In today’s ever-changing workplace, layoffs, reduction-in-forces, and organizational restructuring are common. For employees, this often comes with a severance agreement—an offer from the employer that typically includes compensation in exchange for a waiver of potential legal claims. While these agreements are routine, employees over the
The lawyers at MSB Employment Justice stand out as preeminent attorneys for executive-level employees, particularly in the realm of severance agreements. Our stellar reputation and track record of success in the field make us ideal advocates for executives navigating these complex negotiations. Here are several
Whether due to restructuring, mergers, reductions in force, or personal career choices, the process of parting ways with an employer can be complex, stressful, and often very emotional. Because of that, the critical first step in considering any severance agreement is talking to an attorney
Exiting a top-tier position in any company can be a challenging transition, especially when the departure is involuntary. Higher level employees at larger companies are typically offered severance agreements upon exit. But, given the complexities and stakes involved, is hiring a lawyer to review or
When facing the end of one’s employment, the forthcoming days can seem daunting for many employees. One critical cushion during this transition is the severance package. Beyond being a mere financial payout, a well-structured package reflects the company’s recognition of the employee’s value and dedication.
Introduction to Terminations/RIFs and Severance Packages Employment terminations can be a challenging time for employees, both emotionally and financially. In such situations, a severance package can act as a safety net, providing financial assistance and benefits as you transition to a new job or career
Consulting with an employment lawyer for severance agreement negotiation is strongly recommended for several reasons. An employment lawyer has specialized legal expertise in employment law and can provide guidance on your rights and protections under the law. A lawyer can also help you understand the
A severance agreement, also known as a Minnesota-compliant separation agreement, is a specific document that exists between employers and a departing employee. It will include a release of legal claims against the employer in exchange for compensation. This standard document is drafted in the employer’s
Getting laid off from your job can be a devastating and frustrating experience. You’ve spent countless hours working hard for your employer, and now you face an uncertain future. If this situation applies to you, your employer may offer you a severance agreement. If you
When you hear the rumblings of rumored lay-offs and terminations going around the office, all the uncertainty surrounding the fate of your future employment can feel overwhelming. Alternatively, you may be nearing the end of your years of dedication to a company and expect a
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