Executive Severance Negotiations: Why You Need an Experienced Attorney

 If you’re an executive facing termination or have already been let go, the most critical first step is consulting with an executive severance attorney. At Mansell Law, our experienced team has helped executives increase their severance packages by millions of dollars. We understand the complexities of severance negotiations and are dedicated to ensuring you receive a fair and equitable package.

What Is an Executive Severance Package?

An executive severance package typically includes documents that offer benefits you’re not otherwise entitled to in exchange for something from you, usually waiving your right to pursue legal claims against the company. These packages often include severance pay and additional benefits, such as COBRA coverage or outplacement services. However, these agreements also often come with confidentiality and non-disparagement clauses.

Are Employers in Ohio Required to Offer Severance Packages?

Ohio law does not mandate employers to provide severance packages. However, if your employment contract includes severance provisions, your employer may be contractually obligated to honor them. Consulting with an attorney ensures you understand your rights and whether your severance package is in line with your employment agreement.

What Is a Typical Severance Amount?

There’s no standard formula for determining severance pay. Several factors influence the offer, including the company’s size, your tenure, position, the circumstances of your termination, and whether it was part of a larger workforce reduction. An experienced severance attorney can assess whether the offer is fair and help you negotiate better terms.

Why Should You Hire an Executive Severance Attorney?

Negotiating a severance package without legal representation puts you at a disadvantage. Mansell Law’s experienced employment attorneys will review the details of your employment and termination to identify any legal leverage you might have. We’ll handle all communications with your former employer, ensuring your interests are represented every step of the way.

Our attorneys will help you:

• Understand your severance agreement: We’ll answer all your questions and clarify any legal jargon.
• Identify negotiation strategies: We’ll evaluate potential legal claims that could strengthen your position.
• Maximize your severance package: Our goal is to secure the best possible outcome for you.

Even if a severance package wasn’t initially offered, it’s worth consulting with our executive severance lawyers in Columbus, Ohio. We’ll assess whether you have grounds to request or negotiate a severance package.

Contact Mansell Law for Expert Severance Negotiation

Mansell Law is committed to advocating for executives during severance negotiations. Our expertise in employment law and negotiation strategies ensures you’re not alone in this challenging time. Contact us today to schedule a consultation and take the first step toward securing a favorable severance package.

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