Severance Agreement In California
If you work for a small company employing only three people, you`re less likely to get a large severance package than if you worked for a large international group. However, if you`re fired because the company is closing offices, they may not be willing to give you a lot of money – no matter how big or small. Special provisions apply to the exemption from age discrimination at the federal level. The Federal Act on the Protection of Older Workers (OWBPA) imposes special requirements for the waiver of rights to age discrimination at the federal level. If the agreement gives an employee nothing but the salary the worker has already earned, there may be no reason to sign the agreement. An employer is only required to pay you severance pay if you have previously entered into an agreement to receive it.