Delaware Severance Pay Lawyers
How to Calculate Severance in Delaware
If an employer has presented you with a severance agreement in the state of Delaware, it may be confusing attempting to understand what they are asking you to sign. You should have any Delaware severance agreement reviewed by an experienced employment attorney before you agree to it. Depending on the circumstances, it may be in your interest to request a change in the agreement. Our skilled severance lawyers have years of experience in practicing severance law and in negotiating severance agreements. We help individuals in Delaware and throughout the United States.
Easy 4-Step Process
Call us or fill out a contact form.
You’ll receive a call from our Delaware office to schedule a date and time for a meeting. The meeting may occur in person or by telephone. All meetings can be scheduled within 24 hours.
Our Delaware attorneys will review your severance documents thoroughly and discuss everything about the severance agreement with you. They will answer any of your questions.
Our Delaware attorneys will email you with a detailed list of every item that should be addressed with the employer. They will also suggest any changes or revisions to the severance agreement. You will then have the choice of negotiating directly with your employer on your own behalf or retaining us to negotiate for you. In the instance that you retain us, our Delaware severance lawyers will strive to improve the agreement to your benefit.
Delaware Severance Review & Negotiation
Our attorneys have received numerous awards and accolades from peers and respected organizations. Since 2006, our lawyers have been included in the Super Lawyers List for Employment Law and Super Lawyers Rising Stars List for Employment Law. We were named Employment Law Firm of the Year by Corporate Intl Magazine in 2010 and 2012 and were given the AI Business Team Excellence Award in 2015. We have also been included in the Top 40 under 40 Lawyers listing and were named one of the most innovative law firms of 2016 by Acquisition International.
Our Delaware severance attorneys use their experience and skill to help you understand your Delaware severance agreement. Our goal is to give you peace of mind and the knowledge that you are securing every benefit from your severance agreement.
Our Delaware Severance Lawyers Serve the Following Communities Below:
- New Castle County DE
- Sussex County DE
- Kent County DE
Schedule a consultation by calling (800) 466-5015.
This law firm helped me achieve the results that I needed. Would recommend Paul to anyone that feels as though they have been wronged and need legal guidance and assistance.- Al W.
My experience with Severance Lawyers was excellent. They gave my case all the time and attention that was needed to be successful. They were a calming and confident presence during a difficult and uncertain time for me. Their guidance was outstanding at all times, prompt, professional, timely and open for calls and quick updates. They invested the time to work through all of my questions and issues. I can’t thank them enough and would hire them again.- Wendy G.
Tom and his staff understand the law very well. They are quick to return calls, take the initiative, and explain things in a way I can understand. From start to finish Tom was there to help me out every step of the way with our case. I am glad to have Tom and his team on my side. I simply cannot thank them enough!- Michelle M.
I found myself in a challenging & stressful situation that required legal representation and their attorney Paul Castronovo handled it beyond my expectations. Paul is incredibly experienced/knowledgeable and I just felt like I was in good hands the entire time. Paul has a calming demeanor too–which is helpful in these stressful situations. Paul helped turn my lemons into lemonade.- Tucker W.
Tom McKinney’s prompt attention, articulate and comprehensive advice addressed my Employment Agreement related issue. His confidence shined through instilling the confidence in me and peace of mind having him by my side. If you’re dealing with the proverbial ‘blood sucking’ company, look no further than Tom’s voice of reason.- Sweta M.
Going to Tom and his team for my case was the best decision I made. He was professional and knowledgeable in employment law. He helped me reach a resolution and I could not recommend him enough for anyone else out there.- Austin S.
Tom McKinney is one of the best attorneys that I know…whether to negotiate on your behalf or reviewing your agreement to make sure you are getting maximum value for your compensation. From stock options to deferred compensation. I have referred him to friends in NJ and NY.- Sean C.
I had Tom review my severance agreement. He provided a lot of valuable insight. I was able to go back to my employer with various points and double my package. Tom was prudent in having me use his services (told me to go back to my employer before fully engaging him) and I did not overpay when not needed. Other lawyers could have easily taken advantage of my situation and over-lawyered the situation.- Joe K.
We Have Answers!
How long do I have to sign the severance documents?
When companies terminate employees and provide a severance package, the goal of the severance is to benefit both the company and the employee. Therefore, the employee has time to review the agreement. Review timelines depend on employee age and the number of people terminated simultaneously.
- Employees under the age of 40 – No set time frame, but it must be reasonable and ample enough to review and understand the components.
- Employees over the age of 40 – 21 days to review and sign and 7 days to reconsider and revoke your signature.
- Multiple terminations at once – 45 days to review and sign and 7 days to reconsider and revoke your signature.
How is severance pay calculated?
Several factors go into severance pay amounts. Employees in higher management positions may receive additional benefits like longer pay terms, office equipment, or medical benefits.
Typical payouts can last up to 26 weeks and go by the following calculations:
- Hourly Employees: Number of years with company X 1 week of regular pay = Severance Pay $ Total
- Salaried Employees: Number of years with company X 2 weeks of regular pay = Severance Pay $ Total
Am I entitled to severance pay?
No, most companies provide a severance agreement when they lay off or fire an employee. Offering a severance package is entirely optional for the company. Most companies only do it to protect themselves from future lawsuits, the employee going to a competitor company, or adverse claims from the employee. The company takes multiple factors into account when preparing the packages.