Fired as an Executive? It will be Harder For You To Get Another Similar Position – We Get it. Executive Severance Package Negotiations are not for the weak. Let Us Do the Negotiation and Litigation to Get You What You Deserve
Whether you are a VP, Director, or Manager at your business, the job market is not always easy – when terminated, it could spell disaster.
If you are an executive or a c-suite employee, you earn higher compensation, get more benefits, and get options to purchase stocks – this makes it more difficult for you to get another job if you are terminated.
For that reason, judges have decided, using what is known as Bardal factors, to award higher severance packages, termination pay, and severance pay for those terminated or constructively dismissed.
If you’ve been asked to accept/sign a severance offer, don’t sign! Our severance lawyers can help negotiate your severance package and analyze the specifics of your wrongful termination.
It is difficult to get another similar job – Do not settle for less!
Despite what your employer may say, you have two years to claim your termination and severance pay. In your case, when you are a high earner, the stakes are high – make sure you have experienced employment lawyers in your corner.
Always have a severance lawyer review your severance offer before you sign.
Employers often leverage your stress of being let go to pay you less severance or termination pay than you are entitled to. Unfortunately, they often succeed because:
- You’re under pressure to take what seems generous
- You want to put this humiliating experience behind you
- You’re worried about your references and don’t want to upset them further
- The wording of your employment contract appears to be on their side
Paying you less than you are entitled to is wrong. It violates your rights and it hampers your ability to make a smooth transition into a new position.
We’ll look at your wrongful termination case and clearly outline what you can expect. Employment contracts often contain things that are not enforceable.
The difference to you can be many months of severance versus weeks.
Depending on your situation, judges have the ability to award you even more than what the Employment Standards Act entitles you to. This is known as Common Law Severance Pay. You may also be awarded damages depending on your employer’s conduct. Each situation is unique, and a severance lawyer at Achkar Law is here to support you in all matters related to termination, severance, and Human Rights – from negotiation to trial if needed. If you resigned because your job changed, click here to learn about constructive dismissal.
We have extensive experience successfully negotiating with employers and know exactly what to present to the court to get you the maximum award.
Scroll down and speak with our intake team today to learn about your situation and how we can help.