Understanding Severance Agreements in Atlantic County
When employees in Atlantic County are confronted with termination, layoffs, or resignations, they often encounter severance agreements. These documents, while appearing beneficial, may lead to significant legal consequences, such as waiving the right to sue. Consulting with a proficient employment lawyer at NJ Employment Lawyers, LLC is crucial before signing any severance agreement.
What is a Severance Agreement?
A severance agreement is a contract that outlines the terms between an employer and employee at the end of employment. These agreements typically aim to protect the employer and can include clauses like non-disclosure, non-compete, and non-disparagement. Most critically, they often require employees to forfeit their right to pursue legal action against the employer in exchange for a severance package. Employees must have these agreements reviewed by skilled attorneys to ensure their rights are protected and they understand the long-term implications.
Essential Elements of a Severance Agreement
- Severance Pay: It’s vital to have a lawyer review the severance pay, which might be offered in lieu of a legal claim against the employer. A lawyer will ensure you receive all entitled benefits like unpaid bonuses and accrued time off, and that any waiver does not strip you of legal rights or earned benefits.
- Medical Benefits: Under federal law, you may continue your health coverage under the company plan for up to 18 months after termination, although you must pay the premiums. Negotiations can extend these benefits or cover the costs for a period.
- References and Confidentiality: Generally, employers may confirm your employment status and roles without providing further details. Legal guidance can ensure these references are managed without compromising your future employment opportunities. Severance terms often remain confidential, with certain exceptions allowed for legal counsel and proceedings.
- Dispute Resolution: Many severance agreements include arbitration clauses for resolving disputes. A legal expert in arbitration can ensure these proceedings are fair, and if necessary, prepare for litigation.
Why Choose NJ Employment Lawyers, LLC
Choosing the right attorney in Atlantic County when faced with a severance agreement is critical. NJ Employment Lawyers, LLC provides clear guidance, thoroughly reviews agreements, and handles negotiations with your employer’s legal team. We are committed to securing a comprehensive severance package that respects your rights and future employment prospects.
Contact Our Skilled Severance Agreement Attorneys
Facing termination is challenging and signing a severance agreement under pressure can lead to regrettable outcomes. At NJ Employment Lawyers, LLC, we specialize in navigating the complexities of severance agreements to protect your rights at a critical time. Our experienced employment attorneys are dedicated to serving clients in Atlantic County and ensuring their legal rights are upheld during these pivotal moments.