Severance Negotiation And Executive Compensation

When separating from your position with an employer, proper compensation is certainly important to you.  You should make sure you are being paid appropriately as you progress in your career during times of transition.

If you are separating from your employment, either by your choice or your employer’s, you may want to consider negotiating a severance package.  Many employees simply assume they don’t have enough leverage to demand a severance.  However, you may have a valid legal basis that can help you get an offer of severance that you feel is appropriate as you move forward in your career.  You should know that in this down economy many employers are trying to cut corners by avoiding paying you the compensation and benefits to which you’re entitled.

You may work in a management or executive position with specific compensation and benefit issues that need to be evaluated and considered.  Some of these issues are retirement benefits, comprehensive medical insurance coverage, stock options, and bonus plans as well as residual commission compensation beyond your exit date.  A severance package for you may require a more detailed analysis and negotiation because it could include aspects regarding your future employment like non-compete and confidentiality agreements.

If you have been or believe you will soon be terminated, or you are thinking about leaving your current position, the employment law team at Henrichsen Law Group, P.L.L.C. can guide you through all phases of severance negotiations and compensation issues to ensure that you are protecting your future and career.  Our attorneys handle cases in the District of Columbia, Maryland, Virginia, New Jersey, New York, Florida, and Georgia.