Severance Package Question

[4RE KLR]

Wait a second here guys......

That depends of the terms of the severance. I have seen many severance packages where the parting employee forfeited any additional rights to any additional benefits, including COBRA ins, and or any other earned retirement benefits, and earned but unused time off pay. (unused vacation or sick days)

I have seen wording in them that says the parting employee may not use the company for a referance or show them as a past employer to any new potential employers. Or may not contact any remaining employees with the company and cannot even talk to anyone about the company or the departure unless ordered to do so by a judge in a court of law.

See if you can get a copy of the package and TAKE IT TO AN ATTORNEY. I think you may just find that you may be signing away everything. Severance package wording sometimes gets "wordy".


If you heed anything from what you read remember this....
"The big words giveth, and the little words taketh away"





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