did deliver on that in fact worked through the weekend and mlk day. Offered one final revision as well as a call to finalize language of contract. The final document delivery was more than we expand also he went above and beyond to deliver extra documents we may need. Would highly recommend."
Erin F.
Businesses, Contracts, Operating Agreements, Corporate, Real Estate, Start-Ups, Cannabis
July 1, 2021
Daniel R.
Daniel is an experienced corporate attorney and works closely with corporations, privately held companies, high-net worth individuals, family offices, start-ups and entrepreneurs. Daniel graduated from the Gonzaga University School of Law and is licensed to practice law in Illinois.
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Browse Lawyers NowLawyer Reviews for Amendment To Severance Agreement Projects
Review Severance and Confidentiality Agreements with Negotiation Support
"Quick communication and excellent help!"
Massachusetts Severance Agreement Review
"Joshua is a phenomenal attorney to work with. He has a personality and isn't monotone to converse with. He is extremely responsive and delivers timely. He answered all my questions, while fairly abiding by the scope of representation. I would work with him again."
Review Severance Agreement And General Release
"Dolan provided everything I needed to properly negotiate my separation."
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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ContractsCounsel User
Severance Package Review & Negotiation for Hospital Employee in Texas
Location: Texas
Turnaround: Less than a week
Service: Contract Review
Doc Type: Severance Agreement
Page Count: 8
Number of Bids: 4
Bid Range: $240 - $700
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