It's happening all over the place. Your temporary Covid-19 furlough or lay-off has turned into a termination. Your company has handed you a severance letter that includes a lot of language requiring you to do things and refrain from doing things. It may offer a nominal sum of money. Should you sign the severance agreement?
the Equal Employment Opportunity Commission (EEOC) has some advice on the severance agreements. Click Here to review the full article.
Overview:
- Make sure that you understand the agreement
- Check for deadlines and act promptly
- Consider having an attorney review the severance agreement
- Make sure you understand what you are giving up in exchange for severance pay or benefits
- Review the agreement to ensure that it does not ask you to release nonwaivable rights
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