Settlement Agreement with Employer – Is this fair?

5 Questions To Ask When Settling An Employment Agreement With Your Employer

1. What are the terms of my employment agreement?

The terms of your employment agreement are very important to understand. You may be required to sign an agreement that sets forth your job duties, salary, benefits, and other working conditions. You may also be entitled to overtime pay, sick leave, and other benefits. Make sure you read the agreement carefully before you sign it. If there are any questions or concerns about the terms of your employment, speak with your employer immediately.

2. What is my salary?

Your salary is an important part of your employment agreement. It will set the amount you will be paid each month, and it may include benefits such as health insurance, retirement savings, and vacation time. Make sure you are aware of all the terms of your salary before you sign the agreement.

3. What is my benefits package?

Your benefits package will include things such as health insurance, retirement savings, and vacation time. Make sure you are aware of all the terms of your benefits before you sign the agreement. If there are any questions or concerns about the terms of your benefits, speak with your employer immediately.

4. What is my job description?

Your job description is a detailed description of what you will be doing when you are working for your employer. It will help you know what skills and abilities are required to do your job. Make sure you read the job description carefully before you start working, so that you know exactly what is expected of you.

5. What is my salary and benefits package worth?

Before you sign your employment agreement, it is important to consider the value of your salary and benefits package such as:

health insurance,

retirement savings,

and vacation time. 

You can use online tools to calculate the value of your package, or you can talk to an experienced employment attorney about what is fair for you.

6. When can I start working?

Your employer will usually want you to start working as soon as possible after you have accepted the offer of employment. However, there may be some paperwork that needs to be completed first.

Make sure you understand all the paperwork that needs to be completed before you start work, and ask your employer any questions you have about it.

7. What is the notice period for termination of my employment agreement?

Most employment agreements have a notice period of either 2 or 3 months. This means that you have a certain amount of time to inform your employer if you plan to leave the job.

Make sure you give your employer at least 30 days’ notice before you quit, so that any unfinished work can be completed.

 

8. What is my right to severance pay?

If your employment is terminated for any reason, including retirement, you are usually entitled to receive severance pay.

Severance pay can vary depending on the length of your tenure with the company and the terms of your employment agreement. It is important to speak with an experienced employment attorney about what rights you have and what steps you need to take to claim them.

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