Severance Pay Questions Every Tennessee Employee Should Ask
If you or someone you know finds that you are in a situation where you are asked to part ways with your employer, there are important things you should know and consider when negotiating severance Packages with the business or your employer. Negotiating severance packages can be difficult and if you find that you have questions or need help, it is recommended that you speak to a Tennessee employment severance package lawyer right away. In negotiating these agreements there are a few key points to focus upon.
The first question you should ask about severance page if you are a Tennessee employee is whether or not you will be entitled to severance pay if you are laid off or terminated from your employment. Companies and businesses are not required by law to provide severance pay but your employer may offer it in order to build a good relationship with employees and also as a way to continue that good relationship if an employee gets laid off. Finally, a company may also offer a severance package as a way to negotiate that you give up your legal rights. If you are terminated because of misconduct, you will more than likely not receive severance pay unless you are legally entitled to because your employee contract states that you receive it, it is a part of the company’s policy, or your company had a massive layoff without sixty days notice.
Another question to ask about severance pay is how the pay is determined. Some companies use a specific formula for figuring severance pay. However, if your company or business does not some general factors that go into the calculation include: number of years you have been with the company, your job position within the company, the company’s size, and whether severance pay was included in your employment contract. The final question you should ask about severance pay is whether or not all the severance is monetary. Other severance pay could include items such as: health insurance, life insurance, bonuses, and sick or personal days that were unused.
If you still have questions or concerns about you severance pay, then we suggest that you contact one of our compassionate and experienced Tennessee severance negotiation attorneys as soon as possible. We care about our clients and will work with you to answer any questions you may have as well as help you negotiate the severance package that is best for you.
Contact us online or call us at 800.705.2121 to set up a FREE consultation to discuss your legal options.
Author Bio
Jim Higgins, founder of the Higgins Firm, is a seasoned personal injury attorney with deep roots in Nashville, Tennessee. A 4th generation Nashvillian, Jim carries on the legal legacy of his father, a judge for over 30 years. After graduating from the University of Memphis School of Law, Jim’s career began on the other side of the courtroom, defending insurance companies and learning their tactics for minimizing settlements. However, he soon realized his true calling was fighting for the rights of the injured, and for the past several years, he has exclusively represented plaintiffs in personal injury cases.
Since then, his dedication and skill have earned him membership in the prestigious Million Dollar Advocates Forum, an organization limited to attorneys who have secured million and multi-million dollar verdicts and settlements for their clients. Licensed to practice in Tennessee, Kentucky, and Georgia, Jim focuses on personal injury, product liability, medical malpractice, and workers’ compensation cases. His exceptional work has been recognized by his peers, earning him a spot on the Super Lawyers list from 2021 to 2024, a distinction awarded to only a select group of accomplished attorneys in each state.
