Employees in Egg Harbor Township who are terminated, laid off, or resign may be presented with severance agreements that carry lasting legal consequences. These documents often include provisions that require employees to give up their right to sue the employer—typically in exchange for a financial payout. Before signing anything, it’s critical to consult with an experienced employment attorney.
NJ Employment Lawyers, LLC helps clients evaluate severance agreements to ensure they fully understand the terms and avoid unintentionally waiving important legal rights. While employers use these agreements to protect themselves, our role is to ensure the terms are fair and that your rights are preserved.
What Is a Severance Agreement?
A severance agreement is a legally binding contract that outlines the terms of an employee’s departure from a company. Common provisions in these agreements may include:
- Non-disclosure clauses, which prevent employees from discussing the terms of their termination or disclosing confidential company information.
- Non-compete clauses, which restrict future employment in similar roles or industries.
- Non-disparagement clauses, which prohibit employees from making negative statements about their former employer.
- Waivers of legal claims, which often require employees to give up the right to file lawsuits related to their employment or termination.
These agreements are written to favor the employer. Signing one without legal review may limit your future job options and your ability to take legal action. Our attorneys at NJ Employment Lawyers, LLC provide detailed reviews and negotiation support to protect your interests.
If you’ve been offered a severance agreement in Egg Harbor Township, contact us to schedule a review before signing. We’ll ensure you understand the full impact and negotiate stronger terms if needed.
What Should Be Included in Your Severance Agreement in Egg Harbor Township?
When facing job termination in Egg Harbor Township, it’s important to know exactly what your severance agreement should cover. These agreements can significantly impact your finances, benefits, and legal rights. Below are the core elements that should be addressed—and carefully reviewed—before you sign.
Severance Pay and Compensation
Severance pay may be owed based on an employment contract, company policy, or offered in exchange for releasing the employer from legal claims. You may also be entitled to:
- Unused paid time off (PTO)
- Earned but unpaid bonuses or commissions
- Other accrued compensation
An employment attorney from NJ Employment Lawyers, LLC will evaluate the full scope of compensation owed to you and ensure any waiver of legal claims does not impact your ability to seek benefits, file future claims, or access vested rights.
Continuation of Medical Benefits
Under COBRA, employees can stay on the company’s health insurance plan for up to 18 months after termination, but usually at their own cost. Legal counsel can help negotiate terms that require your employer to:
- Cover COBRA premiums for a set period
- Provide a lump-sum health benefit payout
These negotiations can save you thousands in out-of-pocket healthcare expenses.
Employment References
Employers often limit references to basic confirmations of your job title and dates of employment. A well-negotiated agreement can establish that your departure was in good standing, helping protect your professional reputation with future employers.
Dispute Resolution Terms
Severance agreements frequently include arbitration clauses that prevent employees from filing lawsuits and instead require disputes to be resolved privately. These clauses are enforceable, so it’s important to:
- Understand your rights under arbitration
- Ensure the terms are fair and balanced
- Have representation in the event of a dispute
NJ Employment Lawyers, LLC can help clarify your rights and ensure you’re not signing away access to proper legal recourse.
Confidentiality Provisions
Most agreements contain confidentiality clauses restricting you from discussing severance terms. These usually include exceptions for legal advisors, immediate family, and when required by law. Be sure you fully understand what you can and cannot share.
Why Choose NJ Employment Lawyers, LLC for Severance Agreement Review
Signing a severance agreement is a legal decision that can affect your rights, finances, and future employment. If you’ve been terminated or asked to resign in Egg Harbor Township, don’t sign anything before speaking with an attorney. Employers often include waivers that limit your ability to take legal action or claim benefits you’re entitled to.
NJ Employment Lawyers, LLC works with clients across New Jersey, including those in Egg Harbor Township, to ensure severance terms are fair and legally sound. We:
- Analyze the full agreement to identify risks and obligations
- Explain how each clause may impact your rights and future employment
- Negotiate stronger terms when necessary
- Communicate with your employer and their legal team on your behalf
We focus on protecting your rights, not just reviewing paperwork.
Consult a Severance Agreement Attorney Before You Sign
The pressure to accept a severance offer quickly can be high—but signing without legal advice is risky. These agreements often include:
- Broad release of claims against the employer
- Restrictions on future work opportunities
- Confidentiality obligations
- Arbitration clauses that waive your right to sue
Our legal team helps you understand what you’re giving up—and whether the offered compensation reflects the value of those waivers. If not, we’ll fight to improve the terms.
If you’re in Egg Harbor Township and have been offered a severance agreement, contact NJ Employment Lawyers, LLC for a clear, informed review before you sign. We’ll help protect your rights and secure the compensation you deserve.