Severance agreements, sometimes also referred to as separation or exit agreements, should be carefully reviewed by an employment law attorney before being signed by an employee or an employer. At Matheson & Matheson, P.L.C., our lawyers have significant experience drafting, negotiating and reviewing severance agreements for clients in Scottsdale, Phoenix and throughout Arizona.
Severance Agreements In Arizona
Severance agreements are intended to help the newly unemployed manage the transition from one job to another. Typically, a severance agreement will protect the employer from being sued by the departing employee. They may also prohibit the employee from seeking unemployment benefits.
Severance agreements can address a broad range of issues, including:
- Additional payment
- Payment for unused vacation or sick time
- Employment benefits such as health and life insurance
- Retirement assets
- Stock options
- Restrictions on future employment and divulging of intellectual property
- Positive referrals and non-disparagement
A severance contract with ambiguous language can expose employers and employees to risk. We draft strong, enforceable severance contracts that stand up to scrutiny.
If you are seeking legal guidance concerning a severance agreement in Arizona, our lawyers are here for you. Contact us online or by telephone at 480-889-8951 or 866-521-0720 to schedule an appointment to discuss your case with one of our attorneys. Our office is located in North Scottsdale near the Frank Lloyd Wright exit off the 101 freeway.