Severance Packages

Pre-eminent New Jersey Employment Law Firm
Severance Packages For Employees

Deutsch Atkins, P.C. is northern New Jersey’s largest, and one of the most respected, plaintiff’s employment law firm.  The firm has extensive experience representing employees in severance package negotiations.  If your employment has been terminated and you need legal advice regarding your severance package, contact Deutsch Atkins, P.C.

Protect Your Rights/Maximize Your Compensation

State and Federal employment laws do not require employers to pay severance upon the termination of employment.  However, when a company has a severance pay policy, the company must follow that policy.  Typically, employers only provide severance pay to employees who are laid off because of a job elimination resulting from a reorganization, restructuring, or downsizing, but some employers will give severance pay to employees terminated for poor performance, in recognition of their past service.  Severance packages may also be provided as part of a previously-negotiated individual employment contract.

Particularly when there is a meritorious legal claim, legal counsel may be able to negotiate a better severance package.  In addition to obtaining more severance pay and health benefits, an experienced attorney may be able to modify or remove objectionable provisions, such as non-compete agreements. 

Deutsch Atkins, P.C. has successfully represented thousands of executive and professional employees in severance package negotiations, obtaining substantial enhancements over the employer’s initial offer.  The firm has obtained the value of lost stock options and structured settlements in tax-favorable ways. 

Employers almost always require that an employee sign a Separation Agreement and General Release in return for all or part of the severance pay.  Such agreements may include restrictive covenants such as non-compete agreements, limiting the employee’s employment opportunities after termination of employment.  The employment and litigation attorneys at Deutsch Atkins, P.C. negotiate severance packages in a manner which protects your rights and maximizes your compensation. 

CONTACT US

Contact Deutsch Atkins, P.C., for a free phone consultation or an in-person consultation.  Our firm has offices in Hackensack, Bergen County, New Jersey; Rockland County, New York; and mid-town Manhattan.