Executive and Other Severance Agreements Can Be Complex
When negotiating an executive severance package, it is critical to consider your individual goals in your job-exit strategy. Whether you are career professional retiring or leaving for any number of other reasons, you want to be sure your rights are protected. Each person’s employment situation is different. But because your future compensation is at stake, it is strongly advised that you consult with an attorney before signing any severance agreement.
“Beth’s experience is a huge asset in negotiations. She was incredibly helpful in pursuing a severance plan for me in a timely manner. Her advice was always spot on.”
“I really appreciate the work you did and the time you put in to negotiate a satisfactory outcome, for me. I want to compliment you on keeping me up to date throughout the whole process; you’re an excellent communicator. Thanks again.”
How Bertelson Law Office, P.A., Can Help
At Bertelson Law Office, P.A., we provide counsel throughout the negotiation process, including:
- Evaluating the value of your claim
- Addressing potential outcomes
- Determining likelihood of success
- Developing a strategy for the negotiations
- Assessing investment of time and resources
- Providing recommendations on how to proceed
- Establishing a timeline for achieving your goals
- Litigating where appropriate
Our attorneys have over 50 years of combined experience reviewing, evaluating and strategically negotiating severance agreements, separation agreements, buy-out packages, executive agreements and noncompete agreements. We pride ourselves on our strong relationships with our clients and our communication, making you the primary decision-maker in every step of the process. We provide the advocacy to empower you to negotiate a favorable severance package to suit your individual needs, goals and situation.
What Steps Should I Take When Offered An Employment Severance Agreement?
It is imperative that you do not sign any document until you have had the chance to take the documents home with you to review and calmly process the agreement.
Some things to consider in your severance package are:
- Noncompete / nonsolicitation and restrictive covenants
- Bonuses and stock options
- Employment coaching and outplacement services
- Mutual nondisparagement and confidentiality clauses
At Bertelson Law Office, P.A., we offer a thorough review to help you determine how your particular situation would be impacted by signing, or if it would be appropriate to move forward negotiating changes to the agreement, such as increasing the amount the employer is offering, additional benefits, and/or language changes to the agreement.
To read our full article on SuperLawyers.com about severance packages, follow the link: https://ask.superlawyers.com/minnesota/employment-law-employee/what-should-i-do-if-i-am-offered-a-severance-package-or-separation-agreement-under-minnesota-law/bcc25f00-ba78-41fd-b92a-fb397628b439.html
*THIS MATERIAL IS EDUCATIONAL ONLY. IT DOES NOT CONSTITUTE AND SHOULD NOT SUBSTITUTE FOR LEGAL ADVICE.