Severance Agreement Attorney Serving Brooklyn, NY
When a Brooklyn employer presents you with a severance agreement, you are typically being asked to waive significant legal rights in exchange for compensation. Severance packages are not mandated by New York law, and the initial offer is almost always negotiable. Having an attorney review the terms before you sign can result in substantially better severance pay, extended benefits, modified non-compete provisions, and more favorable separation terms.
Agarunov Law Firm negotiates and reviews severance agreements for Brooklyn employees and executives. We handle separation agreements, release of claims negotiations, non-compete and non-solicitation modifications, continuation of benefits, and outplacement assistance terms for professionals across Kings County.
Our office at 30 Broad Street in the Financial District is accessible from Brooklyn via the 2, 3, 4, 5, A, C, F, or R trains. Schedule a free consultation to discuss your severance agreement.
Severance Agreement Services in Brooklyn
Severance Package Review and Analysis
We review the full severance agreement to identify favorable and unfavorable terms, evaluate the adequacy of the compensation offered relative to your position and tenure, and prepare a detailed analysis of your options. For Brooklyn professionals, this review often reveals terms that can be improved through targeted negotiation.
Severance Negotiation
We negotiate directly with your employer or their counsel to improve the financial terms of your severance package. Common areas for improvement include increased severance pay, extended health insurance coverage, accelerated equity vesting, removal or modification of non-compete clauses, and favorable reference language for Brooklyn professionals transitioning to new roles.
Release of Claims Analysis
Severance agreements typically require you to release all legal claims against your employer. We analyze the scope of the release, evaluate whether you may have viable claims that affect the negotiation leverage, and ensure the release language is appropriately limited. For employees over 40, we verify compliance with the Older Workers Benefit Protection Act timing requirements.
Non-Compete Modification in Severance
Many Brooklyn severance agreements attempt to impose or extend non-compete restrictions as a condition of receiving severance pay. We negotiate to narrow the scope, shorten the duration, or eliminate these restrictions entirely, particularly when the employee was terminated without cause.
Executive Separation Agreements
Senior executives and C-suite professionals in Brooklyn face unique severance issues including equity treatment, deferred compensation, bonus clawbacks, D&O insurance continuation, and transition services. We negotiate comprehensive separation packages that address all components of executive compensation.
Severance Negotiation Considerations for Brooklyn Professionals
Brooklyn's diverse employment market means that severance agreements vary widely in structure and value. Tech workers in DUMBO may receive agreements focused on equity treatment and IP assignment, while healthcare professionals in Downtown Brooklyn face agreements emphasizing non-compete restrictions and patient transition requirements. Understanding the norms in your industry helps frame realistic negotiation expectations.
Many Brooklyn employees feel pressure to sign severance agreements quickly, particularly when they include a deadline. While deadlines are standard, employees over 40 are entitled to 21 days to consider the agreement under federal law. Regardless of age, taking time to have an attorney review the terms before signing is always advisable.
Why Brooklyn Clients Choose Agarunov Law Firm
Agarunov Law Firm negotiates severance agreements for Brooklyn employees and executives.
- Detailed review and analysis of all severance agreement terms
- Direct negotiation with employer counsel for improved terms
- Non-compete and restrictive covenant modification
- Accessible from Brooklyn via 2, 3, 4, 5, A, C, F, or R trains
- Licensed in both New York and New Jersey
How Our Severance Review Process Works
- Step 1: Consultation. We review your severance agreement and discuss the circumstances of your separation. This consultation is free.
- Step 2: Analysis. We analyze all terms of the agreement, evaluate the adequacy of the compensation, identify potential legal claims, and assess negotiation leverage.
- Step 3: Negotiation. We negotiate directly with your employer or their counsel to improve the financial terms, modify restrictive covenants, and secure favorable separation conditions.
- Step 4: Finalization. We review the final agreement, explain all terms, and ensure you understand your rights and obligations before signing.
Need a Severance Agreement Lawyer in Brooklyn?
Schedule a free consultation to discuss your severance agreement.
Call (212) 920-5989Contact Us Online