1530 The Alameda, Suite 115, San Jose, CA 95126

Blog
Email UsEmail Us

FREE CONSULTATION

408-246-5500

Search

FREE CONSULTATION

408-246-5500

Providing legal counsel to San Jose and the Bay Area for over 30 years in the areas of criminal defense, personal injury, employment and disability law.
Group Photo
Se habla español|Chúng tôi nói tiêng Việt

Important Issues with Termination Agreements

Posted on in Employment

CA labor lawyerThe loss of a job may come as an unexpected blow or it may follow months of whispered rumblings and rumors in the employee break room. In either scenario, the end result could mean not only the loss of income, but also changes in your retirement plans and the loss of important medical benefits. In these situations, a strong termination agreement can help to protect your current and future financial security. Amidst a recent layoff initiated by a local company, the following highlights some of the most important issues in these agreements, which workers need to be aware of.

San Jose Based Firm Lays Off Workers After Acquisition

San Jose based Broadcom Inc. recently caught employees off guard when they sent a mass letter informing them of layoffs that were set to be effective immediately. According to media reports, internal documents related to the cut indicate that the global tech giant planned to cut more than 40 percent of the employees that were inherited when it acquired CA Technologies, an enterprise software manufacturer. The cuts are expected to impact roughly 2,000 of the company’s more than 4,800 workers.

Broadcom, which has more than 11,000 workers worldwide, recently moved its headquarters to San Jose from Singapore. Prior to the move, the company had been embroiled in controversy when President Donald Trump cited national security concerns in attempting to block it from acquiring mobile phone chipmaker Qualcomm Inc.

Employees subject to the layoff state that their last day in the office is November 9, 2018. However, they were offered termination agreements which would continue paying them into February 2019.

Termination Agreement Clauses

Getting severance pay through a termination agreement is often a primary concern for workers facing job losses. However, these agreements may include other clauses which can impact your future well-being and financial security:

  • Benefits: Federal law gives the option of receiving medical/health coverage under an employer’s plan for up to 18 months after termination. However, the employee is responsible for paying these premiums unless negotiated through the termination agreement.
  • References: As these can make all the difference in seeking a new job, getting references included should be a priority.
  • Outplacement Services: Employer provided services can help in obtaining a new position or additional training.
  • Non-Compete Clauses: This type of clause could limit your potential job search and your ability to use specialized skills.
  • Dispute Resolution: Policies for resolving legal disputes should be clearly stated. Your agreement may include a Release of Liability, which could impact your future rights in a claim.
  • Confidentiality: Non-disclosure agreements have become standard across different industries and could impact your ability to discuss issues related to your job loss.

Contact a California Employment Law Attorney Today

Before signing a termination agreement, reach out to the Jachimowicz Law Group first. We can help ensure your rights are protected while getting you the maximum amount of compensation and benefits you are entitled to. Call our dedicated San Jose employment law attorneys at 408-246-5500 today and request a free consultation.

 

Sources:

https://www.newsday.com/business/ca-technologies-layoff-1.23121729

https://www.forbes.com/sites/allbusiness/2018/04/14/16-key-issues-in-negotiating-an-employment-severance-package/#5ffdbbe076b2

CALL TODAY FOR A FREE CONSULTATION

SPEAK DIRECTLY WITH OUR EXPERIENCED SAN JOSE ATTORNEYS

TOLL FREE

408-246-5500

OR

800-576-4210
Waiting for Resize
Back to Top