How is severance pay calculated at maturity? – This Ministry of Labour resource describes the fact that severance pay is not necessary unless there is an agreement between the employer and the worker. It was important for her to consult a lawyer and know that she had these claims. This allowed us to tell the company, basically, that it had the right to sue it for these discrimination rights and that the redundancy package had to be significantly increased before agreeing to sign anything. In recent years, employers have more often offered redundancy agreements to outgoing workers. These agreements generally require the worker to waive all legal rights and rights against the employer, in exchange for additional compensation going beyond outstanding wage obligations. Executive Severance Pay Agreements – A paper published by the University of Pennsylvania that studies termination agreements and their impact on the CEO`s revenue. This dynamic shows how important these agreements can be for a company. An enforceable separation agreement can not only prevent an employee from taking legal action against the company, but also compel a former employee to prevent the disclosure of sensitive information to business competitors. My employer offers a small amount, do I have to negotiate? It can`t hurt. But the trickiest question is what you should ask. There are many things to demand as part of the severance pay negotiation process, including (1) increasing cash payments, (2) continuing health insurance benefits, (3) letter of recommendation, and (4) agreeing not to challenge unemployment…