When an employee separates from their job, they may be asked to sign a severance agreement. A severance agreement is a contract between an employer and employee that outlines the employee’s separation from the company. It may be offered to employees who are laid off,...
Severance Agreements
Severance agreements just got harder to enforce
In today’s economic reality, many companies use periodic layoffs to stay competitive, keep their share price competitive and stay in business. However, if your company is forced to spend millions litigating post-layoffs, all of the financial benefits of the layoffs...
Should I sign the severance agreement I was offered?
Layoffs have been in the news of late, and that may make employees in the Pittsburgh area nervous. Losing a job suddenly is a stressful and traumatic experience. A worker may wonder what they are going to do to support themselves and their families. Pennsylvania...
To take a severance package or not?
It might have taken a try or two, but you have found yourself in an established career. Being with the same company for years and even decades can feel fulfilling, as it is a major accomplishment. Hitting certain milestones leads you to believe that you will remain...
What should I be on the lookout for in a severance agreement?
Severance agreements are in the news again as it looks like the economy is heading into another down cycle. This means that many of our readers are seeing a severance agreement for the very first time, and they want to know what to look for in them. What are they?...
How far can a severance agreement go?
Employers often ask workers to sign a severance agreement when they leave employment. This agreement may seek to limit the worker's rights in exchange for severance pay or other benefits. However, sometimes employers go a little too far with severance agreements....
Providing guidance before you sign a severance agreement
Most workers in Pennsylvania imagine their last day of work being the day before they retire. While this is the case for many, others reach their last day at a company due to termination or a layoff. Unlike a firing that simply terminates your employment, you are...
The basics of severance agreements in the medical field
When a physician in Pennsylvania starts a new job the last thing on their mind may be leaving it someday. Still, moving from one job to another is not unusual for physicians. If a physician is being terminated or is otherwise being encouraged by their employer to...