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You Need to Know

If you are over 40 years old, the law requires an employer to advise an employee to seek legal council when presented with a severance agreement. If you fall into that category and are not advised properly, be sure to inform your attorney.

Employment Agreements
Severance Agreements

Anytime you as a potential, current or former employee are asked to sign an agreement, it is in your best interest to understand the ramifications of doing so. Whether that agreement occurs at the beginning of an employment relationship or it is designed to bring about the conclusion of your employment, Crone & Mason, plc can review and negotiate the details in order to provide as much protection as possible.

Employment agreements that guarantee a certain amount of compensation for a fixed term have become rare. Rather, many employees are being asked to sign agreements that are one-sided and attempt to protect the employer. While the details of these agreements are not always negotiable, we nonetheless can review the agreement for a client, explain the terms, and offer our opinion of how the terms will be interpreted and could be applied in real world situations.

Severance agreements usually involve a cash offer and sometimes extended benefits in exchange for a release of all claims the employee may have against an employer. Our experienced team will review your case and advise you if the money and benefits being offered are sufficient to justify the release of your particular claim. If you fall into a protected class, we will take particular care to determine if the decision to terminate was illegal discrimination. If we determine that the package can be improved, Crone & Mason, plc will engage the employer in negotiations to that end.

Regardless of the situation, we try to present as much information as we can to help the client make an informed decision that is most beneficial considering all circumstances.

If you require representation is either of these areas, contact Alan Crone at 901.683.1850.

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Crone & Mason plc Attorneys at Law
Memphis Office : 5100 Poplar Avenue | Suite 3200 | Memphis, Tennessee TN (USA) 38137 | Tel: (901) 683-1850 | Fax: (901) 683-1963
Nashville Office : 205 Powell Place | Brentwood, Tennessee TN (USA) 37027 | Tel: (615) 369-0640 | Fax: (615) 369-0639
Email: firm@cronemason.com
 

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