When leaving a job, it’s important to review your severance agreement carefully. A severance agreement is a document that outlines the terms and conditions of your separation from your employer, including any compensation or benefits you may be entitled to receive.

While it may seem like a routine document, it’s important to review your severance agreement carefully to ensure that you are not signing away any rights or benefits that you are entitled to. Here are some tips for reviewing your severance agreement:

1. Understand what you are entitled to

Before you sign anything, make sure you understand what you are entitled to under the agreement. This may include things like severance pay, continuation of health benefits, and payment for unused vacation time. Check your employment contract and any company policies to ensure that you are receiving everything you are entitled to.

2. Look for any restrictive covenants

Your severance agreement may include restrictive covenants, which are clauses that limit your ability to work for a competitor, solicit your former employer’s clients, or disclose confidential information. Make sure you understand the scope of these restrictions and whether they will limit your job opportunities.

3. Consider consulting with an attorney

If you are unsure about any aspect of your severance agreement, consider consulting with an attorney who specializes in employment law. They can review the agreement and answer any questions you may have.

4. Be aware of the time frame for signing

Your employer may require you to sign the severance agreement within a certain time frame. Make sure you understand the deadline and have enough time to review the agreement carefully before signing.

5. Negotiate if necessary

If you are not satisfied with the terms of your severance agreement, consider negotiating with your employer. This may include asking for additional compensation, a longer period of health benefits, or the removal of any restrictive covenants.

In conclusion, reviewing your severance agreement is an important step when leaving a job. By understanding your entitlements, looking for any restrictive covenants, considering consulting with an attorney, being aware of the time frame for signing, and negotiating if necessary, you can ensure that you are receiving the best possible deal when parting ways with your employer.