What Does the Release of Claims in My Severance Agreement Mean?
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The severance agreement you were given most likely contains a page or more describing all of the things you are releasing your employer from if you sign. It will be full of acronyms and references to statutes, and can be hard for people to wade through if they are trying to understand the agreement.
The short answer is that these dense paragraphs are meant to capture any employment-related claim the employer's lawyers can think of, to be absolutely sure they are covered. Though it is always possible somebody made a mistake, you should assume if you sign the agreement that you are giving up the right to bring legal action against your employer for anything whatsoever that occurred prior to you signing the document. This is the main reason it is important to consult with an employment attorney before signing a severance agreement, especially if you have any concerns about the nature of your termination, whether you were fully paid your wages, commissions, or vacation pay, or any other aspect of your employment relationship. Learn more here about evaluating a severance agreement. |
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