SEVERANCE PACKAGE —- SHOULD YOU SIGN?
The following are true statements about Severance agreements and employment separation agreements in Virginial:
- there is no law that says you must be offered a severance agreement
- you only have a right to one if you have a contract that states you are entitled to an agreement
- most severance agreements contain RELEASES wherein you agree not to sue, ever!
- most severance agreements are written to protect the employer, not you
I know you may need the money and not have the luxury of turning down a severance agreement, but wouldn’t you like to know what the agreement means, legally? To understand the terms you are agreeing to be bound by? Your rights and options within the 4 corners of the agreement?
If so, we can help explain…. and evaluate whether signing is really in your best interest.