Being presented with a severance agreement can be overwhelming, especially if you're also dealing with the emotions and uncertainty of losing your job. In Hackensack and throughout New Jersey, employers often offer severance packages as part of layoffs, restructuring, or negotiated exits—but not all severance agreements are fair or legal.

NJ Employment Lawyers, LLC helps employees in Hackensack understand, evaluate, and negotiate severance agreements to protect their rights and secure the compensation they deserve. Before signing anything, make sure you know what’s really at stake.

What Is a Severance Agreement?

A severance agreement is a legal contract between an employer and an employee that outlines the terms of separation. In exchange for receiving compensation or benefits, the employee usually agrees to certain conditions, such as:

• Releasing the employer from future legal claims
• Agreeing to confidentiality or non-disparagement clauses
• Restricting future employment through non-compete or non-solicitation clauses

While severance pay is not required by New Jersey law in most cases, once an agreement is signed, it becomes binding—so it’s crucial to fully understand its terms.

Key Issues to Watch For

Severance agreements can contain language that may limit your future employment opportunities or waive significant rights. Employees should pay close attention to:

• Waiver of legal claims: Are you giving up the right to sue for discrimination, retaliation, or unpaid wages?
• Non-compete clauses: Are you being restricted from working in your field or region?
• Payment terms: Is the severance pay fair, and when will it be paid?
• Benefits continuation: Will your health insurance or retirement contributions continue for a period?

These terms can significantly affect your financial security and future employment. Never sign a severance agreement without reviewing it thoroughly or speaking to a legal professional.

Can You Negotiate a Better Deal?

Yes. Severance agreements are often negotiable, especially if:

• You have leverage, such as long tenure or valuable institutional knowledge
• You may have a potential claim for unlawful termination or discrimination
• The company wants to avoid negative publicity or a legal battle

Even if you're offered a "standard" agreement, you may be able to secure a larger payout, better terms, or removal of overly restrictive clauses. An employment attorney can help you assess your bargaining power and negotiate on your behalf.

When Should You Contact a Lawyer?

You should seek legal advice before signing a severance agreement if:

1. You believe you were wrongfully terminated or discriminated against
2. The agreement includes complex or unclear language
3. You’re being asked to sign quickly or under pressure
4. The severance package seems low compared to your position and tenure

Once you sign, it’s often too late to make changes or pursue legal claims. That’s why early legal guidance is essential.

Protect Your Future With Confidence

At NJ Employment Lawyers, LLC, we help employees in Hackensack review and negotiate severance agreements to ensure fairness and clarity. Our team is committed to securing the best possible outcome while safeguarding your rights and your future career opportunities.

About NJ Employment Lawyers, LLC

NJ Employment Lawyers, LLC represents workers across New Jersey in matters including severance agreements, wrongful termination, discrimination, harassment, retaliation, and wage disputes. We offer practical, effective legal counsel with a focus on achieving the results you deserve.

Contact Information:
NJ Employment Lawyers, LLC
101 Eisenhower Pkwy #300
Roseland, NJ 07068
(973) 358-7027