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Employment Law

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Settlement Agreements FAQ

 If you have been offered a Settlement Agreement by your employer then it may have come as a surprise. Even if you were aware that it was happening, once you actually receive the Agreement, it may seem a daunting proposition. Why is the Agreementso long? What do the terms mean? Should I accept the offer? What are my options if I don’t sign the Agreement? Will it cost me anything? Below are answers to some of the most commonly asked questions regarding Settlement Agreements:

What is a Settlement Agreement?

Why is my employer offering me this Agreement?

Why is the Agreement so lengthy?

What am I actually agreeing to?

How much will it cost me?

How do I know if I am getting a good deal?

Will I have to pay tax on the money I receive?

What happens if I do not sign the Agreement?