Tuesday, November 19, 2013

Philadelphia Employment Lawyer: Is Your Severance Worth it? Non-competition Covenants and Severance.



WEIGHING PROS AND CONS OF SEVERANCE OFFERS IN PENNSYLVANIA

Beware of Greeks Bearing Gifts...

Consider: Your employer did not have you sign a non-compete during your employment, but has slipped a non-compete into your proposed severance agreement.

Understand: No matter what you have heard, Pennsylvania courts will enforce non-competes.

Be Aware:  If you have a non-compete, it is harder to get a job. Prospective employers are leery of hiring applicants with non-competes.

Put This on One Side of the Scale...
Balance:  Is the severance being offered worth the restrictions in the non-compete?

And This on the Other..
Rest Assured:  If the company offered you a severance agreement, it wants you to sign.  You may in fact have more bargaining power than you know.

Possibility:  Hiring an attorney to help you evaluate you circumstances and, perhaps negotiate a better deal may be worth your investment.

John A. Gallagher is an employment lawyer who represents employees in Pennsylvania.

Click Here if you have questions about any aspect of employment law, from wrongful termination to wage and overtime claims, from discrimination and retaliation laws to Family and Medical Leave, from worker misclassification issues to non-compete agreements…

Click Here if you have questions about any aspect of Pennsylvania Unemployment Law, from willful misconduct, to voluntary quit, Independent Contractor/Self-Employment issues, Referee Hearings, severance issues…

Click Here to e-mail John directly.

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