As a Milwaukee Employment Attorney, I am often asked to review proposed Severance Agreements for employees, professionals and executives. As these agreements almost universally contain a release of claims, the first, and most important step is to evaluate what employment law related claims the employee will be releasing by signing the agreement. One cannot determine whether the monetary consideration provided …
Severance Agreements – Frequently Asked Questions
What is a Severance Agreement? A severance agreement is a written contract between an employer and an employee which typically provides the employee with monetary compensation and/or a continuation of benefits at the end of the employment relationship in exchange for the employee’s release of claims they may have against the employer. Is My Employer Required To Offer Severance? Maybe. …