Employment Law

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I would like to get a separation document reviewed by Legal…

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Hi, I would like to...
Hi, I would like to get a separation document reviewed by Legal Eagel as I discussed the situation with him
Submitted: 11 months ago.Category: Employment Law
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Answered in 5 minutes by:
9/20/2017
Employment Lawyer: Legal Eagle, Lawyer replied 11 months ago
Legal Eagle
Legal Eagle, Lawyer
Category: Employment Law
Satisfied Customers: 14,372
Experience: Licensed to practice before state and federal court
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Hello! Thanks so much for coming back. Was there anything specific in the agreement that you would like me to review?

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Customer reply replied 11 months ago
I want to make sure my pension is protected, the equity vested is protected, 401 K is protected
Also are there other areas where you think I could have more room for negotiation? Is there anything is the terms that seems out of ordinary that I should ask them to amend?
Employment Lawyer: Legal Eagle, Lawyer replied 11 months ago

Understood. Let me review and get back to you ASAP.

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Customer reply replied 11 months ago
Hi - I didn't see a response yet
Customer reply replied 11 months ago
Hello
I have not heard anything back. Can you please respond to my question ASAP that you said you were reviewing? Thank you.
Employment Lawyer: Legal Eagle, Lawyer replied 11 months ago

Hello, my apologies, my day unexpectedly got away from me and I when I tried to get your question back, the system wouldn't let me find it. Sometimes, responding can trigger it back. It's on my list today to review and I will be sure to get back to you. Thanks!

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Employment Lawyer: Legal Eagle, Lawyer replied 11 months ago

Ok, thank you very much for your patience. Generally, this looks good. I wouldn't recommend many changes. The document is read-only so I wasn’t able to redline any changes. Regardless, I can help you out:

  1. Subsection b under section 1 says a lump sum payment of $42,000, but the number in the parenthesis is $62,500. You may want to fix that.

  2. Section 6: I would probably get rid of the non-compete clause. Use that as a way to help sweeten the deal only if they ask for it and only if you’re okay with that.

  3. I would add a section specifically titled “Additional Benefits” that specifically includes the payout of your pension, all equity vested as of 10/6/2017, and access to your 401k for potential withdrawal or rollover, plus whatever contributions the company may put in (if applicable) as of 10/6/2017.

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