Employment Separation Agreement New York

Whether you can or should negotiate the terms of your New York separation agreement depends on your leverage. When it comes to assessing your bargaining power, one of the most common clauses in a New York severance pay agreement is a “general declassification of all claims.” Look for a general release at the end of a severance package – it normally starts with something like: “You agree to release all claims… Some shares are “limited” or only apply to certain claims, but most apply to all kinds of claims, and you can no longer blame the company for previous claims or claims you have against them. At first glance, the idea of severance pay may seem like a friendly move, but it may not be as real as you think. Separation agreements not only give you money or benefits, but also take things away from you. It`s natural to think that as an employee about to be fired, you have one major concern: money…

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