Severance Agreements

SEVERANCE AGREEMENTS

Severance Packages in New Jersey and Their Use in Today’s

New Jersey Corporate Business Environment

Severance Packages to Protect the Employer and Employee Against Future Claims

Today’s business climate has necessitated unprecedented layoffs, furloughs and firings.

Both the corporate employer and employee should usually have a proposed severance package reviewed by an experienced and knowledgeable NJ corporate employment law attorney. As an employee, you may be waiving claims you are not aware of, and more importantly, are not required to waive. As an employer in NJ, you may not be addressing key issues to avoid a future lawsuit by a former employee. A proper evaluation of the circumstances surrounding an employee’s termination or separation will reveal that it may be more appropriate to pursue legal recourse instead of waiving potential claims.

Severance packages are being offered by NJ corporate employers more and more these days for many reasons, including litigation avoidance, prevent adverse publicity, prevent employees from diverting present clients, a general company policy of fairness, or because a company is obligated by contract or handbook. As an employee, you may be acquiring new and unfair obligations as a result of signing a severance agreement.

When you need assistance with a contemplated severance policy for your NJ company or the preparation and/or review of a severance agreement given to you by your employer, our firm is here for you. Contact Fredrick P. Niemann, Esq. at fniemann@hnlawfirm.com, or call him today toll-free at (855) 376-5291.

Fredrick P. Niemann, Esq.,

a NJ Corporation Attorney

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