Severance

NJ Severance And Executive Compensation Lawyers

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

Severance Packages for Employees

Neither federal laws nor severance laws in NJ 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 job reorganization, restructuring, or downsizing, but some employers pay severance to terminated employees in recognition of past service. Severance packages may also be negotiated at the outset of employment with the help of a NJ severance lawyer.

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

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

Executive Compensation Attorneys

Deutsch Atkins, P.C. has successfully represented thousands of executive and professional employees in employment contract and severance package negotiations. Our NJ executive compensation lawyers assist executives in negotiating employment contracts with beneficial severance packages prior to beginning work with an employer, as well as renegotiating packages upon termination, to obtain substantial enhancements over the initial employer offer.

Although severance pay is a large aspect of a severance package, an experienced NJ executive compensation attorney should negotiate all benefits of an executive's severance package, or golden parachute. These benefits can include:

• Severance pay
• Cash bonuses
• Employment benefits
• Stock options and other equity arrangements
• Retirement and pension plan benefits

Our NJ executive compensation lawyers have obtained the value of lost stock options and structured settlements in tax-favorable ways for the benefit of our clients.

CONTACT US

Contact the NJ severance lawyers and NJ executive compensation attorneys at 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.