Considerations When Negotiating Your Exit:
1. What have they offered other employees? Was there anything illegal about the termination or the way you have been treated? Was there discrimination in a protected category? Were you retaliated against for reporting something illegal or taking protected leave?
2. Don’t be pressured prematurely into agreeing to resign unless you agree to the terms of the severance.
3. Ask if the terms can be mutual. For example, you will release claims against them if they release claims against you, you won’t disparage the company if they agree to do the same and you will keep matters confidential if they do too.
4. If you have equity or stock, what flexibility have they offered others on vesting or extending the exercise period?
5. Consider negotiating how they describe your termination and what they say when a potential new employer calls and who they speak to about your title and dates of employment etc. Consider negotiating a written recommendation if there has been praise of your performance.
This post and its contents is for informational purposes only and not intended to be relied upon as legal advice. This post does not create an attorney client relationship. If you require legal advice, you should contact a lawyer to advise you personally about your situation.
