Maximizing Your Executive Severance: Why You Need a Skilled Attorney

 Facing a potential termination as an executive can be a daunting experience. Understanding and negotiating your severance package is crucial to ensuring you receive fair compensation. At Mansell Law, our experienced executive severance attorneys have successfully negotiated millions of dollars in severances for our clients, putting them in the best possible position during such challenging times.

What Is an Executive Severance Package?

An executive severance package is a set of documents offered by your employer, providing benefits like severance pay, COBRA coverage, or outplacement services in exchange for waiving certain rights. This often includes agreeing not to pursue legal claims against the company and adhering to confidentiality and non-disparagement agreements.

Are Employers in Ohio Required to Offer Severance Packages?

In Ohio, employers are not legally obligated to offer severance packages unless there is a pre-existing employment agreement stipulating severance upon termination. This makes it vital to consult with an attorney to understand your rights and potential entitlements.

What Is a Typical Severance Amount?

Severance packages vary significantly based on factors such as the size of the company, your tenure, position, and the circumstances of your termination. There is no standard formula, which is why professional legal advice is crucial to ensure the severance offered is fair and equitable.

Why Hire an Executive Severance Attorney?

Negotiating a severance package without an attorney can leave you at a disadvantage. Our team at Mansell Law is dedicated to:

• Reviewing your severance documents: We thoroughly examine the terms to ensure they align with your best interests.
• Understanding your goals: We take into account your career objectives and any legal leverage you may have.
• Handling negotiations: Our attorneys communicate directly with your former employer, advocating for the best possible outcome on your behalf.

The Importance of Legal Leverage

Legal leverage plays a significant role in severance negotiations. Without an attorney, you might miss critical opportunities to use this leverage to your advantage. Hiring an attorney signals to your employer that you are serious about securing a favorable severance package.

Even Without an Initial Severance Offer, You Have Options

Even if you haven’t been offered a severance package upon termination, consulting with Mansell Law can help you determine if you have grounds to request or negotiate one. Our expertise in severance agreements ensures that you have the support needed to navigate this complex process.

Consult with Mansell Law Today

Don’t navigate severance negotiations alone. Contact Mansell Law’s executive severance attorneys in Columbus, Ohio, to ensure you receive the compensation and terms you deserve.