Non-Monetary Terms in a Separation Agreement
A terminated employee most often focuses on the monetary terms of a separation agreement. But, other terms can also be negotiated.
May 31, 2015
When a terminated employee negotiates a separation agreement, he most often focuses on the monetary terms of the agreement. But, as Dallas employment law expert Keith Clouse points out, other terms can also be negotiated. For example, an executive may consider negotiating:
Release from non-compete obligations. This is a tremendous benefit because it allows an executive to move forward with a job search in his preferred location or field.
Joint termination statement. The employer and executive can agree on how the executive’s departure will be characterized. They can also agree on what information the employer will share with third parties who may contact the employer for references.
Non-disparagement clause. Many employers ask executives to agree not to disparage the company, but an executive may ask the employer to do the same.
Outplacement services and office support arrangement. Some employers will agree to provide outplacement services up to a particular dollar amount or to allow the executive to retain the use of his office and secretarial support for a limited time.
Waiver and release. An executive should secure an agreement from the employer that the employer will not pursue any legal claims against the executive for acts arising from the employment relationship.
This article is presented by the Dallas employment attorneys at Clouse Dunn LLP. To speak to an employment law attorney, send an email to email@example.com or call (214) 239-2705.
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Dallas, Texas, United States, 05/31/2015 / Story.KISSPR.com /