Separation Agreement and General Release question

Asked 11 months ago - New York, NY

New York City. When dealing with a non-compete, can an employee be held out for 3 months without any form of pay for those 3 months?

Also, if deferred money from from previous employer that was acquired is being paid out to employees now employed at acquiring company, does employee have right to that money after being employed by acquiring firm and offered a Separation Agreement and General Release?

Thank you!

Attorney answers (4)

  1. Christopher Quincy Davis

    Contributor Level 9

    1

    Lawyer agrees

    1

    Answered . More facts are needed. Generally speaking, the answer to your first question is most likeky, and very likely if the restriction is limited by geography or to your industry only. Second question - your not likely to qualify for distribution but you need to check your plan documents or respective compensation policy/agreement for answers. Good luck.

    My communications on this site are for the purpose of educating the general public about legal issues and not for... more
  2. Arthur H. Forman

    Pro

    Contributor Level 17

    1

    Lawyer agrees

    Answered . I always recommend that an employee consult a lawyer before signing any legal document. Once you sign a general release, you will not be entitled to anything not included contained in the severance agreement, including deferred compensation.

  3. Vincent Peter White

    Contributor Level 18

    1

    Lawyer agrees

    Answered . The level of complexity you are describing here probably requires a consultation with an attorney, I would recommend that you contact an experienced employment attorney such as one of the two New York based attorneys who answered this question already.

    This answer does not constitute legal advice and you should contact an attorney to confirm or research further any... more
  4. John P Corrigan

    Contributor Level 19

    Answered . Not enough specific facts and absent the old employer agreement and review of the separation agreement terms makes this impossible to even offer any advice as I have 100 questions that need specifics and analysis to give any guidance.

    My answer is not intended to be giving legal advice and this topic can be a complex area where the advice of a... more

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