Severance Negotiations and Agreements Lawyers Toledo, Ohio
For any individual, being severed from a company or organization can be very difficult. You have devoted your time, energy, and loyalty to a company that has not reciprocated. While the stress that comes with being severed from your position can be overwhelming, it is extremely important to give serious thought to any severance package that you are offered. A severance package can be a great way to “bridge the gap” between your former employer and your subsequent employer. A severance package allows both parties to move on without the expense and risk of litigation.
Speaking with a Toledo severance package lawyer if you are facing termination should be your next step if you find yourself in a situation where you have been offered severance. A severance package lawyer can assess the severance package you have been offered, along with attempting to negotiate the terms of that severance package to make them more favorable to you.
Why Are Severance Packages Offred?
Severance packages can be offered to employees for several reasons. They may be offered if an employee is terminated from a position, either voluntarily or involuntarily. Typically, an employer will take the amount of time an employee has worked for the company into consideration when offering severance but there may be numerous factors at play.
Common benefits that you might see in a severance package include:
- Severance pay
- Medical benefits or COBRA reimbursement
- Sick time, vacation time, PTO
- Outplacement services to assist in finding a new job
- A neutral or positive employment reference
- Payment of bonuses or discretionary pay
- Award of stock
It is important to note that an employer is not legally obligated to offer a severance package under any circumstance. The Fair Labor Standards Act (FLSA) does not list severance pay as a requirement either.
Should I Hire a Lawyer to Negotiate My Severance?
Speaking with a severance negotiation attorney in Toledo, Ohio before accepting a severance package will be beneficial to you. An attorney experienced in negotiating severance packages can ensure that you are receiving a fair severance package and they can also assist in the negotiation process if you wish to negotiate. Typically, signing a severance agreement means that you are waiving your rights to sue your former employer so it is wise to have an attorney review a severance agreement to ensure it is fair to both parties.
At The Friedmann Firm, our Toledo severance agreement attorneys are here to both review severance agreements and work on negotiating the terms of severance agreements. If you have been recently terminated or severed, your employer may have offered you a severance package. Understandably, you probably have questions related to what the provisions of the severance package mean, as it is usually written in legalese or language that may be difficult to understand.
It can be an important next step to have that severance agreement looked at by a severance attorney for Toledo, OH – no matter the industry that you are working in.
- Explain any element of the agreement so you fully understand the implications of accepting the agreement
- Negotiate the amount of severance pay you will receive
- Negotiate any terms of the severance agreement including terms like outplacement assistance, neutral references, stock, and profit-sharing options, and extended medical, dental, and vision benefits
Can Severance Pay Be Negotiated?
Anything can be negotiated. You can always try and negotiate the severance pay and the severance package you are being offered. There is no risk to doing so. Employees being offered a severance package will typically have 21 days to sign an agreement. During that time, you can review all the provisions included, you can speak with a severance package lawyer, and attempt to negotiate the terms of your severance agreement.
Take that time to review the pay and package as a whole and to consult with a Toledo severance lawyer. You can work with your Toledo severance agreement attorney to ensure the severance package is beneficial to you and is the best offer you can possibly negotiate.
Can a Lawyer Negotiate a Severance Package?
Yes, a Toledo severance agreement attorney will be able to negotiate on the severance package that you have been offered. We have negotiated severance for hundreds of employees and are very experienced in negotiating beneficial severance packages.
Connect With a Severance Negotiation Attorney in Toledo, Ohio
If you have been offered a severance package or find yourself in a situation where you believe that severance could be requested, reach out to the Toledo severance lawyers at The Friedmann Firm today.
You can call us at 614-610-9755 or schedule a consultation online.
AREAS OF PRACTICE
Rachel was absolutely amazing. As an attorney she really took the time to really listen to my concerns. She was honest and kept me informed every step of the way. The outcome was favorable on my behalf and I appreciate her efforts to achieve a good outcome. I would highly recommend her and the Friedmann firm to represent me if ever needed in future.
Working with Rachel Sabo from Friedmann Firm was absolutely amazing! She upholds integrity, honesty and without a doubt fights for what is right! Rachel was extremely transparent and real! Please don’t let wrong be right, Rachel will strive to advocate and put her whole heart in obtaining resolve in your situation! What an absolute blessing, she won my case in less than 1 week💪
My experience with the Friedmann Firm is an absolute 5 stars. From my very first call with Karen, to all of my communication with Rachel, everything exceeded all of my expectations. Rachel and Karen were so caring and understanding in a very sensitive situation. They responded immediately to any questions or concerns I had. I would HIGHLY recommend the Friedmann Firm. They are caring, professional, understanding, and I would trust them with any issue I have in the future.
Rachel and the Friedmann Firm were fantastic to work with. The thought of needing an employment lawyer was scary for me, it was confusing and complex. But Rachel listened, asked questions and took time to really understand me and my priorities. I felt calm, supported and excited for the first time in weeks after talking to her!! We worked together to review everything, set expectations and meet my priorities! Thanks Rachel and team for all your work!!!
Rachel Friedmann of the Friedman Firm was my attorney for a very recent legal matter. I would highly recommend Rachel based on her legal knowledge, her honest appraisal of the matter and expected outcomes, her open communication and timely responses to my questions and the matter itself, and her steadfastness in dealing with the opposing counsel until a final agreement was reached.
Rachel and her staff went over and above the call of duty to help me achieve fiscal resolution to my legal issue. She wasn’t always available to talk but was always responsive via text and email when in court out of the office and even on vacation. I feel she earned her percentage cut.
Couldn’t be happier with the representation I received from Jamie Bailey on my civil litigation case. She worked tirelessly to resolve the case and in the end negotiated a fair settlement on my behalf. I would highly recommend her to anyone! Thanks for everything Friedman law firm.
Friedman Firm was a great help in a difficult time in my life. They went above and beyond to get me back on track. Rachel was so good to work with and is extremely knowledgeable about the law and employment rights. Can't thank them enough for all there hard work. Highly recommend them to anyone.
The Friedmann Firm (specifically Pete Friedmann) represented me through what seemed like a never ending employment discrimination suit. The suit was filed just before Covid shut everything down in 2020. Add to that a former employer who refused to admit fault. In spite of all of that, Pete stood resolute in his representation of me and working for the best outcome for me. We ended up settling prior to trial and I was more than satisfied with the results. Pete was always available to answer questions and reassure me throughout this process. I highly recommend The Friedmann Firm!
Pete Friedmann and his firm are fantastic. He represented me for more than a year going through a suit with a previous employer. He walked me through every step of the process and was always quick to respond to any questions I had. My settlement came in and we parted ways with both sides being pleased with the outcome. I highly recommend the Friedmann firm and wouldn’t hesitate to use them again in the future if the need arose. Thank you, Pete!
Rachel and the Friedmann Firm have been amazing to work with. Rachel was very helpful, listened to our concerns and took our case. She communicated well throughout and really worked for us. We were very well represented!
I loved working with The Friedmann Firm. Rachel and Jamie are exceptional lawyers and were diligent in reviewing my case and letting me know of my options. Jamie was extremely thorough and handled even the smallest details of my case with ease. The entire process was seamless and they were always quick to respond to emails and calls. I would definitely recommend working with The Friedmann Firm.
I would recommend Rachel Sabo Friedmann and the Friedmann firm for severance negotiations. Rachel was always available and responsive and made an effort to ensure I was updated on every step of the process. Her diligent efforts produced a prompt resolution and we are very happy with the results!