For most New Yorkers, they understand how difficult it can be to get a job. Thus, one is often focused on keeping a position once obtained. However, this is not always in our control. In some cases, an employee can no longer work in an environment he or she believes is unsafe or hostile. In other cases, an employment dispute might be present, making it necessary for an employee to leave their place of employment. Depending on the situation, it might require entering into an agreement.
A severance agreement can be used as a contract between and employee that is leaving and the employer. This agreement essentially spells out that the employee will not sue the employer for whatever employment-related issue at hand, and in return, the employer agrees to give some form of extra compensation to the employee, which is usually money or extended benefits.
At Mitchell Pollack & Associates, PLLC, our skilled legal tam can help you understand the ins and outs of this agreement. The most important thing to keep in mind when it comes to a severance agreement, it is necessary for an employee to receive consideration in exchange for the release of liability of the employer.
Our attorneys take the time to help our clients understand the details of these agreements and what it means to agree to the terms. One should be cautious when signing these agreements, as they should be well informed about what they are agreeing to at the time of termination or resignation. This will help an employee understand whether or not entering into such an agreement is right for them.
To learn more, check out our law firm's employment law for employees website. Dealing with employment law issues can be challenging, causing employees to be unsure about how to address them or resolve the matter. It is important to take the time to understand your legal options.