You raise valid points, you may want to negotiate these a bit and counter with 18 months.
.DBO are for fiscal year which starts ~ 7/6//15. If I am on the payroll until 8/10/15 should I contest that I am not receiving compensation for that? And profit sharing, which starts at same time.
Yes to both.
The other big items here are the noncompete on attachment 4 for 18 months assuming you are not going to try and work for a competitor and you realize how this restricts you then it is fine if they agree to your issue above.
If you want to counter here and reduce this to 6-12 months that seems more reasonable.This is negotiable and depends on what you are going to do employment wise.
Also you cannot sue them for anything like EEOC
or related wrongful termination
, pretty much anything like that.
Otherwise the other terms seem reaosnable they pay you for your leave which is not regulated here, allow you retirement and health care.Overall as long as you are not planning on working for a competitor for 18 months or wanting to sue them for something they did to you as an employee you would be fine here.
These are the major items I see in these documents.
I appreciate the chance to help you today.Please let me know if you have more follow up.Thanks again --let me know if I missed something here.
I wanted to add if this is a lay off situation you can insert something to the effect they will not oppose a claim for UI unemployment benefits
That might give you income for a year here you are looking for a new job.