Virginia Severance Agreement Lawyer
Your job has just ended.
Sitting in front of you is an unsigned severance agreement.
At first glance, the severance agreement might as well be written in hieroglyphics, although you do see some dollar signs on the first page, and you could really use that money.
But you also you feel like your firing is unfair and wonder if you need to hire a Virginia severance agreement lawyer?
You know those dollars signs you saw on the first page come with a catch, but don’t know exactly what the catch is. You also don’t know if your severance package adequately compensates you for anything you might be giving up.
So what do you do? Perhaps hiring an employment law attorney is in order?
But before you get to that point, let’s go over severance agreements and give you a general idea of what you’re dealing with.
What is a Severance Agreement?
A severance agreement is a contract between an employer and departing employee where they each exchange something of value to each other. Generally, the employer gives cash and employment-related benefits to the employee while the employee gives the employer certain promises, such as not to sue the employer and maintain the confidentiality of information learned while on the job.
Severance agreements are not to be confused with severance packages. With severance packages, there is no contract and the employee receives the money or benefit with no strings attached.
Elements of a Severance Agreement
The exact provisions of a severance agreement will depend on a number of facts surrounding the employee’s departure. However, severance agreements have two primary sections, one that benefits the employee and one that benefits the employer.