Severance Package Legalities Nj

Summary

In New Jersey, employers have discretionary power regarding severance packages. No law requires employers to give severance when terminating employees. Severance agreements are enforceable if they are voluntary and knowingly made. Consult a local attorney for personal legal advice.

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My company was taken over by another that completely changed my job—many of us are struggling with the new demands—years ago in a joint venture the company that left provided all employees with a severance package. I’m being told that I can only get this severance if I voluntarily leave but not if they fire me. Is this legal?
Hello Barbara, would you mind sharing your location? Employment laws can vary widely from place to place, and I want to make sure I provide you with the most accurate information.
I can’t read all of your message—it’s cut off.
Hello Barbara, sorry for the confusion. In many places, companies have discretion over severance packages. However, the exact laws depend on your location. Can you please provide it?
Nj
Hello Barbara, in New Jersey:
- Employers have discretionary power regarding severance packages.
- No law requires employers to give severance when terminating employees.
- Severance agreements are enforceable if they are voluntary and knowingly made.
Please consult a local attorney for personal legal advice.
NJ
Hello Barbara, in New Jersey:
- Employers have discretionary power regarding severance packages.
- No law requires employers to give severance when terminating employees.
- Severance agreements are enforceable if they are voluntary and knowingly made.
Please consult a local attorney for personal legal advice.