Severance Agreements

Sev­er­ance agree­ments – con­tracts which set terms of com­pen­sa­tion and other con­sid­er­a­tions sur­round­ing the end of an employ­ment rela­tion­ship — are espe­cially preva­lent for com­pany exec­u­tives, such as Chief Exec­u­tive Offi­cers (CEO), Chief Oper­at­ing Offi­cers (COO), Chief Finan­cial Offi­cers (CFO), Vice Pres­i­dents and other sim­i­lar posi­tions. Although sev­er­ance agree­ments are use­ful tools that can help you fund a job search and pay for expenses dur­ing a tran­si­tion period, they may also require that you waive your right to bring a law­suit against the company.

At Rathod | Mohamedb­hai LLC, we have the exten­sive employ­ment law back­ground nec­es­sary to serve as coun­sel for exec­u­tives in legal mat­ters. We are equipped to help exec­u­tives in Den­ver and the sur­round­ing area exam­ine and lit­i­gate mat­ters related to these agree­ments and all other employ­ment issues they face. Our expe­ri­enced trial lawyers work dili­gently to ensure that you are treated fairly by your com­pany, and that you always know where to turn for trusted legal advice.

The employ­ment con­tract may be an express con­tract, stated ver­bally or in writ­ing between the par­ties, or it may be an implied con­tract based on the employer’s poli­cies or other sources of implied con­trac­tual terms.

A promise of employ­ment for a def­i­nite dura­tionwith­out an expressed at-will term may be incon­sis­tent with at-will employ­ment secu­rity pro­vi­sions con­tained in employee hand­books, per­son­nel poli­cies, let­ters of employ­ment and per­for­mance eval­u­a­tions. A course of deal­ing may, in the absence of an ade­quate dis­claimer, sup­ply the terms for an implied-in-fact employ­ment con­tract which requires ter­mi­na­tion for cause.

Non-Compete And Trade Secret Agreements

While sev­er­ance agree­ments can encom­pass any range of issues asso­ci­ated with the end of an employ­ment arrange­ment, they almost always include non-compete and/or trade secret pro­vi­sions. These clauses restrict your abil­ity to seek other work, espe­cially with a company’s com­peti­tors, within a pre­de­fined area and for a spe­cific length of time. How­ever, non-compete clauses can­not be unrea­son­able in:

  • Scope: The non-compete clause can­not pre­vent you from doing any type of work, and must often be restricted to the same type of posi­tion you cur­rently hold.
  • Geog­ra­phy: The lim­it­ing pro­vi­sions can­not be so lim­it­ing that you have to move across the globe sim­ply to find another position.
  • Time: The non-compete can only pro­hibit your employ­ment for a rea­son­able amount of time.

With the rise of the Inter­net, and the abil­ity of any busi­ness to have a global pres­ence via the Web, non-compete agree­ments are becom­ing an espe­cially com­pli­cated legal topic. We remain on the fore­front of devel­op­ments related to non-competes and other employ­ment law top­ics, so that we can offer the cut­ting edge rep­re­sen­ta­tion you deserve.

Con­tact Our Sev­er­ance Agree­ments Attorneys

Call 303–578-4400 or fill out our online form to con­tact our Aurora sev­er­ance agree­ment law firm.