Often times when employees are given severance payments from an employer they feel, they are entitled to more and maybe it has been based on the fact that you worked for the company for a very lengthy period of time, it’s not unusual for employees to work for companies for fifteen, twenty, twenty five years or more, to receive a severance package and then they contact me and say, you know after twenty years of service you think they would be treating me better or differently. There are also other things that come into play, there are often times issues with bonuses or commissions that have been earned and not yet paid and whether you are entitled to those. There are often times with stock options and whether they are vested and a lot of times there are issues with how much accrued time you have and you want to receive a lump sum payment for all that vacation time you weren’t able to use over twenty or twenty five years because your employer kept you so busy that you couldn’t take your vacation time and when you visit an attorney in Westchester County to speak with them about your severance package certainly at Gould and Berg in White Plains Plain, NY we look at all facets of your employment package, of the terms and conditions of your employment and of the benefits. There is a well rounded perspective that needs to be examined in order to determine whether there are things that can be negotiated to give you an advance package. A lot of times employers issue severance packages that are standard and they may be based on years of service or they may be based on past practice and some of them may cap out after a certain number of weeks or months of severance pay. Often times there are situations where that’s not the case and employers are more often willing to negotiate the package in a way that will make you feel you are leaving and parting the company on positive terms, going forward not only on their side but for yours.
This informational blog post was provided by Kim Berg, an experienced White Plains, New York Employment Attorney.