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.

Lauren

Lauren Ellerman

Lauren Ellerman

In 2011, Lauren Ellerman was named "Young Lawyer of the Year" by the Roanoke Bar Association for her work in the community. To speak with Lauren about your personal injury case, contact her at lellerman@frithlawfirm.com.