Severance Negotiation

Whether due to downsizing, restructuring, or individual circumstances, navigating the complex and delicate process of severance negotiation in New York and New Jersey can be a challenging and emotionally charged. Brustein Law understands the intricacies and nuances of severance negotiation and is here to guide you through the process, ensuring you reach the best possible outcome.

What is Severance Negotiation?

Severance negotiation is the process where an employee and employer come to an agreement regarding the terms and specifics of the employee’s employment termination. This agreement often includes critical factors such as financial compensation and the continuation of benefits. The negotiation process is designed to protect the interests of both the employer and employee, along with ensuring a smooth transition into the employee’s next role or retirement.

What Can Be Achieved Through Severance Negotiation?

When conducted effectively, Severance negotiations, when conducted effectively, can result in a range of favorable outcomes for the departing employee. The specific terms of your severance negotiation can vary greatly depending on the specifics of your job, but some of the most common terms that are negotiated include:

  • Severance pay

  • Continuation of salary and benefits

  • Stock options and equity

  • Confidentiality agreements

  • Non-compete and non-solicitation clauses and their duration

  • Confidentiality agreements

  • Future references

  • Timing of departure

  • Outplacement services

  • Return of company property

  • Legal releases

Why Hire an Attorney for Severance Negotiation?

While some employees may attempt severance negotiations independently, having a skilled and seasoned attorney by your side can significantly increase your chances of achieving a favorable outcome. Some of the most compelling reasons to hire an attorney for severance negotiations include:

  • Legal Expertise

    Employment laws in New York and New Jersey can be complex. You may not necessarily recognize when the law is on your side and how it can factor into or even benefit you in severance negotiations. An experienced attorney can help you understand the legal landscape to ensure you receive everything you are legally entitled to.

  • Maximizing Compensation

    When you have a skilled negotiator by your side who can present your case in the best light possible, you can maximize your financial benefits in severance negotiations.

  • Protecting Your Rights

    Your employer isn’t going to be looking out for your rights in severance negotiations. An experienced attorney can ensure that your rights are protected throughout the severance negotiation process, preventing any future legal trouble

  • Emotional Distance

    Losing or leaving a job can be an emotionally charged experience, and it may be difficult to keep your emotions at bay and think rationally during the severance negotiation process. An attorney can maintain objectivity and professionalism while negotiating for your best interests.

Contact Our Experienced Severance Negotiation Team Today

If you are navigating the complexities of severance negotiation in New York, the seasoned team at Brustein Law is here to guide you through the process. Let us advocate for your best interests during this trying time. Having a skilled attorney by your side can make a huge difference in securing a favorable outcome. Contact us today for a free and confidential consultation.