Contractual Severance and Release

I have a predetermined severance clause in my offer letter that states:"In addition, in the event you are terminated for reasons other than for cause during the twelve-month period ending after the date a Chief Executive Officer begins employment with the Company, you shall be entitled to severance equal to three months salary." After letting me go on the basis of being "Overqualified," the company is asking me to sign a release in order to get this. I think I'm entitled to this without having to do anything else. Please advise?

2 answers  |  asked Jun 5, 2002 1:47 PM [EST]  |  applies to California

Answers (2)

Janet M. Koehn
yes.

geoff's response is correct. do not sign the release until you have had a chance to consultwith an attorney experienced in employment law. if you are in southern california, you're welcome to call me for an appointment.
janet koehn
805-658-0655

posted by Janet M. Koehn  |  Jun 5, 2002 6:36 PM [EST]
Geoff Morris
Severance claim

Based upon the information you have provided, it appears you are correct. If you would like to discuss the steps that need to be taken you can call me at 949-727-2630.
Sincerely,

Geoff Morris

posted by Geoff Morris  |  Jun 5, 2002 5:16 PM [EST]

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