Add Comment Question: I work for a publicly traded company that is expected to be bought out/taken private this year. If my employer requests changes to my employment contract, and I refuse to accept the changes, do I need to give a reason why I refuse? am I still eligible for severance if I refuse to agree to a change in my employment contract, for any reason? Answer: It would depend on the nature of the changes but if they are significant changes you could be entitled to severance pay if you refuse to accept those changes. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.