Executive and Severance Agreements

Oakland Severance Agreement Lawyers

Review Your CA Employee Compensation Agreement with an Attorney

A severance agreement (sometimes known as a separation agreement or termination agreement) refers to a contract between an employer and an employee detailing the compensation package an employee would receive in exchange for their termination or resignation. There are likely a group of benefits such as health insurance, RSU, retirement plans, etc. included within that agreement.

It is important to review any severance agreements with a qualified Oakland employment lawyer to ensure that your rights are protected. Call (510) 650-0250 to speak with our employment law firm today.

Do You Have a Right to a Severance Package if You Are Terminated?

Most employees do not have a legal right to receive a severance package when their employment is terminated. Companies often offer severance packages regardless of whether they are required to do so because severance agreements can help reduce an employer’s legal liability. It is usually given in exchange for a written promise from the employee that they will not file a lawsuit against the employer.

Since you may be giving up valuable rights by signing an executive or severance agreement, asking a severance agreement lawyer in Oakland to review the proposed agreement, and perhaps to negotiate changes, is always wise.

What Is Included in an Executive Employment Agreement?

In California, the terms executive compensation or executive employment agreement refer to the financial payments and non-financial benefits provided to the upper-level management within a business or organization, including:

  • presidents or vice-presidents;
  • chief executives;
  • financial executives;
  • operating executives;
  • legal executives;
  • and other C-Suite executives.

What Is an Executive Compensation Package?

An executive compensation package is a group of benefits that may include health insurance, stock awards (often called Restricted Stock Unit "RSU"), severance protection, deferred compensation, and retirement plans. Executive agreements may also set out the obligations and expectations of the company and the individual in a way to minimize future disputes.

Executive agreements are complicated. If you want to truly understand the full extent of your package and maximize your effectiveness in negotiation, consult with an attorney at Benton Employment Law.

Proven Employment Legal Counsel in Oakland, CA

Having worked with top-level executives at some of the largest companies in California and the world, Benton Employment Law has a proven ability to appreciate the value of your job and to advocate for the executive or severance agreement you deserve.

Call our Oakland severance agreement attorneys at (510) 650-0250 or contact us online to schedule your free consultation.

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Our Proven Success

  • Discrimination settlement.

    Achieved settlement on contentious matter on behalf of vehicle company and employee alleging racial and disability discrimination related to medical marijuana.

  • Employment Law Training

    Trained thousands of executives, managers, doctors, attorneys, and employees on ADA compliance, anti-harassment and discrimination, and other labor and employment law issues.

  • Settlement for Multi-national Coffeehouse Chain.

    Achieved settlement on contentious matter on behalf of multinational chain of coffeehouses and an employee alleging disability discrimination.

  • Settlement with EEOC.

    Achieved settlement on a contentious matter with the EEOC and Plaintiff-intervenor alleging disability discrimination on behalf of a healthcare organization.

  • Technology company settlement.

    Achieved settlement on a contentious matter on behalf of a technology company and a former executive.

  • United States District Court, N.D. Cal

    Successfully compelled enforcement of arbitration agreement on behalf of multinational chain of coffeehouses and an employee alleging disability discrimination.

  • Superior Court of California, County of Sacramento

    Obtained summary adjudication on behalf of insurance company on action alleging disability discrimination, racial discrimination, harassment, failure to prevent discrimination, failure to engage in the interactive process and punitive damages.

  • United States District Court, E.D. Cal.

    Obtained partial summary judgment on action alleging failure to provide reasonable accommodation, failure to engage in the interactive process, disability discrimination, age discrimination, wrongful termination, intentional infliction of emotional distress, and punitive damages for a technology company. Likewise, opposed Plaintiff’s cross-motion for summary judgment that was denied.

  • Exempt status from overtime wages for national retailer

    Defended manager exempt status from overtime wages for national retailer obtaining a “take nothing” Order, Decision, and Award from the DLSE.

  • Achieved settlement disability discrimination case.