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Severance Packages

NJ Severance and Executive Compensation Lawyers

Negotiating and litigating to protect your rights

Deutsch Atkins & Kleinfeldt, P.C. is one Northern New Jersey’s largest and most respected plaintiffs’ 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 New Jersey or New York or your rights under your particular contract, Deutsch Atkins & Kleinfeldt, P.C. can help.

Severance packages for NJ 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.

Employers generally require an employee to sign a Separation Agreement and General Release that explains their right to severance pay. These agreements may include restrictive covenants, such as noncompete agreements, that limit the employee’s job opportunities after termination.

Senior-level employees can also negotiate severance packages at the outset of employment with the help of an employment contract lawyer. In addition to obtaining higher pay and health benefits, an experienced attorney may be able to modify or remove objectionable noncompete provisions. The NJ severance attorneys at Deutsch Atkins & Kleinfeldt, P.C. negotiate severance packages in a manner that protects your rights and maximizes your compensation.

Issues frequently arise when companies deny terminated employees their full compensation under their severance agreements. Our employment litigation attorneys work aggressively to resolve severance disputes in our clients’ favor.

NJ executive compensation attorneys help maximize pay and benefits

Deutsch Atkins & Kleinfeldt, P.C. has successfully represented thousands of executive and professional employees in employment contract and severance package negotiations. We assist in negotiating employment contracts prior to beginning work with an employer. Later, depending on the circumstances leading to an executive’s departure from a company, we can often renegotiate packages to obtain substantial enhancements over the initial agreement.

Although pay is a large aspect of a severance package, an experienced NJ executive compensation attorney should negotiate all potential benefits to construct a true “golden parachute.” These benefits can include:

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

In many cases, our NJ executive compensation lawyers have done more than obtain valuable benefits for our clients; we have also negotiated payment structures that minimize our clients’ tax exposure.

Contact our NJ severance lawyers and NJ executive compensation attorneys

Deutsch Atkins & Kleinfeldt, P.C. has vast experience negotiating and litigating severance packages and other aspects of executive compensation. To schedule a consultation, call 551-245-8894 or contact us online. Our firm has offices in Hackensack, Bergen County, New Jersey and Rockland County, New York.

Neil  H.  Deutsch Attorney Photo
Neil H. Deutsch

Neil H. Deutsch has been practicing law for over 35 years and is known as a skilled negotiator in employment and discrimination law. He believes in a bottom-line approach of risk analysis and cost effectiveness for his clients. "Case evaluation is something we take seriously," says Mr. Deutsch who seeks top net dollar for his…

Bruce  L.  Atkins Attorney Photo
Bruce L. Atkins
Senior Partner

Bruce L. Atkins is regarded as one of New Jersey’s premier practitioners of employment and civil litigation. He has been selected to the New Jersey Super Lawyers prestigious list every year since 2005.  This honor, bestowed upon a recipient by the votes of his peers, is a powerful nod to the skill Mr. Atkins brings…

Adam  J.  Kleinfeldt Attorney Photo
Adam J. Kleinfeldt

Adam J. Kleinfeldt joined Deutsch Atkins & Kleinfeldt, P.C. in March of 2015.  He primarily represents individuals in employment litigations such as discrimination, retaliation, and whistle blowing matters.  He has extensive experience in all phases of the litigation process. Adam has obtained significant results for some of his clients, including a $525,000 jury verdict in…

Diane  Englander  Peyser Attorney Photo
Diane Englander Peyser

Diane Englander Peyser joined Deutsch Atkins & Kleinfeldt, P.C. in September 2018 where she represents employees in wrongful termination, retaliation, harassment, and discrimination matters. Prior to joining Deutsch Atkins & Kleinfeldt, P.C., Diane represented clients in all aspects of employment law on behalf of employees involving unemployment appeals, claims of sexual harassment, LGBT discrimination, disability…

Debra M. McGarvey Attorney Photo
Debra M. McGarvey

Debra M. McGarvey joined Deutsch Atkins & Kleinfeldt, P.C. in December 2019. She has extensive experience defending employees and employers in state and federal court in employment litigation matters. She has represented clients on various issues arising out of the New Jersey Law Against Discrimination (NJLAD), the New Jersey Conscientious Employee Protection Act (CEPA), the…

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    I don’t usually write many reviews, but in early 2021 I was asked if I wanted to write an update to my initial review talking about my experience as a client, so I said “yeah I want to talk, but for just a minute.” After a long and voluminous l...

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    Ben R

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    Diane Englander Peyser and Bruce Atkins provided extensive subject matter knowledge and guided us through very complicated legal system; resulting in positive outcome that we could not have achieved on our own. Great office atmosphere with friendly a...

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    Psiumis J

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    I am extremely satisfied with my experience with Duetsch Atkins & Kleinfeldt law firm. Diane Peyser was always attentive with any questions or concerns I had during my case. I always felt like I was her number one priority when I needed her during t...

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    megan verrico

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    I am grateful to Bruce and his firm for his professionalism and guidance. His experience and calm demeanor really helped me through a tough case. He settled it very quickly which allowed me to put it behind me and move on. I highly recommend Bruce.

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    T Cates

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    Having been a litigation attorney myself, I've seen it all from the "inside". I know that far too many lawyers care only about profit and have very little interest in the actual law or their clients. So I was very careful in selecting an attorney t...

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