Executive Severance Agreements Lawyer Columbus OH | Employment Attorneys

 Severance agreements can be complex and often include restrictive covenants and executive non-compete clauses. It is also important to make sure the severance addresses all aspects of executive compensation including bonuses, long term incentive compensation, equity, stock options, and stock units (RSUs). To fully understand the terms and conditions in your executive severance package, it is essential to consult with an employment lawyer. Once you have signed an agreement, you usually cannot revoke your acceptance after a certain time period has passed.

Expert employment attorneys in Columbus, OH specializing in executive severance agreements. Get legal support today.
Severance packages and agreements are legally binding contracts. A severance outlines the rights and responsibilities of both the executive and the employee regarding the separation from employment.

A Severance Agreement outlines the terms of a severance compensation (which may include various terms of compensation, bonuses, equity, etc.) and benefits package, as well as the conditions that could cause the package to be given or withdrawn.

The severance agreement should offer some compensation or “consideration” beyond that which you are already entitled, such as your final paycheck and compensation for accrued but unused paid leave. In exchange, you may be giving up some rights, such as agreeing not to sue your employer for any potential discrimination or harassment claim or wage and hour violation. You could be in a very strong bargaining position if your employer thinks you have a case against it and wants you to go away quietly. Having an experienced employment lawyer negotiate on your behalf shows your employer that you are serious about protecting yourself and understand the value of your position.
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