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I am 38 and I have been working at a financial institution company for 17 years. My employer is offering me severance with a lump sum reduced to 75% or salary continuance. I am also trying to negotiate a higher severance amount as they are only offering 2 weeks per year of severance. They pulled out an employee agreement that stipulates the amount of severance in the agreement and limits it to 2 weeks per year of service. However, this agreement was signed over a year after i started my career with the company it was signed when i internally transferred to a new role. Do i still have room to negotiate my severance pay?
The termination clause in your contract may not be enforceable, in which case you can negotiate your severance. Please contact us at the number below to book a call with one of our lawyers to review the contract and severance offer and to discuss the best course of action for your situation.