Privately-held firm with <50 employees; 3 yrs on the job. I had no complaints ever, was "laid off" as of 10-14/2015 (via Google Hangouts!) because "we're moving our mktg in a new direction." My Sal./comp. package.as Sr. Marketing Manager (the only mktg. position) was 70K. My position was downsized to 'associate' to make way for a green employee w/o any experience, training or education. I have been an MBA candidate for 1 year, with $5k/year tuition reimbursement. I rebuilt co. website, exceeded several goals, some by as much as 1132%. I believe I deserve more than 1 month's salary bound to a restrictive covenant which hinders my professional career choices.
No, you should not sign any such agreement without a thorough review by an attorney. The facts presented need not even be read to answer your question.
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The fact that you omit most of the legally significant facts is a clear signal that you need counsel.
You should always contact an attorney before signing a severance package. A severance package in Illinois should advise you that you should seek legal counsel prior to signing. I recommend that you contact an attorney.
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