How Maryland employees should respond to a written offer of severance pay (a severance package) seeking a waiver of claims in return.
1
Understand exactly what it is you are waiving.
If possible, have a lawyer review the agreement. Some employers take advantage of their superior bargaining power and insert unfavorable terms in severance agreements, such as non-competition, non-solicitation, attorney fee-shifting, and arbitration provisions.
2
Protect your interests.
Understand what your former employer will say to future employers seeking a reference. Will your former employer give you a positive, or at least, a neutral reference. Will your former employer contest your claim for unemployment benefits?
3
Do not leave money on the table.
Understand your rights to earned wages under the Maryland Wage Payment and Collection Law.
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