What is a Severance Package?
A severance package is the pay and benefits that an employee is offered, or may be otherwise entitled to, after a discharge, lay-off or forced retirement. It may include continued salary for a time period, payment for unused vacation hours, or even continued insurance benefits. When you retire, a severance package may include retirement benefits or stock options. We can help you assess whether the severance package you were offered is fair considering the specifics of your employment. If the severance package you were offered is not reasonable or adequate, we may be able to help you to negotiate better terms to help bridge the gap to your next job. Our firm is skilled at recognizing if a package was offered because you were wrongfully terminated, and we can help you protect your right to file a discrimination claim when necessary.
