Benefit and Severance Packages
Denver Employment Law Attorneys Negotiating and Reviewing Benefits Packages, Employment Agreements and Severance Packages
Many people in Colorado believe that severance packages are only for executives with "golden parachutes." This is not the case at all — severance packages are used for all types of employees at all levels of employment. When you are offered a job, you may have the option to negotiate at least some of your benefits, negotiate a severance agreement in advance, and have an attorney review any other employment agreements you are asked to sign.
If you are considering taking a new job — or if you are facing termination — it is to your advantage to try to negotiate a benefits and severance package with the assistance of an experienced attorney.
At Elwyn F. Schaefer & Associates, P.C., we can help you obtain a more favorable benefits or severance package and review any other employment contract you are considering. Contact us today to set up a free, confidential telephone consultation about how we can be of assistance to you.
Employee Benefit and Severance Packages
Negotiating a benefits and severance package before accepting a new job offers a number of advantages:
- It can help gauge how serious your potential employer is about the offer.
- It could result in additional benefits and a severance award, which could include a lump-sum payment and/or the continuation of your employment benefits after termination.
- You will know whether a non-disclosure or non-compete agreement is required by your potential employer before you commit to the job.
- You will have more protection if you leave the position voluntarily, as well as in the case of a layoff or termination.
When you are leaving a current position, having a skilled employment law attorney negotiate a severance package is also critical. We may be able to help you negotiate to receive positive references and recommendations, a continuation of your employment benefits, and even additional compensation based on your period of service and quality of contribution to the company.
Agreements Not to Compete
Agreements not to compete, which are also called "covenants not to compete," "non-compete agreements" and "non-compete clauses," are often enforceable but there are situations where they are. You should not sign one without having a lawyer review it. Non-compete agreements are valid:
- In contracts for purchase and sale of a business
- To protect trade secrets and certain other confidential information
- To ensure the recovery of expenses for training and educating an employee
- In contracts between executive and management personnel and their staff
If you are considering signing such an agreement or have already signed one and want to determine its enforceability, contact Elwyn F. Schaefer & Associates for a free, confidential telephone consultation.
Elwyn F. Schaefer & Associates, P.C.
Colorado Employment Law and Discrimination Lawyers
1801 Broadway, Suite 550
Denver, CO 80202-3801
Map and Directions
Toll Free: (877) 851-2731 | Phone: (303) 586-2978
Fax: (303) 825-5460
The employment law attorneys of Elwyn F. Schaefer & Associates, P.C. in Denver, Colorado, represent clients throughout Metro Denver, including Boulder, Highlands Ranch, Centennial, Broomfield, Littleton, Aurora, Lakewood, Morrison, Evergreen, Golden, Denver County, Arapahoe County, Jefferson County, Adams County, Douglas County, and Weld County.
