Severance Agreement
The New York City severance agreement attorneys at Risman & Risman, P.C. protect employees' rights during job transitions.
Note: New York law generally does not require employers to pay severance unless promised by contract, policy, or plan.
Severance Negotiation
If you've been told your role is being eliminated, you're likely asking: Is this package fair?
Severance agreements often cover more than just a lump-sum payment.
Strong severance negotiations begin with understanding why you were selected.
Rights for Employees 40+ (OWBPA)
If you are 40 or older and asked to release age-discrimination claims, the agreement must comply with the Older Workers Benefit Protection Act (OWBPA).
- Clear, plain language referencing the ADEA
- Consideration beyond what you are already owed
- Written advice to consult an attorney
- 21 days to review (or 45 days in group layoffs)
- 7 days to revoke after signing
- Written disclosures in group layoffs showing the job titles and ages of those selected and not selected
Confidentiality & Non-Disparagement
In New York, confidentiality in settlements involving discrimination, harassment, or retaliation claims is tightly restricted.
Confidentiality and non-disparagement clauses cannot be enforced through liquidated damages or forfeiture of severance pay.
Contact A Seasoned &
Qualified Severance Agreement Attorney
Please feel free to call us at (212) 233-6400 or contact us online.