Oklahoma Severance Pay Lawyers
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 Pay in Oklahoma
If you’ve recently been fired or laid off from a job you’ve dedicated years to, there is a chance your employer offered you a severance package on your way out. While employment laws in the state of Oklahoma do not require companies to provide their laid-off employees with a severance package, many opt to do so anyway in order to protect themselves from any backlash or litigation.
Severance packages can look different from one company to the next, but they generally include severance pay and a continuation of benefits for an allotted amount of time. Severance pay in Oklahoma can come in the form of a lump sum, or a one-time payout, but that’s not always the case. Some companies opt to give their former employees severance pay over a series of continued paychecks or through other forms of compensation.
The total amount of severance pay an employee is offered is typically calculated based on the length of time the employee spent with a given company and their salary during that time period, but it is up to each company to decide how they calculate an amount. It’s important to note that Oklahoma employment law does not set a specific standard for the amount of severance pay someone should receive. Your final amount of severance pay does not have to match someone else’s at the same company, for example. You have the ability to negotiate.
Your former employer is offering money so that you agree to their conditions. It is therefore imperative to have a severance specialist take a look at your agreement before you sign. A severance lawyer will work with you to help you better understand your rights. They will review your employer’s offer with your best interests in mind so you can negotiate for a more beneficial severance package.
Your Rights in Oklahoma
In the state of Oklahoma, employment law dictates that all employees have the right to negotiate their severance package for a short amount of time after their termination. The review period is a minimum of 21 days for employees over the age of 40, but it may be longer if your termination came as part of a mass layoff.
You by no means have to accept your Oklahoma employer’s initial severance pay offer, even if the company already has certain policies in place. However, it is more challenging for employees to negotiate their severance offers when they’ve already signed a contract that addresses severance upon termination. For companies that do not address severance in their initial contracts with employees, there is more flexibility to negotiate for higher severance pay and an extended time period with health benefits.
A severance law specialist can advise you about how to move forward once they’ve reviewed all the details of your severance agreement. They can provide you with all the information you need to know about employment laws in Oklahoma and your specific agreement so you can walk into a severance negotiation with confidence.
If for any reason you are not comfortable negotiating with your employer directly, our team at Severance Lawyers can conduct negotiations on your behalf. Don’t allow your company to pressure you into quickly signing a severance agreement. You deserve everything you’re entitled to.
Who We Are
The Severance Lawyers have advocated for clients in all 50 states for more than a decade. We pride ourselves on getting positive results for our clients across a wide range of industries in the form of higher severance pay, extended benefits, and much more.
If you have any questions about the employment laws in Oklahoma, your recent termination, or a severance package you’ve been offered, do not hesitate to reach out to one of our team members by calling (800) 466-5015. Expect to hear from our office within 24 hours to schedule an in-person or virtual meeting to go over your severance agreement.
Schedule a consultation by calling (800) 466-5015.
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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!
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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.