Wipe out logo in the Severance Agreement

Aug 6th, 2022
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How to wipe out logo in the Severance Agreement

5 out of 5
14 votes

okay Im not saying that this is going to happen to everyone but this is a great example about why you should always review your Severance with an attorney when a company offers you severance pay theyre not doing it to be nice they are doing it because once you take the money and sign the a severance agreement youve waived your right to sue them and most the time theyre betting that the severance theyre offering you is worth less than any legal claim you might have against them thats why its always important to talk to an experienced employment lawyer whenever you have a severance offer to make sure youre not leaving money on the table

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There is no legal requirement under California law that employers provide severance pay to an employee upon termination of employment.
To increase your chances of a successful negotiation, choose a reasonable counter-offer. Think about the resources your former employers can offer and what you can offer in return. Employers usually do not want to engage in a lengthy negotiation, so presenting a reasonable offer may encourage them to accept to move on.
At a minimum, severance pay should be one week of pay per year you were employed, up to a maximum of 26 weeks. However, what you are legally owed can be as much as two years pay. But its important to note, its more than just the length of your employment that factors into the amount of severance you should receive.
These include financial drawbacks such as loss of steady income and potential loss of benefits, as well as the uncertainty of future job prospects and impact on retirement savings and benefits.
Factors to Consider Before Rejecting a Severance Offer Financial situation: Consider your financial stability and ability to wait for potential legal compensation. If the severance is substantial and you cannot afford to wait, signing the severance might be more appealing.
You are not obligated to sign a severance agreement. The employer cannot force you to sign it. You may refuse to sign a severance agreement if you believe it is not in your best interest. However, an employer can legally withhold the severance payments or the lump sum payout if you refuse to sign the agreement.
But as with a new job contract, its in your best interest to negotiate the terms of your departure. A successful severance package negotiation could provide additional cash, resources, and other employee benefits.
You intend to sue your employer. Perhaps the most common reason not to sign a severance offer is that you fully intend to sue your employer after your termination. Employers use severance agreements to prevent lawsuits, which is why many terminated employees are not offered one.

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