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HI, I Just go terminated today and they offer me a severance

pay for 8 year but...
HI, I Just go terminated today and they offer me a severance pay for 8 year but i must sign a separation agreement and general release form. what should i do sign or not and if i sign can i collect unemployment?
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Answered in 17 minutes by:
9/17/2013
John
John, Employment Lawyer
Category: Employment Law
Satisfied Customers: 5,888
Experience: Exclusively practice labor and employment law.
Verified
Hi, thanks for submitting your question today - I'm assuming you meant to state they offered you severance pay for a year (not 8 years). A year severance is a fairly generous offer these days. Unless you have a strong case against the employer, you'd probably want to accept it. For example if you have a blatant age, race, gender discrimination case or were not paid a significant amount of overtime, these may give you reason to second guess a decision to accept the offer. If you have no suspicion that there was foul play in your termination, then seriously consider accepting the offer. Employment termination claims are tougher to win than portrayed in the media and much tougher than most people realize. You would not be eligible to collect unemployment in most cases where you are collecting severance pay; if you are collecting your full wage in severance you most certainly would not be eligible for unemployment compensation.

Let me know if you have any further questions or follow up matters on this.

 

I believe this answers your question. However, if you need clarification or have follow-up questions regarding this matter, I will be happy to continue our conversation – select the Reply to Expert or Continue Conversation button. If you are otherwise satisfied with my response, please leave a positive rating as it is the only way I am able to get credit for my answers. Thank you, XXXXX XXXXX wish you all the best with this matter.

 

John
John, Employment Lawyer
Category: Employment Law
Satisfied Customers: 5,888
Experience: Exclusively practice labor and employment law.
Verified
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

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