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Scura, Wigfield, Heyer, Stevens & Cammarota Blog

Brendan Greve


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Is Your Severance Pay Worth it? Talk to an Attorney First.

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A severance agreement is a contract that employers often ask employees to sign upon termination. These agreements soften the blow of a firing or layoff because, in such agreements, an employer agrees to pay the terminated employee a specified sum of money that the employee is not normally entitled to receive otherwise. Severance pay is hard to turn down because it can help the terminated employee stay afloat while seeking new employment opportunities. However, severance agreements are not without cost.

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