Kimberly O’Sullivan is a severance lawyer in New Jersey (NJ) and NJ Severance Lawyer with Castronovo & McKinney, LLC. Kim practices in New Jersey and regularly advises clients on their severance agreements and negotiates better severance packages for them with increased severance pay and benefits. Kim’s experience with severance agreements can assist you in understanding your rights and responsibilities under the severance agreement and help determine whether your situation may allow you to negotiate changes.
Your company had attorneys draft the severance package to protect the company against lawsuits and competition. Kim recommends that all individuals who are offered a severance package hire a qualified attorney to review their severance agreements so they are aware of their obligations and to learn whether they have leverage to negotiate a better package. For example, you may have a possible lawsuit against the company. In signing a severance agreement, you will be giving up many rights, including the ability to pursue that lawsuit. You may also be agreeing not to compete with the company, which could prevent you from getting a new job for up to 2 years.
These items may be negotiated to benefit you. You can try and negotiate your severance agreement to see if you are able to increase the amount of severance being offered by the company or reduce the length of time for any agreement not to compete with the company.
You are free to ask questions regarding the agreement and see whether your employer will make changes. Please contact us if you would like to have your severance agreement reviewed or negotiated. Kim provides a free initial telephone consultation to discuss how the process works. Kim can explain how she can assist you with the review and possible negotiation of your severance package. Your employer has attorneys working for them and you should do the same.