Important Factors to Consider when Negotiating Severance Packages in Tennessee

Sometimes employees and employers terminate their work agreement. This can be for a variety of reasons, not just for a job that was poorly performed. If you or someone you know finds that you are in a situation where you are asked to part ways with your employer, there are important things you should know and consider when negotiating severance Packages with the business or your employer. Negotiating severance packages can be difficult and if you find that you have questions or need help, it is important that you talk to a Tennessee severance negotiation lawyer immediately. They will hear your case and help answer any questions you have to help make sure you get the pay you deserve for your situation.

The first factor that you should consider when negotiating you severance package is that not all pay is just monetary. Benefits such as medical insurance, life insurance, bonuses you may have been up for, and unused vacation and sick days may also be up for negotiation. You should also consider negotiating to get packages such as pension, 401K, and stock options vested. If it is stock options, you typically will have ninety days to use them and you may be able to negotiating an extension to this.

Another factor to consider when negotiating severance packages is to avoid non-competes and waivers. Non compete agreements will lower the amount of companies you are allowed to work for in the future which is not good if you are laid off or lose your job. If you sign a waiver, you are giving up your legal rights to take action against the company if you were fired due to discrimination. The final and perhaps the most important factor to consider when negotiating severance packages is to have a Tennessee employment severance package negotiation attorney help you with the process. They can help you to understand the documents you may be asked to sign. They can also make you aware of your legal rights and options when handling negotiations and help you to negotiate the best severance package for your needs.

If you feel that your employment at your current workplace may be coming to an end or feel that your rights have not been upheld, we strongly suggest that you contact one of our experienced and compassionate Tennessee severance package negotiation attorneys at the Higgins Firm as soon as possible. We care about our clients will hear your case, help you review your options, and help answer any questions you may have to help see to it that you receive the best severance package for your particular situation and for your future.