Thomas A. McKinney, Esq. has been reviewing and negotiating severance agreements and separation agreements for his entire career throughout New York and New Jersey. Tom is a partner with Castronovo & McKinney, LLC in New Jersey and New York. Tom has reviewed over 1,000 severance agreements and successfully negotiated client’s severance packages to increase the amount of severance pay and benefits. Tom’s experience with severance agreements will allow him to provide you with the proper guidance regarding the agreement.
Your employer has hired a team of attorneys to draft the severance package being offered to you so that the company is protected in the future from any claims that may be filed against the company. Tom strongly recommends that all individuals who are offered a severance package hire a qualified severance lawyer to review the agreement so that the individual is aware of what they are signing, to confirm whether they have leverage to negotiate an increase in the severance and benefits and to determine whether there is a potential claim against the company that could be more valuable that the severance currently being offered.
Please keep in mind that you will be waiving various rights by signing a severance agreement. You may also be agreeing not to compete with the company, which could prevent you from obtaining alternate employment for up to 2 years. All of these items can be addressed by you and a severance agreement is not a take-it or leave-it type of deal. You are free to ask questions regarding the agreement and see whether the company will agree to make certain changes.
Please contact us if you would like to have your severance agreement reviewed or negotiated. Tom will be able to assist you regarding any needs that you may have related to your severance agreement. Tom provides a free initial consultation to discuss how the process works.