SEVERANCE AGREEMENTS REVIEWED BY CHICAGO ATTORNEY

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Severance Agreements compensate you for work performed as an employee. They almost always, however, require you to sign a release and give up all rights against the employer. Importantly, the employer may impose new and harsh obligations on the executive and other employees. These conditions include the following restrictions: (1) non-competes, (2) non-solicitation, (3) non-disparagement, (4) tax indemnification, (5) confidentiality, and (6) seizure of payments for breach of the agreement. Employees usually have 21 or 45 days to negotiate revised terms.

If you believe that you could be giving up legal claims against your employer or are unsure of your rights, you should have an attorney review your severance agreement and release. The sooner you do this after you receive the Agreement, the better.

As an experienced employment law attorney, I will review your employment history for potential claims including, for example, violations of overtime and discrimination laws. I will recommend whether you should accept the money and benefits offered, or whether there may be a non-legal basis to seek additional severance pay. For example, with many years of faithful service, we may be able to make a persuasive case for enhanced severance benefits.

I will charge you a reasonable consultation fee for review of your Severance Agreement. Ongoing representation will be discussed at our initial personal consultation.

Revised: 8/14/2010

Nothing on this page or any of the pages constituting this web site should be construed as offering legal advice about severance agreements or any other subject. Mr. Schwartz is licensed to practice law in Illinois, including review of severance agreements.