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Severance Packages

NJ Severance and Executive Compensation Lawyers

Negotiating and litigating to protect your rights

Deutsch Atkins, 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, 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, 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, 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, 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; Rockland County, New York; and Midtown Manhattan.

Neil  H.  Deutsch Attorney Photo
Neil H. Deutsch
Senior Partner

About 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…

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

About Bruce L. Atkins is regarded as one of New Jersey's premiere practitioners of employment and civil litigation. Mr. Atkins has also been included in the Thomson Reuters list of New Jersey Super Lawyers* in Employment Litigation since 2005. Mr. Atkins believes employees have rights that should be aggressively pursued when an employer has wrongfully dealt…

Adam  J.  Kleinfeldt Attorney Photo
Adam J. Kleinfeldt
Partner

About Adam J. Kleinfeldt joined Deutsch Atkins, 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 a…

Robert  J.  Pantina Attorney Photo
Robert J. Pantina
Attorney

About Robert J. Pantina joined the firm in 2018. Mr. Pantina received his B.A. from Rider University in 2008. He received his J.D. from the Elisabeth Haub School of Law at Pace University in 2017. While in law school, Mr. Pantina interned for the Hon. Bonnie J. Mizdol, Assignment Judge of the Superior Court of…

Diane  Englander  Peyser Attorney Photo
Diane Englander Peyser
Attorney

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

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