How Can I Sign Nevada Banking Separation Agreement

Esign business separation agreement

I'm Aaron Hall business attorney in Minneapolis Minnesota I represent employers in drafting severance agreements and employees in considering whether to sign a severance agreement sometimes a severance agreement is called a separation agreement essentially the same thing just a slightly different title the idea is that an employee is no longer working in the company and the company is interested in paying the employee something in exchange for releasing any claims the employee might have against the company sometimes it's a mutual release where the company is releasing the employee and vice-versa sometimes it is just the employee releasing the company so that's an important item to notice if you're looking at a severance agreement when I meet with employees who are thinking about signing a severance agreement I asked them a few questions first off were they witness to any illegal acts in the company were they a whistleblower because we want to figure out here was there some reason they shouldn't have been able to be discharged maybe this was some sort of retribution or retaliation for blowing the whistle on illegal activities within the business so that's one thing we want to explore second is there any sort of unlawful discrimination occurring here maybe it's discrimination on the basis of age a person is getting senior in years and so they're being terminated in order to make room for younger workers maybe it's based on some other protected class next I want to know why were you terminated what was the reason behind it now employers in states like Minnesota where we are at will can terminate somebody for any reason at all as long as it's not an unlawful reason and so unlawful reasons would be illegal discrimination terminating somebody as retaliation for them blowing the whistle on your illegal acts and then there there's some other categories as well reasons you can't terminate somebody but you can terminate somebody because they're not doing their job they use profanity they showed up late there all sorts of reasons you can terminate somebody including no reason at all now that can't be a guys for some unlawful reason but this gives you an idea on the types of things we're looking at because by signing a severance agreement you are agreeing to waive any legal recourse you might have against that company we want to make sure that your wages are paid out including any Commission's or bonuses that you might be due we want to make sure that there are any other lingering issues between the company are resolved and make sure that if you are owed anything for legal claims that gets settled these are the reasons that we'll look at in a severance agreement or the economic factors that we'll look at and then when I analyze a severance agreement I simply make sure that the person signing it understands each of the provisions and as somebody looking out for their best interest so that you as an employee know what am i signing away and what am I getting in exchange for it so if you're looking at signing a severance agreement or a separation agreement again same thing feel free to see below for additional resources and the link on my website explaining a little bit more information on severance and separation agreements in Minnesota I'm Aaron Hall tourney in Minneapolis Minnesota