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: $750.00
- Avg cost to review a Severance Agreement: $420.00
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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?
Lawyers with backgrounds working on amendment to severance agreements work with clients to help. Do you need help with an amendment to severance agreement?
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Massachusetts Severance Agreement Review Review
- Massachusetts
- 3 lawyer bids
- $350 - $465
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Meet some of our Amendment To Severance Agreement Lawyers
JOSEPH L.
Mr. LaRocco's focus is business law, corporate structuring, and contracts. He has a depth of experience working with entrepreneurs and startups, including some small public companies. As a result of his business background, he has not only acted as general counsel to companies, but has also been on the board of directors of several and been a business advisor and strategist. Some clients and projects I have recently done work for include hospitality consulting companies, web development/marketing agency, a governmental contractor, e-commerce consumer goods companies, an online apps, a music file-sharing company, a company that licenses its photos and graphic images, a video editing company, several SaaS companies, a merchant processing/services company, a financial services software company that earned a licensing and marketing contract with Thomson Reuters, manufacturing companies, and a real estate software company.
"Excellent work by Joseph! Efficient, Timely, and very responsive. I'm very happy with his work. Thank you!"
Dolan W.
You need a lawyer who's more than just knowledgeable – you need someone who's on your side. That's where I come in. I'll be there every step of the way, offering clear communication and proactive solutions. Whether you're starting a business or navigating a complex legal matter, I'll help you make informed decisions and achieve your goals. I also have drafted many templates to save you money. Just use this link - https://www.contractscounsel.com/client/lawyer-profile/3764#Templates Why Choose Me? I put you first I'm proactive I'm efficient I'm accessible
"Dolan's professionalism, attention to detail, and extra effort throughout the process were extraordinary. He was thorough, responsive, and took the time to address my concerns carefully. I 1000% appreciated the quality of his work and the level of support he provided. Hire him—you can thank me later!"
Albert M.
I am a New Jersey licensed attorney and I have been in practice for over nineteen years. My practice mainly consists of representing public entities (municipalities, school boards, etc) and businesses, both small and large. In that capacity, much of work consists of drafting, reviewing and revising contracts.
"Albert was accommodating and attentive to the project. Great rate."
Antoine D.
In his firm, Talented Tenth Law, Antoine focuses on helping people maximize their protection and prosperity in the courtroom and the boardroom. His firm’s services include representing people in lawsuits involving breach of contract, many types of civil lawsuits and helping business owners win government contracts among other things.
William B.
Attorney based in Southern California (for in-person matters), taking clients globally/remotely for CA-specific and Federal legals needs. Owner and operator of Alchemist Attorney, Inc. (www.alchemistattorney.com).
"William went above and beyond in helping me navigate a severance agreement with my former employer. Appreciate the work!"
LeMont J.
LeMont leads a corporate and transactional practice with a focus on delivering practical, business-oriented legal solutions. His practice spans corporate law, commercial transactions, and real estate matters, advising clients through entity formation, governance, contract negotiation, acquisitions, and complex deal structuring. In the corporate and transactional space, LeMont counsels closely held businesses, startups, and growth-stage companies on formation strategy, operating agreements, shareholder arrangements, and day-to-day commercial contracting. He is known for structuring deals in a way that balances legal protection with operational flexibility, ensuring that agreements are both enforceable and commercially workable. His real estate practice includes representing clients in residential and commercial transactions, including purchases, sales, leasing arrangements, and hybrid structures such as rent-to-own and option-to-purchase agreements. He regularly works with clients to navigate deal risk, clarify ownership timelines, and document transactions to minimize future disputes.
"Hired LeMont for a compliance review — a claim I was about to print and an agreement I was about to sign. He asked good questions before starting instead of guessing at my facts, and one of them caught a real gap in my own draft. Where the law was unsettled he told me what he'd do rather than stopping at "it depends," which is the entire reason I hired a lawyer instead of trying to read the statutes myself. He also surfaced something my own research had missed entirely. He flagged an issue he could easily have billed me to analyze, and told me to wait until it was actually a problem. Delivered on time, at the flat fee quoted, no surprises. I'll be hiring him again."
omoy h.
I am a New York-admitted securities attorney and regulatory compliance professional with more than 20 years of experience in the financial services industry, including broker-dealers, investment advisers, private funds, and fintech businesses. My background includes legal, regulatory, and compliance leadership roles, including service as General Counsel and Chief Compliance Officer of an SEC-registered investment adviser. I advise clients on securities regulation, private offerings, private fund formation, investment management, broker-dealer and investment adviser regulation, AML, privacy, and related commercial and regulatory matters. My experience includes advising on private offerings under Regulation D with Regulation S considerations, as well as fundraising alternatives under Regulation A and Regulation CF, and drafting and reviewing offering documents, fund documentation, compliance programs, and related agreements. I have extensive experience working with SEC, FINRA, and NFA regulatory frameworks and helping clients navigate complex legal, regulatory, and business challenges. My practice includes: • Broker-dealer and RIA registration, compliance, and regulatory matters • Private fund formation (PPMs, LPAs, operating agreements, subscription documents) • Regulation D, Regulation S, Regulation A, and Regulation CF offerings • Regulatory filings (ADV, BD, U4, U5, 13D, 13G, 13F, Form 4, etc.) • Regulatory examinations, inquiries, investigations, and remediation • Compliance manuals, WSPs, Codes of Ethics, AML programs, and risk assessments • Marketing and advertising compliance reviews • Investment management agreements, advisory agreements, subscription agreements, side letters, and related documents • Commercial agreements, NDAs, service agreements, and privacy policies • Fintech, digital asset, MSB, and money transmission considerations and related regulatory matters I am admitted to practice in New York and hold the CAMS (AML), CIPP/US (privacy), and CCEP (compliance and ethics) certifications.
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Browse Lawyers NowLawyer Reviews for Amendment To Severance Agreement Projects
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"Communicative and professional."
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"Prompt review of severance agreement and non-solicit covenants"
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"Helpful & responsive"
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"Very knowledgeable and able to give crisp and clear guidance. Would strongly recommend any body seeking such services."
Review my severance agreement with my company
"Ryenne was easy to work with and helped me fully understand the implications of my contract"
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
Location: Colorado
Turnaround: A week
Service: Contract Review
Doc Type: Severance Agreement
Page Count: 8
Number of Bids: 3
Bid Range: $400 - $495
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