Brooklyn Severance Negotiations Attorney

Sometimes, employment relationships don’t work out. In some situations, it may be in everyone’s best interests to simply go separate ways. However, an unexpected job loss can lead to financial uncertainty and significant economic losses. A severance agreement can sometimes help to tide over an employee.

Zachary Naidich is a seasoned employment litigator and founder of Naidich Law. He strives to provide his clients with same high-quality legal services that are typically reserved for the wealthy. He is an aggressive litigator who doesn’t back down and is committed to helping you exit the company with confidence and financial security.

What Is a Severance Package?

Some companies offer or agree to severance packages as a way to soften the financial blow of a layoff or termination of an employee. Any employee at any level can potentially receive a severance package, from an entry-level associate to an executive.

Severance packages may be required under a collective bargaining agreement. Some companies have a severance policy in place and must adhere to it when the terms apply. Other employers may be convinced of the benefits of providing a severance agreement, such as avoiding possible litigation. AGREEMENTS WITH CONFIDENCE

Negotiating a Severance Package?

Severance packages are legally binding. It is often in an employee’s best interest to negotiate the terms of their severance agreement, rather than simply accept whatever their employer is willing to offer.

An experienced Brooklyn severance negotiations attorney can assess your situation and explain the types of terms and elements they can negotiate for on your behalf.

What Is Included in a Severance Package?

Severance agreements can be tailored to the particular needs of the parties. Potential elements to include in a severance package include:

• Severance pay – The most critical aspect of a severance package is the amount of pay the employee will receive. The amount is often determined by the employee’s average pay and their position within the company.
• Health insurance – Health insurance can be very important if the employee has health issues or may take time to find another position that offers comparable health insurance benefits.
• Sale of stock options – Some severance agreements allow employees to sell their stock options at their current value.
• Compensation for unused benefits – Employees may be able to receive pay for the unused portion of their vacation pay, paid time off, and/or sick days.
• Outplacement services – Some severance agreements require an employer to pay for services to help the employee find a new job, such as resume review, interview coaching, and similar services.
• Non-disparagement clauses – A non-disparagement clause requires an employer not to say anything negative about the employee, making it easier for the employee to find replacement work.

Every severance package is unique and should be based on the parties’ unique needs. An experienced Brooklyn severance negotiations attorney can fight for what you deserve.

Contact Naidich Law to Negotiate a Strong Severance Package

At Naidich Law, we focus on helping New York employees. Zachary Naidich can leverage his extensive litigation and negotiation experience to fight for a severance package that properly protects your financial interests after you have dedicated your life to your employer.

We offer a free case consultation. Call us today to speak with our Brooklyn severance negotiations attorney.