Maine Severance Pay Attorneys
Easy 4-Step Process
Call us or fill out a contact form.
Our office will schedule a date and time for the meeting (either in person, Zoom or by phone). All meetings can be scheduled within 24 hours.
Our severance package lawyer will conduct a thorough review of the agreement before discussing it carefully with you and answering your questions.
Our attorneys will send you a detailed email regarding any changes, revisions, or other items that need addressing with your previous employer. You will then have the option to negotiate with your employer directly on your behalf to retain us to negotiate for you to try to improve the terms and amount of severance pay.
Severance Packages in Maine
If you’ve recently received a severance agreement from your former employer, it may seem like a blessing to have continued benefits while you look for new work. Yet while many severance agreements look attractive on the surface, they are ultimately designed to protect the employer. By signing, you may be waiving your rights to sue the employer, work with related companies, and or pursue other legal actions in the future. This is why you need employment lawyers from Maine on your side.
Our Maine labor lawyers will help you better understand what’s offered in your severance package, learn more about which clauses could pose financial or legal issues in the future, and properly negotiate your agreement to receive the benefits that you deserve as you make this transition away from your former employer.
Your Rights in Maine
Having a thorough understanding of your rights as an employee in Maine can make a world of difference in your severance negotiations, and the right employment lawyers can help you navigate the process. Maine is unlike many other states in that it does have laws regarding severance. Although some companies in the state may offer severance packages of their own volition, any employer that closed an industrial or commercial facility employing 100 or more employees within the past 12 months must offer severance pay to each affected, eligible employee in the amount of at least one week’s pay for each year of employment.
Regardless of your exact situation, Maine also gives you the right to review and negotiate additional severance clauses, such as a non-compete, before signing. Working with employment lawyers in Maine will enable you to negotiate your severance package to get everything you’re entitled to. If you have any hesitation about the process or concerns about the information your employer has shared with you, now is the time to reach out to a severance law specialist in Maine.
Who We Are
Our Severance Lawyers are dedicated to helping you properly negotiate your severance agreement so that you can walk away from your former employer completely satisfied and with your rights intact. It’s quite likely your former employer has a legal team advising them in the severance process. It’s your right to do the same. Our labor lawyers in Maine are ready to guide you through our easy 4-step severance agreement review now.
Schedule a consultation by calling (800) 466-5015.
- Al W.
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.
- Wendy G.
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.
- Michelle M.
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!
- Tucker W.
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.
- Sweta M.
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.
- Austin S.
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.
- Sean C.
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.
- Joe K.
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.
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.