Why Do Companies Hand Out Severance Packages?

Why Do Companies Hand Out Severance Packages?

  • A Company may have a policy to provide Severance, based on a formula of service, effectiveness of the employee, and other reasons
  • The main reason a Company will Hand Out a Severance Package is to buy out any risk of a Lawsuit
  • For example, you will receive a small amount of money if you agree to never sue your former Employer

This informational video was provided by Allan E. Richardson, an experienced New Jersey Severance Package Lawyer.

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