Severance Agreement

Although not required under Tennessee law, an employer may offer or agree to a negotiated severance agreement. Just as an employer is not required to offer one, an employee is not required to agree to a severance package if they do…

Losing your job is never easy, and if a severance agreement is offered, it can be tempting to jump at the offer without really considering its ramifications. After all, facing an uncertain future can make any amount of severance pay look attractive.…

A severance agreement has been delivered to you to evaluate and sign. This is a legal document that has legal ramifications. You’re probably dealing with serious job insecurity right now; if you don’t have another job lined up, there’s no…

Company Severance Policies When a company has formal severance policies, it will include: Purpose- The company will establish the purpose of the severance plan, which is generally to provide assistance to employees while they seek other employment. Conditions for paying…

Memphis TN Severance Agreement Attorney: As a self-thought diligent employer, you were made to sign a severance agreement in your workplace. The agreement clearly states that you have surrendered your claims under a number of laws (federal and state) that…

The Employee Retirement Income Security Act (ERISA), also colloquially known as the Employee Benefits Security Act, is a federal law that helps regulate employee-provided pension plans. While ERISA does not require employers to provide pension plans, ERISA regulates pension plans…

Companies are not required to give severance packages to all employees. There are only two exceptions when a company is to give severance packages. First, some states have laws that require employers to offer terminated employees severance pay when their…