Severance Packages Toronto
Has your employer in Toronto terminated your employment and presented you with a severance package? You should have it reviewed by a lawyer with expertise. It not uncommon for employers to try to pay their ex-employees less than they should. Don’t leave your severance package to chance.
A severance package is binding agreement contains terms related to how severance will be paid out, the duration of payment, and other entitlements that you may or may not receive upon your termination, such as bonuses and extended health coverage. It may even include terms about how existing corporate shares that you had purchased will be treated.
There are many criteria that are used by lawyers and the courts to calculate the ex-employee’s severance entitlement such as: age of the ex-employee, job tenure and level of seniority. For instance, a 37 year-old employee who worked in a managerial position for 8 years would not receive the same severance as a 61year-old employee who held the same position for the same duration of time.
Whitten & Lublin Employment & Labour Lawyers has helped thousands of clients in Toronto renegotiate terms of their severance agreement, which have often far exceeded the ex-employer’s original package.
If you are in Toronto and you have received a severance package do not sign any agreement until you have had Whitten & Lublin Employment & Labour Lawyers review the terms. Book a consultation today online or contact us by phone at 416-640-2667 or 1 (866) 575-3055.