New York City Severance Package Lawyer & Severance Pay Negotiations
LEGAL REVIEW AND NEGOTIATION OF A SEVERANCE PAY PACKAGE
What Should I do if I am Laid off and Receive a Severance Package or Severance Pay Agreement From an Employer Located in New York City?
Many New York City employers including but not limited to Goldman Sachs, Citigroup, UBS, HSBC Bank USA, Morgan Stanley, J.P. Morgan Chase & Co., Bloomberg, Jeffries & Co., AllianceBernstein, News Corporation, Time Warner, American Express, Philip Morris International, Bristol-Myers Squibb and Pfizer are laying off or letting go many employees in this difficult economic climate. Our Employment Law Attorneys can help guide you if you are laid off or having problems at work and fear your employment may be terminated.
This may be your first experience with a severance agreement. It's not ours. Our Severance Agreement Lawyers have reviewed, drafted and/or negotiated thousands of Severance Package Agreements - Do not sign until you learn your rights and maximize your compensation.
Our New York City Severance Package Agreement Lawyers have advised Fortune 100 companies on severance packages, plant closings and layoffs and, are now using this valuable experience, to successfully represent current and former employees to obtain greater compensation (payable in a lump sum or weekly), a longer employment period and delayed termination date, longer periods of health insurance coverage and other valuable benefits in severance packages. If you have been presented with a Severance Pay Agreement, don't sign it until you learn your rights and maximize your compensation and benefits - call now to speak with one of our New York City Severance Agreement Attorneys at (800) 893-9645 or send us an email. Our New York City Severance Agreement Attorneys will answer all your questions regarding the terms of severance, explain the terms of the Severance Agreement, inform you of your legal rights, and negotiate your severance agreement in order to maximize your compensation, benefits and perks.
What Should a Typical Severance Agreement Include?
- * Amount of the severance payment(s) and taxation considerations
- * Term and payment methods for severance monies
- * Payment for unused vacation, personal and sick time
- * Date of termination
- * Agreed-upon language for reference purposes
- * Extended coverage of health insurance benefits
- * Scope of Non-Competition, Non-Solicitation and Non-Disclosure obligations
- * Consideration of Unemployment Insurance Benefits
- * If applicable, uniform application of severance pay calculator computations.
It is very important for employees to review their severance packages with an experienced employment lawyer so that they understand and fully appreciate the benefits and obligations imposed in the Severance Agreement. As severance agreements may bar employees from bringing future lawsuits against their employers for claims such as employment discrimination, sexual harassment and payments owed such as bonuses, it is crucial to review the severance agreement and the circumstances of your termination to determine if any claims exist prior to signing. Call now to speak with one of our New York City Severance Attorneys at (800) 893-9645. Learn your rights before you release and waive all your claims against your former employer.
What Will Your Legal Severance Review Include?
A paragraph by paragraph legal review of your severance agreement explaining the specific legal issues, practical considerations and consequences. Our Employment Law Attorneys have reviewed and analyzed thousands of severance agreements and that experience will be protecting you;
Analysis of the factual and legal issues surrounding the termination of your employment including the viability and strength of any possible employment law claims that you may have. We will counsel you of your right to bring a lawsuit or a complaint with the New York State Division of Human Rights, EEOC, or Department of Labor and the potential value of such a claim;
A valuation of severance pay and benefits available to you;
The availability and proper cost of COBRA health insurance coverage and your eligibility for state unemployment insurance benefits;
Analysis regarding the impact of any restrictive covenants (non-competition and non-solicitation agreements) that you may be bound by and other issues affecting your future employment; and
If we are retained, our Severance Lawyers will negotiate your severance package to obtain a great severance payment for you.
Our New York City Severance Package Lawyers have frequently lectured on severance pay issues and have written many articles on Severance Pay on our Employment Law Blog including Top 10 Things to Know Before Signing a Severance Agreement. Click below for more of our informative blog articles.
"Highly recommended. I was devastated when I got fired. I did not know what to do but was lucky to find your law firm. Mr. Sanchala explained my severance agreement to me in plain english and was able to get my family more money." - Former Client
New York Employment Lawyer Blog - Severance Agreements FAQ's
* New York City, New York Severance Package and Employment Lawyers Q&A: I just got laid off from my job. Am I Entitled to Severance Pay? No. Unless there is a contractual obligation or a controlling employment policy requirement, an employer does not have to pay severance pay to a ....
* Severance Package Negotiations Q&A: Is Severance Pay Taxable? This is a very common question received by our New York Severance Package Attorneys. It is important to seek the advice of your tax professional regarding ....
* Severance Package Lawyer Update: Should My Severance Pay Include Payment for Accrued Vacation Days? This is a common question that our New York and New Jersey Severance Pay Lawyers regularly receive from our clients. In New York, except in very ....
Our New York City Employment Law Employee Rights Attorneys also represent employees in unpaid wage claims, overtime pay claims, non-competition agreement claims, discrimination and retaliation claims.
Our New York City Employment Law Defense Attorneys represent employers in defending charges of employment discrimination before the New York State Division of Human Rights and EEOC. We also defend employers in federal and state court for baseless claims of unpaid wages under the FLSA, employment discrimination and sexual or racial harassment claims before the NYSDHR and EEOC and other common law claims.
Our Employment Law Attorneys represent clients throughout New York City (Manhattan, Brooklyn, Bronx, Queens and Staten Island), Westchester County (including but not limited to White Plains, Yonkers, Mount Vernon, Tarrytown, Scarsdale, Hastings, Ardsley, Dobbs Ferry, Irvington, Rye, Rye Brook, and Harrison), Rockland County (including but not limited to New City and Nyack), Long Island (Nassau County and Suffolk County), New Jersey (including but not limited to Bergen County, Somerset County, Essex County, Hudson County, Union County, and Middlesex County) and Connecticut (including but not limited to Stamford, Greenwich and Norwalk).