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EXECUTIVE SEVERANCE
NEGOTIATIONS
The executive severance attorneys at Mansell Law routinely represent executives in
severance negotiations and have increased severances by millions of dollars in total.
If you are executive facing possible termination, or if your employment has been
terminated, the most important □rst step is consulting with an attorney on your
severance and determining the right strategy for negotiating.
WHAT IS AN SEVERANCE PACKAGE?
A executive severance package typically consists of a document or group of
documents that offers you a bene□t to which you are not otherwise entitled in
exchange for something. Generally, a severance package provides an offer of
severance pay and additional bene□ts. These could include COBRA coverage or
outplacement services, for example. In exchange for these bene□ts, you are typically
agreeing to waive your right to pursue legal claims against the company, with a few
exceptions. You may also be asked to agree to certain con□dentiality and non-
disparagement provisions.
ARE EMPLOYERS IN OHIO REQUIRED TO OFFER SEVERANCE
PACKAGES?
No, Ohio law does not require employers to provide severance packages upon
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termination of employment. However, if you entered into an employment agreement
that provides for severance pay upon separation, then your employer may be
contractually obligated to provide a severance in accordance with the terms of your
agreement.
WHAT IS A TYPICAL SEVERANCE AMOUNT?
There is no speci□c formula or “standard” amount of severance. Employers’
severance offers depend on a number of factors, including, but not limited to size of
the business; length of your employment; your position in the company; whether the
termination was part of a larger reduction in force; and the particular circumstances
of your termination; among other things. Consulting with an attorney can help you
understand whether the severance package offered to you is equitable and fair in
light of all circumstances of your particular situation.
WHY SHOULD I HIRE AN EXECUTIVE SEVERANCE ATTORNEY TO
NEGOTIATE MY SEVERANCE PACKAGE?
Mansell Law’s employment attorneys are experienced in reviewing and negotiating
severance packages for executives and will begin by reviewing all circumstances
surrounding your employment and your termination or departure. We will review the
severance documents presented to you and provide advice and guidance on
negotiating your severance package.
We will answer questions you may have about your agreement or the law; understand
your goals in negotiating your severance package; consider any areas of legal
leverage you may have that will assist in negotiations; and advise you on the
negotiations. Typically, our attorneys will contact your former employer and handle
all communications related to the negotiation on your behalf, while keeping you
informed every step of the way. We will advocate for you to maximize the severance
offer to put you in the best possible situation for a favorable outcome.
We are experienced in negotiating severance agreements, and we will help you
understand what is important to focus on during negotiations. Understanding
whether you have legal leverage you can use in the negotiations is of primary
importance. Without an attorney, you are at a disadvantage by not having all the tools
necessary to evaluate possible legal claims that will impact an employer’s incentive
to negotiate. Negotiating with your former employer through an attorney also tells
your employer that you are serious about the negotiation and have taken the step of
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hiring counsel to advocate on your behalf. This will put you in a better position for a
successful outcome.
Even if you have not been offered a severance payment upon termination, you should
consult with Mansell Law’s executive severance lawyers in Columbus, Ohio to
determine if you have grounds to request a severance or negotiate your severance.
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